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- There is so little of it (the total volume of gold in the world could be put inside a cube a little more than 20 meters on a side (about the volume of an Olympic swimming pool).
- Gold does not tarnish (rust- oxidize)
- Very few acids dissolve gold, it will last almost forever
- It is yellow (the only other metal element that is not whitish is copper)
- It has a very high density
- It had exceptional electric properties
- It is very malleable, in fact you can make sheets of gold so thin (close to just one atom!) you can see the sun through them!
- It can be made hard like steels by alloying with a few percent iridium
- People have always considered gold to be attractive
What else can I help you with?
How fast can gold be replenished?
Gold is a non-renewable resource, meaning it cannot be replenished or recreated at a significant rate. The process of mining and extracting gold from the earth is slow, and the amount of new gold being found each year is limited. This makes gold a scarce and valuable commodity.
Why is cotton called the white gold?
Cotton is sometimes referred to as "white gold" because of its historical significance as a valuable commodity that was widely traded and contributed significantly to the economy. Its white color and importance in the textile industry makes it comparable to gold in terms of value and impact on economies.
Which metal is called king of metal?
carbon
Why is crude oil called liquid gold?
Crude oil is often referred to as "liquid gold" because of its high value and importance in the global economy. It is a valuable natural resource that is used to produce a wide range of products, including gasoline, diesel fuel, and plastics, making it essential for various industries. Additionally, its limited availability and the significant impact it has on international markets contribute to its reputation as a valuable commodity.
Description of gold?
Gold is a precious metal known for its distinct yellow color, high luster, and desirable properties such as malleability and conductivity. It is a valuable commodity used for making jewelry, coins, and as a store of value in investments. Gold is also highly resistant to corrosion and is prized for its rarity and scarcity in nature.
What was the most valuable commodity on the trans Sahara trade route?
Gold
What is the purpose of commodity silver?
The purpose of commodity silver is usually for investment. Although silver is not as rare or as valuable as gold it is also long lasting and valuable enough that it is usually a stable investment.
What made oil a huge commodity in Oklahoma?
it was believed to be more valuable than gold
Is gold a commodity?
Yes. Gold is a commodity and investment
What does commodity gold mean?
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
What recyclable commodity is most valuable?
Platinum.
Mexican gold identification?
Gold is the same gold anywhere; that is why it is a 'commodity'.
How fast can gold be replenished?
Gold is a non-renewable resource, meaning it cannot be replenished or recreated at a significant rate. The process of mining and extracting gold from the earth is slow, and the amount of new gold being found each year is limited. This makes gold a scarce and valuable commodity.
How can information be a commodity?
Anything an individual or group posesses, which, in turn, is perceived by another individual or group to be valuable, is a commodity.
What is gold mcx?
Gold is an very popular commodity of MCX.
Why do pirates want gold?
Pirates want gold because it is a valuable and easily transportable form of wealth that can be used to buy supplies, pay off debts, or fund their lifestyles as they sail the seas. Gold is universally recognized as a valuable commodity, making it a desirable treasure for pirates to acquire.
What are the examples of commodity money?
gold
