Why is gold worth money

They contend that in a modern economic environment, paper currency is the money of choice; that gold's only worth is as a material to make jewelry. At the other 

Feb 24, 2019 · What is Reddit Gold? At its root, Reddit Gold is a premium membership to Reddit. Gold costs $3.99 a month or $29.99 a year, and it can be given to other Reddit members as a reward for good posting or just because you like them. You could probably Is gold worth buying now? Why or why not? - Quora Aug 14, 2019 · Gold is one of the best investments you can make. Gold is a safer investment than the stock market. Don’t believe me, ask anyone that lost money in and around 2008. I know someone that lost a good amount of money in a 401K retirement account becau How come gold has a more value than paper money? | Yahoo ... Oct 10, 2008 · well, in short, our money is backed by gold, because it is deemed valuable, because people all over the world find it valuable. The only problem is that coinage does not properly represent our paper money, so that is why it takes so much to get gold out of the money, it's really complicated and based on trust on the US treasury, or whatever country you come from 3 Things You Should Know Before Buying Gold Coins The spot gold price is based on 100 ounces or larger .999 fine gold bars. Gold bullion coins ranging from 1/10 to one troy ounce trade at 3 to 15 percent premium over spot, based on the coin, its size (for example, 1/10th, 1/4th, 1/2 or 1 full ounce), and the quantity purchased.

Why do we value gold? - BBC News

Feb 24, 2019 · What is Reddit Gold? At its root, Reddit Gold is a premium membership to Reddit. Gold costs $3.99 a month or $29.99 a year, and it can be given to other Reddit members as a reward for good posting or just because you like them. You could probably Is gold worth buying now? Why or why not? - Quora Aug 14, 2019 · Gold is one of the best investments you can make. Gold is a safer investment than the stock market. Don’t believe me, ask anyone that lost money in and around 2008. I know someone that lost a good amount of money in a 401K retirement account becau How come gold has a more value than paper money? | Yahoo ...

Dec 26, 2013 · Why Gold Would Be Useless in an Economic Apocalypse posts on how to manage your money in the event of a financial apocalypse—as in a world of hyperinflation, governmental collapse, and

NOOKS AND CRANNIES Why is gold considered so valuable. It is not the rarest metal, it is not the most useful, so why the worship of this yellow metal.

However the price of metals doesn't work like that and while, in theory, platinum should arguably be worth more than gold, this is not necessarily always the case  

Search Your Change for this Rare Sacagawea Gold Dollar ... Aug 20, 2017 · Search Your Change for this Rare Sacagawea Gold Dollar Variety - What Makes it Worth so Much? We look at the Goodacre Presentation Sacagawea gold dollar coin and … ELI5: Why is gold worth so much money in modern times ... Sep 16, 2013 · Gold being worth so much money now is a direct result of how it was used in the past. Gold is rare. Gold does not tarnish. Because of these properties, older … Four Reasons Why Gold Is A Bad Investment - Forbes Nov 18, 2016 · How to watch out for gold scams. Four Reasons Why Gold Is A Bad Investment. The cost of money and demand for credit is low, keeping interest rates in … Why Does Money Have Value in Economics?

Jun 25, 2006 · actually gold in the past wasn't worth that much other wise they would not have made money out of it. some dumb *** said some thing stupid and that is why it is worth so much its all pollitics. but when we use up all the gold money won't be worth any thing or prices for things will be a thousand times more than they are now a candy bar will cost 1000 dollars.

Another 6 years since this question was asked and Gold hasn't moved, $1175, and 6 years' worth of fees, 2.4% if you buy the GLD ETF. From the '82 high of  21 Oct 2019 Gold is the shining embodiment of wealth, and can cost around from sheets of pure, beaten gold, which would now be worth over $1 million. 22 May 2018 Gold, unlike many other metals, is relatively expensive to produce, thus making the base price fairly high. If a lot of people wish to use gold and  Gold has retained its value because it is still rare and people like to adorn them selves with it. Its rarity is explained at http://money.howstuffworks.com/ question213.

Gold Price per Ounce Because gold pretty much trades around the clock, the gold price is always updating and can even be viewed in real time. Why are Gold Prices Always Fluctuating? The price of gold is in a constant state of flux, and it can move due to numerous influences. Some of the biggest contributors to fluctuations in the gold price include: Central bank Why Gold Would Be Useless in an Economic Apocalypse - The ... Dec 26, 2013 · Why Gold Would Be Useless in an Economic Apocalypse posts on how to manage your money in the event of a financial apocalypse—as in a world of hyperinflation, governmental collapse, and How Much Is Gold Really Worth? - KELSEY'S GOLD FACTS May 08, 2017 · How much is gold really worth? The answer we get depends on who we ask and what their opinion is. Everyone has an opinion as to what something is worth, whether the object of consideration is their home, a late grandfather’s pocket watch, or a specific stock. Why is Gold a Better Form of Money Then Paper ...