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Well gold is very rare to find in many places. Gold is also very difficult to counterfeit.Gold is fungible & exchangeable because every bit of .999 fine gold is similar enough to be like another. Gold does not rust as it's imperishable. These properties make gold a good store of value, a medium of exchange, and a unit of account. Therefore, gold is easily trad able with a narrow spread, meaning it has a small price between the bid and ask the prices to buy and sell. Gold is therefore the ultimate liquid asset, a luxury, and is why gold is money. Silver is harder than gold but softer than copper.
What else can I help you with?
Which metal is more valuable gold or silver?
Gold is typically more valuable than silver due to its rarity and demand in jewelry and investment. Gold is often seen as a safer investment option compared to silver, which is more commonly used in industrial applications.
What metal reacts least copper gold iron or silver?
Gold reacts the least out of copper, gold, iron, and silver. Gold is a noble metal, which means it is less reactive and does not easily corrode or tarnish when exposed to air or moisture. Copper, iron, and silver are more reactive than gold and can form oxides or other compounds more readily.
What is more valuable silver diamond or gold?
Diamonds are generally more valuable than gold or silver, as they are rare and have a high demand for use in jewelry. Gold is typically more valuable than silver due to its rarity and historical significance as a store of value. Silver is commonly used in industrial applications and jewelry, making it less valuable than gold or diamonds.
Why is gold more valuable than silver?
because it is more rare and silver is more heavy there for less portable | | Have to partially disagree with the above statement. Gold is more rare than silver while it is still in the ground. There is actually more processed gold in the world than silver. Silver is not heavier than gold. It is heavier in 'value' than gold and therefor not as portable. So why is gold more valuable than silver? Short answer - because people made it more valuable. Apparently, they like gold better. | | Gold also has more valuable industrial uses then silver for example: gold is more resistant to corrosion. Gold is also a good conductor of electricity, particularly because it resists corrosion i.e. silver actually conducts better then silver until it begins to corrode (charging metal tends to speed up corrosion). So it's not just that we 'like' gold more, there are practical reasons why gold is more valuable.
Out of silver copper and gold which is the best for electrical wires?
Copper is the best material for electrical wires due to its high electrical conductivity and low resistance, which allows for efficient transmission of electricity. Silver is slightly more conductive than copper but is much more expensive, while gold, while highly conductive, is even more expensive and less practical for everyday use.
Why is gold more valuable than copper or silver?
It si much rarer and harder to extract
Why isn't copper as valuable as gold?
Copper is much more common than gold.
What makes one type of gold more valuable than another?
Gold is more valuable than silver. durr.
Which metal is more valuable gold or silver?
Gold is typically more valuable than silver due to its rarity and demand in jewelry and investment. Gold is often seen as a safer investment option compared to silver, which is more commonly used in industrial applications.
What made silver more valuable than gold?
The Gold Rush of 1849
What is a metal more valuable than gold and silver?
uranium
What is the difference between silver plate and silver on copper?
Both are silver plated, but silver on copper tells you what kind of metal is used as an underlay. Silver plated copper is more valuable than silver on a white metal or zinc underlay.
Which one of the following metals is more ductile copper or gold or silver or nickel?
Gold is the most ductile metal among copper, gold, silver, and nickel. It is able to be drawn out into a thin wire without breaking.
What metal reacts least copper gold iron or silver?
Gold reacts the least out of copper, gold, iron, and silver. Gold is a noble metal, which means it is less reactive and does not easily corrode or tarnish when exposed to air or moisture. Copper, iron, and silver are more reactive than gold and can form oxides or other compounds more readily.
What is more valuable silver diamond or gold?
Diamonds are generally more valuable than gold or silver, as they are rare and have a high demand for use in jewelry. Gold is typically more valuable than silver due to its rarity and historical significance as a store of value. Silver is commonly used in industrial applications and jewelry, making it less valuable than gold or diamonds.
Why is gold more valuable than silver?
because it is more rare and silver is more heavy there for less portable | | Have to partially disagree with the above statement. Gold is more rare than silver while it is still in the ground. There is actually more processed gold in the world than silver. Silver is not heavier than gold. It is heavier in 'value' than gold and therefor not as portable. So why is gold more valuable than silver? Short answer - because people made it more valuable. Apparently, they like gold better. | | Gold also has more valuable industrial uses then silver for example: gold is more resistant to corrosion. Gold is also a good conductor of electricity, particularly because it resists corrosion i.e. silver actually conducts better then silver until it begins to corrode (charging metal tends to speed up corrosion). So it's not just that we 'like' gold more, there are practical reasons why gold is more valuable.
Which is worth more 24k or 14k gold?
pure gold (24k) vs 41.7% (10k) gold.. you decide.
