answersLogoWhite

0

Why is gold is valuable?

Updated: 9/24/2023
User Avatar

Wiki User

9y ago

Best Answer
Gold is valuable because people THINK it's valuable. It's pretty, and sort-of rare, and people have always thought that gold was valuable, so people STILL think it is valuable.

Gold is useful for jewelry, and it has some nice engineering applications. But the reason it is valuable is because it is valuable.

Sort of like Paris Hilton was famous for being famous, not because she had actually DONE anything worthy of fame.
User Avatar

Wiki User

9y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

12y ago

Because of its comparative rarity, its usefulness and its beauty.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is gold is valuable?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Philosophy

Slaves were called black gold. why would slaves be referred to as black gold?

Slaves were black and usually precious and hardworking, valuable.


List the most valuable stone to least most valuable?

Most valuable: Diamond Least valuable: Gravel


A sentence with valuable?

The wedding ring was valuable. Max broke mum's valuable vase. The delicacy was elegant, but also valuable.


How do you spell the word valuable?

Valuable. You were correct.


What makes something valuable to a person?

There are many different reasons why something is valuable to a person, as well as many different kinds of things which may be considered to be valuable. Something that you use for some important purpose is valuable. Shoes are valuable for most people because if we did not have them, our feet would be injured by sharp objects on the street, and we would also become much less socially respectable, and would not be admitted into restaurants. Cars are valuable because they are an efficient means of transportation. Aside from utility, there is also investment value. You might value something because you know that if you wanted to, you could sell it for some meaningful amount of money. Gold coins are an example of this, or gold bars, jewelry, stocks and bonds, and so forth. Houses are actually valuable for both reasons; utility and re-sale value. Other things are valued as mementos. They help you remember something that you want to remember. A valued photograph, or a letter can be of this type. There are more abstract things that can be valued. People value their marriage, their religion, their nationality, their status in the community, their ability to play chess, etc. All of these things play some kind of role in a person's life. They help you to be the kind of person whom you want to be, and to have the kinds of relationships with other people that you want to have.