Impressive's video: Why Is Gold So Expensive

You have probably heard someone say, “Gold is just a silly piece of rock and the only reason it’s expensive is that people like shiny thing” Subscribe For More Amazing Videos ► https://bit.ly/Theimpressive ◄ Don't forget to hit that bell! It is relatively unexciting and useless compared to other metals and yet it demands a sky-high price. We’re here to tell you that’s half-right. But there’s more to gold than just being a shiny rock. so why is gold so valuable anyway? why is it so expensive? And more importantly. Will gold still have value in future? Firstly, let’s define “value” For someone to have value, it must be useful to us in some way. For example, you would consider money valuable because you can exchange it for things that you want. In that same way, gold has value because it is: A physical store of value with a Unique purpose that Has long been used as a fair measurement for the exchange of goods and services Fun fact: nobody can exactly tell when gold was discovered, but archaeologist has found traces of gold in ancient caves that date back to 40,000BC. Gold’s earliest uses and value were purely ornamental in the early civilizations because of its brilliance, colour and how easily it is to shape. Of all the metals, gold is the easiest to work with; it can be found naturally as ‘dust’ or ‘nuggets’ and has a low melting point, making it easy to shape with basic tools in room temperatures. This was important in ancient times as they did not have advanced technology for complex metal works. Gold was mostly used as jewellery and art pieces – things that only the rich and royals owned. Naturally, early civilizations started to associate gold with gods and rulers, with powers, wealth and beauty. Hence, gold was accepted, understood and in demand around the world as a rare commodity that was valued for its allure and functional properties. Gold is durable (it doesn’t rust or tarnish), rare and malleable. This is how it came to be the basis of trade back in early civilizations. It was also portable and easy to measure and identify, making it the perfect medium for trade. The first gold coins were made in early Lydia (now western Turkey) in 6th century BC. The idea of gold coins of uniform weight, size and identity spread amongst kingdoms and was quickly adopted as de facto currency by civilizations. French historian Fernand Braudel deemed gold (and silver) as the “lifeblood of Mediterranean trade in the 2nd millennium BC’’. It was traded simply by weight in the form of ingots (bars). Alas, gold gave rise to the earliest concept of money. Eventually, standardized coins and bars came to permanently replace classic barter trading, making universal trade in the past much easier. Gold, soft to the touch with a satisfying weight to hold, boasts some unique qualities compared to other metals, predominantly its indestructible nature and resilience. It is chemically inactive, meaning it is anti-corrosive and resistant enough to remain unchanged for thousands of years. Gold’s everlasting abilities mean it takes unworldly forces to form. Theorists believe none of the gold that has ever been extracted was formed on earth and is instead the creation of exploding supernovas or form inside colliding neutron stars. It is a good thermal and electrical conductor, it is ductile, meaning it can be stretched without breaking, and malleable to allow it to be spread into thin sheets without cracking. Just one gram of gold can be hammered out into a meter-wide sheet or pulled into a 165-meter-long wire. Due to the softness of gold, it is often alloyed with harder metals like silver or copper to improve strength. The purity of gold is measured in carats, with 24 carats equal to 100% pure gold and 18-carats gold representing an alloy with silver-containing 750 parts gold per 1000. Before we proceed, do well to like the video, drop a comment and subscribe to the channel to have access to a whole lot of interesting videos. The perceived value of gold has been gradually ingrained in the mind of society over thousands of years. The importance of gold in forging the world’s first coinage gave it a long-lasting role that saw the metal remain the backbone of the world’s currency markets until just 50 years ago. Original payment systems required physical units that could be exchanged between traders and merchants, and precious metals were perfect for the job. This meant goods could be traded in principle without the need for immediate delivery and acted as a mutually recognized unit of exchange that was directly comparable on a like-for-like basis. As mentioned, gold still holds intrinsic value due to its unique physical properties and as a portable store of value. Today, several other demands already central rail coating high gold prices For copyright matters please contact us at "theimpressiveinc@gmail.com"