although gold is not necessary for survival the price of the gold is high, explain
Answers
Explanation:
PART OF
Investing in Gold
COMMODITIES GOLD
Why Has Gold Always Been Valuable?
Part of the allure of gold may be the allure itself
By CARLA TARDI
Fact checked by SUZANNE KVILHAUG on February 23, 2021
Reviewed by MICHAEL J BOYLE
TABLE OF CONTENTS
EXPAND
Why Has Gold Always Had Value?
Gold's Essential Dichotomy
Gold, The Feel-Good Metal
In Search of a Metal to Worship
Gold, The Mysterious Metal
Gold, Psychology, and Society
The Bottom Line
There exist a plethora of articles about gold as a financial investment so here we focus on the social and psychological aspects of gold.
KEY TAKEAWAYS
Since ancient civilization, from the Egyptians to the Inca, gold has held a special place of actual and symbolic value for humanity.
Gold has moreover been used as money for exchange, as a store of value, and as valuable jewelry and other artifacts.
Gold's value is ultimately a social construction: it is valuable because we all agree it has been and will be in the future.
Still, gold's lustrous and metallic qualities, its relative scarcity, and the difficulty of extraction have only added to the perception of gold as a valuable commodity.
Answer:
it is rarer, it is less reactive, it is lustrous...than other metals.