Who decided that gold was worth so much?

Mexico City.- Gold is one of the metals that historically acquired more value for human beings.

What is the reason? Does it make sense that a metal has become currency?And, above all, we must consider that it is not the most rare or difficult metal to extract from Earth.

For experts, betting on gold and silver investments is an intelligent move.This is because, unlike many goods, the value of precious metals is fixed and is not determined by external factors beyond supply and demand.Without this greatly affecting its established price.

Gold has multiple uses, one of the main ones is that of jewelry, but also has applications in medicine, electronic, medicine, and even in aerospace engineering.

Unlike other "goods", gold has a value from its own existence as well as diamonds or silver.For example, if we invest in dollars or company shares, inflation and other circumstances that we cannot predict easily can affect its value.

¿Quién decidió que el oro valía tanto?

How much is a gold bullion?

In the case of valuable minerals, it is usually the rarity that determines whether its value is high or not.Gold is "rare" because it does not abound, although it is not close to ending.According to the USCB Science, gold has peculiarities that have made it a perfect investment metal.

In addition to the multiple uses, their physical and chemical properties stand out, for being malleable, a large electricity conductor, and also does not oxidize.Very important factor, because if there are gold bars or ingots, or coins will not be affected over the years.

Oxidation affects the weight and properties of metals.Thing that does not happen with gold.

In economic terms, the value of gold was not initially assigned by the characteristics of a metal that was surely not known to have certain type of nature.

At the beginning it was the peculiarity of its color that attributed the initial value, it is currently society that gives it a value due to issues related to what we mention before, plus the cost generated by its extraction.

Year after year the amount of gold (which was mined) in the world increases.Of course, not much because it is difficult to get it from Earth and not necessarily abound.Thanks to that "it is worth a lot", although a last factor would be that, if no one was interested in possessing or investing in gold, we would surely see a dramatic low in its value.Well, it is not the weirdest metal on the planet.