Who decided that gold was valuable and rare?

Question

Stoneage man couldn't have found some and said, "theres not much of this around, so it'll be valuable". Also gold in its true form is dull, its has to be treated to become shiny, and look like gold.

Answer 1

gold IS rare & valueable & has always been recognized as such...

Answer 2

Gold has a fee in and of itself because of its homes. The dollar fee attributed to it skill little. in spite of the indisputable fact that it really is honestly maliable, very conductive and very nearly impervious to oxidation. All important and efficient homes. What makes gold sensible as an funding is that its fee does no longer replace. it really is as sensible at present because it became the day previous and could be tomorrow. yet, the dollar fee is going up and down as money change into better or a lot less efficient. So, in case you purchase gold earlier inflation decreases the dollar, you do not loose any fee. you could continually convert the gold into money that are have an same fee no matter if which skill so significantly better money. *

Answer 3

Gold simply is rare. No one decided that part.

I know gold jewelry was found amidst the remains of a shipwreck believed to be some 3300 years old... so someone before that time decided it was valuable at least for its looks.

Answer 4

That's what I would like to know !!

I just watched a documentary on GOLD and it said only 20% of the gold has even been mined and used... there is 80% left yet.... Crazy !!

Answer 5

http://en.wikipedia.org/wiki/Gold

Stone age man (by definition) knew nothing about metal working. When man discovered metal working gold was valued for its unique beauty and properties.

Answer 6

Good question, most likely answer, a capitalist.