Why gold is so important ?

Answer 1

It is chemically nearly inert therefore highly resistant to corrosion and discoloring. It is rare. It is easily workable into decorative objects. Its non-corrodability also gives it industrial value as a plating for electrical connector contacts.

Answer 2

Gold (and silver as well) have been used in most geographic locations all over the world as the most universally accepted common medium of exchange (money) from ancient times to modern days.

Today gold is not used for money. In the days before the federal reserve bank every dollar a man had was backed by a dollars worth of gold. Then about 300 bankers got together and eureka! the federal reserve was born. They created what was called federal reserve debt notes which were based on credit and not backed by gold. Meaning they could make as money as they wanted witrh nothing substantial backing it up. They then could then loan it to people and charge them interest. The paper money that we use today is nothing but a debt our country owes the federal reserve. Lincoln and Kennedy tried to bring back the gold backed money and we all know what happened to them.

Our Government does not own the federal reserve. It is owned by billionare bankers.

So in todays society I guess gold is important simply because it makes pretty jewlery.

Answer 3

In times past, gold was important because it seemed "incorruptible" in that it does not rust or tarnish. People thought that this was a special property and often imagined a connection to immortality.

In present times, it is most important for its physical and electrical properties. It is an excellent conductor, is used in semiconductors and indutrial processes, can be worked to about 1/50,000 of an inch in thickness by hammering, and can be used to coat glass for shielding specific wavelengths of light.

Answer 4

All the precious metals are important because there is a limited, finite amount of the metal. It is easily changed in form, from rock, to bar to jewelry, and there is a constant demand for it.

Answer 5

It measures the relative wealth of a country in absolute terms. It shows how much bars a country can have its currency supported.

It also acts as a most valuable precious stone.

Answer 6

to me, gold is only important because it has good conductivity properties and therefore is good for computer/electronic contacts. (yes, you have a few miligrams of gold in your computer)

but gold is expensive only because there's not a lot of it, on earth. and that's what makes it "important" for lots of people... greedy, aren't they?

Answer 7

since it ius a rare commodity it can control prices

Answer 8

becuse shine like star
color like sun
price like earth

Answer 9

gold is very expensive. and everyone can not efford it

Answer 10

People luv it