What make gold so expensive?

Question

Gold are expensive nowadays why is gold expensive

Answer 1

Gold has unique physical chemical characteristics that made it very valuable. Gold is the most maleable and ductile of all the metals. ... Gold has the highest corrosion resistance of all the metals and it is corroded only by a mixture of nitric and hydrocloric acid. Gold is a noble metal because it does not oxidize.

Answer 2

Gold is expensive because of the process it goes through such as filtering, purification, and heating.  Pure gold is the most expensive and it usually regarded as 99.9 gold content. Gold is used world wide in decoration and making personal accessories and so the demand is always there to push the value up. 

Answer 3

Gold is a very expensive because man has been affected by the glory of gold since very ancient times, because it is often found in a free state in nature. Gold is a metal and element. Pure gold is bright yellow which is a very attractive color, 

Answer 4

Though gold is quite abundant becouse of its high popularity it becomes very valuable.

Another reason due to which gold work well in terms of value is becouse gold does not readily oxidize thus it maintains a constant weight. Other metals, such as iron rusts and copper gets oxidized.

Answer 5

Gold is expensive due to its high demand in the society. It is also associated with prestige and wealth. Having it elevates your social status. It is also scarce worldwide and the demand is high. Mining gold is a risky and expensive endeavor. 

Answer 6

The value of gold is ultimately a social construct; we all agree that it has been and will continue to be valuable. However, the idea of gold as a precious commodity has only grown as a result of its metallic and shiny properties, relative scarcity, and complex extraction. 

Answer 7

Gold symbolizes wealth for me. Gold is a kind of rock that is filtered many times to see how strong and purified it is. Just like a person, gold are precious because it had been so many purifications but still manage to shine above all.