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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It’s soft, shiny, and melt at low temp, which makes it useless for any purpose for the longer part of history. Silver was in the same boat.

Since gold cannot be used to make tools, it’s fine to be used as currency and decoration. It also doesnt rust so its quite ideal for jewelry. The traditions carry to modern times and we continue to use it to hoard wealth.

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