People have valued and wanted gold for a long time. Is the reason the people in the past valued it so much was because it was shiny (and heavy i guess)? and because it was shiny and heavy (if that's the reason) they valued it and we continued the idea that it's worth so much?
i have some idea why it's worth a lot now, making things out of gold. But what about in the past?
hope this makes sense
2006-06-26 11:26:54 · 12 answers · asked by Anonymous in Society & Culture ➔ Other - Society & Culture
there's also a part about Why ppl in the past valued it?
2006-06-26 11:32:24 · update #1
none of these really answer my question to y gold was worth so much 2 begin with. Some explain that it was used as money, but y was it chosen to be used as money? i think b/c it was shiny
i couldn't find the "No Best Answer," so i'm just gonna put this up to vote
2006-07-09 17:08:19 · update #2
Because gold is bling-bling bliatch!!
2006-06-26 11:29:43 · answer #1 · answered by Eric C 1 · 0⤊ 1⤋
It's limited in amount. People used gold long ago as money. Then someone realized that gold could be smuggled out of one's country and brought to another. So that country can gain more gold and therefore more money. So they kept their gold in their reserves and sorta based the country's value of currency on their amount of gold reserves.
They don't want to change gold because that would disrupt the economy thingie on the value of gold.
Lastly, the interest/demand on gold is high. It's just economics.
Also, I think it was just chance that a lot of people liked gold in the past. Like it was the "in" thing back then so they valued it a lot.
This is just a big "What If" but imagine that almost all the cars in the world were destroyed except for a few and no one and nothing can ever make cars again. The value of cars would really go up because everyone would like to have one.
2006-06-26 11:29:02 · answer #2 · answered by crage_ralius 3 · 0⤊ 0⤋
Since it used to act as our currency, people valued it becaue it was essentially money. Imagine digging through the ground today and finding dollar bills....it's kind of like that. Along with that, if you've ever heard of the Gold Standard, that was essentially when paper money was printed, instead of actually being worth anything in and of itself, it actually stood as a claim to gold. One dollar was worth a little chunk of gold. Instead of the burden of lugging gold around, it was easier to just have it all stored up and print out the money, which was backed by it's printed value, in gold.
2006-07-09 11:37:54 · answer #3 · answered by toeferbino 2 · 0⤊ 0⤋
actually gold in the past wasn't worth that much other wise they would not have made money out of it. some dumb *** said some thing stupid and that is why it is worth so much its all pollitics. but when we use up all the gold money won't be worth any thing or prices for things will be a thousand times more than they are now a candy bar will cost 1000 dollars.
2006-07-08 09:08:06 · answer #4 · answered by franksprung 3 · 0⤊ 0⤋
There was a time when there was a lot of gold on this planet, and like granite, like steel, etc. there was no shortage. Sometime back in earth's history it was visited by people from space who were sent here on a mission, to get as much gold from earth as possible and take it home to another planet . They did it. That's why gold is so high opriced today; They left us very little of it.
2006-07-09 18:48:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Supply & demand!
For some top forecasts on gold’s direction, visit the site below:
I like the real GOLD nuggets.
As most gold is mined as very fine dust and tiny nuggets, the larger (over 1oz) nuggets are very rare! Actually they are as rare as large diamonds!
I would suggest you look into large nuggets!
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I'm actually saving to purchase others!
The site is:
http://www.california-gold-rush-miner.us
http://www.california-gold-rush-miner.us/australia-gold-nuggets.htm
http://www.california-gold-rush-miner.us/crystalline-gold-miner.htm
http://california-gold-nuggets-miner.blogspot.com
2006-06-27 13:28:09 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Limited, and pretty hard to make. The elements needed to make gold need to be circulated for several years before a chunk can be made out of it. And it's that long time of developing a small chunk that makes gold a valuable metal.
2006-06-26 11:31:10 · answer #7 · answered by Ryoga316 3 · 0⤊ 0⤋
Basically because it is a rare metal and for some reasons people bagan to store it for its exchange value.
But actually platinum is the most expensive metal.
2006-07-09 17:04:00 · answer #8 · answered by Sami V 7 · 0⤊ 0⤋
I don get why gold is worth alot, when i personally believe silver is more beutiful and worth more
2006-07-08 07:25:56 · answer #9 · answered by Anonymous · 0⤊ 0⤋
its valuable because u dont find it everywhere.. the less there is of something, the more its worth
2006-06-26 11:29:47 · answer #10 · answered by this old loser 3 · 0⤊ 0⤋