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

Just like cloth or pieces of plastic with people’s faces on it, gold has value because people say it does.

Gold has properties that make it valuable as currency or a sign of wealth. It is scarce, easy to stamp and form into coins or objects like rings, it is resistant to decay and corrosion. Gold was also relatively easy to get out of the ground in the past.

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