Originally Posted by watermock
gold is valuable becauise they have to claw it out from your cold, dead hands.
Let me ask you this.
Diamonds are rocks. They are worth nothing.
My point is simple: Gold is a commodity that people value and they value it highly. Fine. However, if the economy tanked and people had to survive on lets say the "barter" system, then gold, aside from being pretty to look at is really not all that practicle. Are you gonna make tools out of gold? Are you going to plow a field with a gold tractor? Are you going to make bullets out of gold? Are you going to build a dam out of gold? Are you going to feed your family on a bar of gold? Are you going to pump water out of the ground with a gold windmill? Are you going to build a boat out of gold? Are you going to fish with a gold net?
It's value is based on perception more than practical applications. The fact that it is rare increases it's value substantially.
Yes, you can use gold for industrial purposes, but it's cost is so extreme, that it's impracticle for things like wiring and alloys. No one is gonna invest in gold wiring when copper wiring is fine if not better. Oh and btw, nobody can afford copper wiring either.
Gold, why valuable is a luxury item, not a practicle item