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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As gold has frequently been “artificially” used to legally constrain currencies, and has been used on the world stage to do so as recently as 1971, there is lingering speculative pressure that gold will be once again politically valuable.
By politically I mean given a sort of “intrinsic” demand created by the policy of taxation of a currency backed by gold. All currencies base case level of value comes from their demand which is rooted in taxation.
The question though, is why gold and not some other random element? That’s where everyone else’s answers come in. It was rare enough but common enough, really aesthetic, easy to work with, etc.
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