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by Answers101 on July 14th, 2006

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Why is gold so valuable?

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  • by hershey_squirter_ on August 8th, 2006

    hershey_squirter_

    Andygib's answer is close to being right, firstly gold is not a mineral it's a metal. Secondly an important detail was omitted....the fact that something is rare and difficult to extract from the ground are good points, but what he failed to mention is that there has to be something useful or desirable about it. Gold is desirable for it's amazing properties and beauty. Oil is useful in manufacturing gasoline. No disrespect to the answer, just adding another point of view.

    Comments

    • Well, 'mineral' just means a naturally occuring inorganic solid substance, so it includes metals. But you're absolutely right, Gold is primarily of great value because it is a desirable metal; it looks beautiful. It also happens to be relatively rare, increasing it's value even more : )

      Twhupfold

      by Twhupfold on June 7th, 2007

    • So rare it can be panned from a river before it is found and then horded making rare?

      -O-uknow

      by -O-uknow on October 20th, 2010

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