Why Gold Is So Expensive | So Expensive

Editor's note: The estimated amount of gold left in Earth’s crust is 55,000 tons, not 55 tons as the video states. Business Insider regrets the error.

Gold is the shining embodiment of wealth. One ounce can cost up to $1,500. But other metals that are rarer than gold are much cheaper.

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Why Gold Is So Expensive | So Expensive

[benjamindavidson]

Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.

[alynademosthenes]

It’s shiny and our ancestors liked it so we just kinda keep rolling with it

[barttfisher]

Analysts at JP Morgan have predicted that Bitcoin (BTC) could fall below $1, 260, while banks will not benefit from blockchain for at least three to five years, Reuters reported on Jan. 24.
According to Reuters, analysts from the major global investment bank think that the true value of cryptos is still unproven, and that they only make sense in a hypothetical “dystopian” event, wherein investors have lost faith in major traditional assets like gold and the U.S. dollar. The analysts stated in a report:
“Even in extreme scenarios such as a recession or financial crises, there are more liquid and less-complicated instruments for transacting, investing and hedging [than cryptocurrencies].”

[Movie_Games]

Knowing this it seems like a huge waste to use gold on jewelry.

[yegorme]

Gold: I'm a useful mineral used in electronics and even power cables because I'm an awesome conductor!

Humans: imma eat you

[sergiorr]

Earth: Gold is very rare.
Rich people: Let's eat gold because LoLs

[christianaemilio]

People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.

[elvismark]

At the beginning of the year, I have continued to purchase a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.

[HayK]

I don’t resent anyone who’s rich but someone who eats a steak covered in gold lacks class.

[KGDHMF]

“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” - Norm Franz

[parkeerdarkeer]

Bro gold is out here being one of the most useful materials on the planet but people really only care that its shiny

[DeltaC]

Note for the editor: Watch main plates are made of brass generally, not gold. If they aren't brass then it is made of a harder metal usually to prevent flexing on a super thin movement which would affect the way gears engage. I only say this because the beginning explanation of gold is over video showing a watchmaker doing perlage on a brass main plate. Probably only watchmakers will notice, but just wanted throw a little knowledge out there in case it actually mattered to anyone.

[Lnel]

"Gold is very hard to mine"

This is why you should enchant your pickaxe with efficiency

[MrFat]

Short Answer: It's expensive because its gold.

[notgian_]

We tried the gold steak once, the gold just make it less appealing.
Try to imagine eating steak with very soft foil

[JonatasAdoM]

Imagine being part of the last generation in history that still could dig gold from the soil.

[NotTheFBI_OFFICIAL]

Q: Why is gold so expensive?

A: Because its not cheap.

[dvilmaycry]

I could never describe the contempt I hold to that “Genius” who thought the idea to put gold in food. It is an insult to the element.

[binaryinvestment.]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

[TRUTHDrops]

This is by far one of the funniest videos I have ever watched. 3.9 billion years ago. I'm still rolling in stitches.... almost peed myself.