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Value is relative - it does not just depend on the scarcity, but on what people at a particular time hold to be valuable. Gold is currently (notice currently) scarcer than fresh water, but if you are dying of thirst, you would swap it litre for litre.
If your question relates to the relative values of precious metals, then I would advise that gold is the one to go for. It has been so throughout history, but with peaks and troughs like any investment.
If your question relates to the current increasing value of gold, then I would hazard to say that this trend has a lot more legs on it. I personally do not care much if there are more or less tonnes in the world than the experts tell me, as I see the metal as a catastrophe hedge against the value of paper printed by governments. It is interesting to note that central banks have now stopped selling gold on the open market. The next step will be to reverse their previous policy, and buy it before the man in the street realises that he has been hoodwinked. That will see the price soar, but it will be too late for most currencies. Stick with the Swiss Franc, because the Swiss at least run their fiscal policy half reasonably, if you allow them the odd mistake like trying to defend the indefensible (EURSFR). No 120% mortgages there.
If your question is about the relative price of gold in relation to other standard investment vehicles, then my advice would be to make sure you have fresh water, food (have you seen the price of fish recently?), clean air and freedom. They too will become scarcer. Gold is not the total answer, just part of it. Land to farm will be good, but bricks and mortar and hi-tech goods etc., will become cheaper, as will stocks and bonds (even worthless in some cases). If you are young enough, try becoming a farmer, bee-keeper (did you know that honey is the only foodstuff that doesn't go off? - but they still put sell-by-dates on it!), smith, or shoe repairer (a real one, not Mr. Minit), doing clothing alterations etc. - vocations that most in the present western society think a waste of time. Having a degree in Law for example will not be the slightest bit interesting when the whole world can do it on the internet. When they give out diplomas like confetti, it won't be long before that is what they are worth.
Nothing stays the same for very long, but at least gold doesn't rust!
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Why did farmers reject the gold standard?
money was too scarce ap3x
What is the value of a gold 5 Mexican peso?
What is the value of GOLD 5 MEXICAN PESOS
What is the value of a gold us 20 dollar?
A U.S. $20 double eagle contains .96750oz of pure gold. The value just for the gold, today is about $1,200.00. The numismatic value depends on the date, mintmark and grade of the coin.
How much money is a gold bar usually worth?
Gold's worth in monitary value, is dependent upon the stocks of the country that have gold. If companies lose money, gold value decreases, so be a smart invester.
How does 1 gram of gold increase in value?
The value of gold is different each day; to follow the prices see the link below.
Do scarce resources have lower value?
Scarce resources are known to attract higher prices and thus they are of higher value than those in abundance. Examples of scarce resources include diamonds and gold.
An example of a scarce metal?
gold
What is the value of a gold-plated 1974 US half-dollar?
Although it's gold plated, the coin did not have any collectible value to start with. Kennedy half dollars are not rare or even scarce. It's considered a novelty coin that's only value is to someone who wants it.
How much gold is on a gold plated 1ounce sterling silver coin and is it true that the gold has no value during the melting process?
Not much at all, and yes, the gold really has no value to be considered financially significant to calculate.
Is gold necessary for human life?
Actually, it isn't. To my knowledge, it isn't required in human metabolism, and while it is very valuable in many industrial applications, if can be substituted for with good effect by other elements. Man's historical love affair with gold is primarily a chasing after a yellow gleam. Gold's primary value is that it is very scarce. Almost any desirable thing that is scarce is automatically very valuable.
What is the value of a 1999 gold nickel?
It most likely is gold plated, gold plating adds really no value to the coin and like any other 1999 nickel, it is worth 5 cents.
How would someone know how much gold coins are really worth?
The value of gold coins can be determined in two different ways--the melt-down value and the coin value. The melt-down value is the value of the pure gold in the coins, which is determined by the weight. The face value of the coins can be found on a collector's website.
Why did farmers reject the gold standard?
money was too scarce ap3x
Why do you need 1 million tons of ore to make 1 gold bar?
Because gold is rare.
What is the value of a 1973 Hawaiian gold dollar?
It's not an official US Mint coin. Depending on what company made it and whether it's really gold, its value would be determined by the gold content and condition of the dollar.
Hom much could a 24k gold pocket watch be worth?
It really depends on the weight for Gold value. Some have sold as much as £2,995 or lowest value of £300.
Why is fools gold called fools gold?
Because it looks like gold but really isn't gold. It is pretty common to find, unlike gold, so it's value is pretty small.
