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

Lots of elements are rare, but gold is more valuable than its rarity alone explains.

The other component is its unreactivity, the fact that it is in a very chemically stable state (it doesn’t rust or oxidise)

If you make something out of gold, it will look pretty much the same in 1000 years or 100,000 years.

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