2007-02-03 05:56:46 · 21 answers · asked by Anonymous in Science & Mathematics ➔ Chemistry
All has to do with supply and cost of recovering raw materials.
2007-02-03 06:00:29 · answer #1 · answered by bobble242 3 · 0⤊ 1⤋
first, it's rarer.
second it shines, and is very soft, so it's easy to produce jewelry
and it's extremely resistent to oxidation, permanent yellow and shiny. Copper become green and silver black instead.
Even before bronze age gold was used as currency in form of small plates, along with copper in form of bigger blocks.
So gold remained trough the centuries as the root of the world economy, until very recently, inflation in a country and printed money were directly calculated from the gold reserves of that country. Today is not anymore like this. But gold retained a lot of its oriinal value.
2007-02-03 06:12:06 · answer #2 · answered by scientific_boy3434 5 · 1⤊ 0⤋
Because many countries around the world like to use Gold as a bank reserve to back their currency, and it is much more scarce than other metals such as copper or silver. Really in the end it boils down to supply and demand (low supply/relatively high demand).
2007-02-03 06:03:32 · answer #3 · answered by uvawisestudent 2 · 1⤊ 1⤋
first of all, cute avatar... email me too *wink. Anyways, Gold has gone up a lot and yest analyst are predicting price will go higher. But silver on the other hand has been under-value. If you thinking of investing in gold or silver look into American Eagle coins made by the U.S mint. check it out on ebay. Good Luck.
2016-05-23 23:37:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The laws of "supply and demand".
The more there is of something like "dirt" the less valuable it is.
The less supply there is of something like "diamonds" the more valuable they become.
These laws spring from the human desire to possess something that others do not have.
2007-02-03 06:03:32 · answer #5 · answered by HeyDude 3 · 2⤊ 0⤋
value is based on supply and demand
gold is more rare (lower supply) and more in demand than copper or silver
2007-02-03 06:01:55 · answer #6 · answered by Mike H 6 · 1⤊ 0⤋
Because it lasts without getting tarnished or discolored (as copper and silver do), and because it is rare.
2007-02-03 06:03:22 · answer #7 · answered by hyd 2 · 2⤊ 0⤋
Because, we have given it along the years that value, for its beauty, malleability, and the fact that it isn't very abundant.
2007-02-03 06:01:14 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Baby girl, it's the value our little brains put on it, therefor making this a question of the mind.OK?
2007-02-03 06:34:00 · answer #9 · answered by twisteditstrue 2 · 0⤊ 1⤋
Its more rare, and maybe because its yellow and shiny. Also, its easy to shape because of its softness.
2007-02-03 05:59:14 · answer #10 · answered by nerveserver 5 · 1⤊ 1⤋