Gold Why is it so valuable?

Ornaments for kings decoration on tombs and temples a monetary reference -- the value of a bill guarantees a given amount of gold a currency and standard for global currencies in competitions as symbol of victory in a wide range of electronic devices and medical applications. Gold has been used as …

It is a chemical element with the symbol Au from the Greek word aurum, which means glow of sunshine. It is the only metal of this color. The gold's characteristic yellow color is due to the arrangement of its electrons.

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Gold has a unique aesthetic Gold is dense, soft, shiny Gold is the most malleable and ductile of all the metals. it is very efficient for the transmission of heat and electricity It has a relatively low melting point, and can be made into coins It has the highest corrosion resistance of all the metals

Gold's relative inertness means you can create an elaborate golden jaguar and be confident that 1,000 years later it can be found in a museum display case in pristine condition.

Gold is scarce, but not impossibly rare It is estimated that all the gold on the planet equals a total of 5,407,112,558 ounces. – a single solid gold cube about 20 meters or the length of a tennis court

gold doesn't have any intrinsic value. A currency only has value because we, as a society, decide that it does. gold is unbelievably beautiful – All the other metals in the periodic table are silvery colored, except copper, which turns green when exposed to moist air

In the 16th Century, the European discovery of South American gold deposits led to an enormous fall in the value of gold – and an enormous increase in the price of everything else.

many countries escaped the Great Depression in the 1930s by unhitching their currencies from the Gold Standard. Doing so freed them to print more money and reflate their economies

On Apr. 5, 1933, President Roosevelt issued an executive order forbidding the private possession of gold. All gold (coins, buillion, certificate over $100 were turned in to the government compensated at $20 an ounce.

Why isn’t gold used for currency? In 1973, President Richard Nixon cut the U.S. dollar's tie to gold the US was running out of the necessary gold to back all the dollars it had printed

Between 1971 and 2012 the US currency in circulation increased from $48.6 billion to over $1 trillion dollars. the price of gold has gone from $260 per troy ounce in 2001, to peak at $1, in September 2011, before falling back to $1,230 in 2013