Why Is Gold So Valuable?

Gold’s value over the years isn’t necessarily due to scarcity. There are gold deposits all over the world. However, getting that gold out of the ground, and doing so for a profit, can be extremely difficult…

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This video does not provide a complete overview of the subject matter discussed. Pinnacle Digest, including its video commentators and contributors, are not a registered broker-dealer, investment advisors or financial advisors. Before investing in any securities, consult your financial advisor and a registered broker-dealer.

[dallas]

I can't eat gold, nor fire it. There is essentially no value other than flaunting you can afford to buy a (semi) useless metal.

[PinnacleDigest]

Gold's price is now up almost $300 since last November's lows. Currently at $1, 915 an ounce as inflation fears seem to be dissipating (for now).

[nixman]

If it's so hard to extract, then why not just leave it if we are wasting so much resources just to extract it?

[timothystonebarger]

No. It's because it's usefull