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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The biggest reason is scarcity and our inability to reproduce it. Gold is dug up from the ground but really can’t be made.
Some scientific guy is going to come and say “well actually blah blah blah.” But let’s just for this explanation say we can’t create it. So… we have a resource that for all intents and purposes has a limited quantity since we can’t create more and is hard to find/get since you aren’t digging it up readily in your backyard.
This combination typically leads to people wanting it. The more people want “it”, the more people are willing to pay for “it”.
It’s get more complicated when you go into like currencies and all that backed by gold or electronic components or stuff like that but essentially the eli5 answer is there is a limited quantity of gold, it’s hard to get which makes people want it, which makes it valuable because people will pay to obtain it.
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