How do we know that gold is rare?

Question

We haven’t mined 100% of the earth so how can we say that gold is rare? There could be massive reserves everywhere.

In: 5

Answer 1

Because if it was a common as say iron, we would have a lot more of it already and you would be finding it as easily as we’ve found iron.

Sure there could be some huge deposit of it somewhere we haven’t been able to find yet, but that still wouldn’t make it as common as other metals we have found. If it was common we would be finding it as much as other metals that aren’t as rare as gold is.

It’s rare because it isn’t a common to find it as we find other metals.