eli5 Why is Gold worth anything?

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Saw this video about gold, it’s chemical structure and malleability. I still don’t understand why gold is worth anything at all……

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Anonymous 0 Comments

It’s useful, it’s relatively rare vs its usefulness (compared to, say, water, pebbles, or seashells), it’s easy enough to verify to minimize forgeries/fakes, and people have used it as a medium of exchange for centuries because of this. It carries enough value that it’s a lot easier to carry than its value in, say, livestock, grain or marble stone.

Put these together, and it’s considered valuable.

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