Saw this video about gold, it’s chemical structure and malleability. I still don’t understand why gold is worth anything at all……
In: 236
For multiple reasons:
Scarcity
It’s beautiful
It’s used to manufacture tons of things
It was easy to turn into coins and jewelry because it’s soft
For multiple reasons:
Scarcity
It’s beautiful
It’s used to manufacture tons of things
It was easy to turn into coins and jewelry because it’s soft
It’s uncommon and doesn’t react/oxydize. You can’t use iron as a currency, it’ll just rust away (plus it’s pretty common). You certainly can’t use bananas. But gold will essentially last forever, it’s pretty and it’s relatively rare, so it works well for the purpose of storing monetary value. Similar thing for diamonds and other precious stones, but those aren’t malleable so you can’t make them into coins and similar stuff.
It’s uncommon and doesn’t react/oxydize. You can’t use iron as a currency, it’ll just rust away (plus it’s pretty common). You certainly can’t use bananas. But gold will essentially last forever, it’s pretty and it’s relatively rare, so it works well for the purpose of storing monetary value. Similar thing for diamonds and other precious stones, but those aren’t malleable so you can’t make them into coins and similar stuff.
It’s uncommon and doesn’t react/oxydize. You can’t use iron as a currency, it’ll just rust away (plus it’s pretty common). You certainly can’t use bananas. But gold will essentially last forever, it’s pretty and it’s relatively rare, so it works well for the purpose of storing monetary value. Similar thing for diamonds and other precious stones, but those aren’t malleable so you can’t make them into coins and similar stuff.
It is a representation of real world value. Gold, because it appeared to be unique and pretty, was a stand in for previous work. You built that bridge = you got a gold coin.
It is a representation of real world value. Gold, because it appeared to be unique and pretty, was a stand in for previous work. You built that bridge = you got a gold coin.
It is a representation of real world value. Gold, because it appeared to be unique and pretty, was a stand in for previous work. You built that bridge = you got a gold coin.
People keep mentioning how it looks pretty and it doesn’t oxidize but I don’t see a lot of people talking about the use of gold in microchips and other circuitry. Gold is very useful for high-tech devices.
People keep mentioning how it looks pretty and it doesn’t oxidize but I don’t see a lot of people talking about the use of gold in microchips and other circuitry. Gold is very useful for high-tech devices.
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