2006-11-19 03:39:22 · 11 answers · asked by EKKA 1 in Science & Mathematics ➔ Chemistry
Gold is the favorite bank reserve to support their currency all around the world. It has limited production and hard to find on Earth. Beside that, every ladies on Earth love to wear the jewelry. Gold is using more and more when the population keeps going up. Now it's $625/ ounce. You can double money in 2 yrs if you bought gold. USD keeps going down, gold will be more expensive.
Mr. Vu
2006-11-19 04:00:34 · answer #1 · answered by huyminhvu 1 · 0⤊ 1⤋
Natural Re is the rarest metal worth about $5,100 per oz. Gold is one of the most expensive at about $350 per oz because it is rare, appeals to the eye, and the most malleable.
2006-11-19 11:45:52 · answer #2 · answered by merviedz trespassers 3 · 0⤊ 0⤋
Gold is expensive because it is rare and ofcourse u know its value n uses
by the way platinum is more expensive than gold
2006-11-20 00:57:11 · answer #3 · answered by DEEPTHI 1 · 0⤊ 0⤋
because is rare metal and it can be used for making ornaments which very much nice to look other than any metal. and gold is every expensive for extraction also hence it is more costly than any other metals
2006-11-19 12:53:19 · answer #4 · answered by liya k 1 · 0⤊ 0⤋
It's not. Platinum, for example, is more expensive, and so are various rare metals such as the trace elements.
Gold's value comes from its appearance, its rarity, its non-corrosiveness and its malleability.
2006-11-19 11:43:17 · answer #5 · answered by Anonymous · 2⤊ 0⤋
Platinum is more expensive than gold, friend.
2006-11-19 11:41:01 · answer #6 · answered by San Jose 3 · 2⤊ 0⤋
gold is more expansive because it is avilable in less quantity than any other metal and metals those which are avilable in less quantity than gold they are more expansive than gold.
for example- diamond is expansive because it is avilable in very few quantity. gold and diamonds are symbols of status because they r avilable in very few quantity. IF IRON AVILABLE IN LESS QUANTITY THAN GOLD, PEOPLE USE IRON FOR JEWELLERY SIMPLEY BECAUSE IT IS EXPANSIVE AND EVERYONE CAN NOT AFFORD IT.
THINGS BECOMES PRECIOUS BECAUSE OF THEIR MAGNITUDE.
2006-11-19 12:19:38 · answer #7 · answered by Anonymous · 0⤊ 0⤋
bcause it is available in very little quantity
Availability is directly proportional to price
2006-11-19 11:52:15 · answer #8 · answered by sushobhan 6 · 0⤊ 0⤋
it doesnt rust n rain it doesnt mix with other elements
2006-11-19 11:48:32 · answer #9 · answered by boricua4756 2 · 0⤊ 0⤋
Because it is RARE.
2006-11-19 12:01:21 · answer #10 · answered by ODDONE 2 · 0⤊ 0⤋