Check out classically encountered FAQs on jewelry and pearls.
Exactly why is gold so expensive?
It’s all to do with rarity also to a point, the interest in it throughout the global world at an offered time.
Gold has particular characteristics that are unique the fact it generally does not tarnish. Which means it’s in huge demand for jewellery, the medical occupation, technology and technology – to mention just a couple of.
To provide some indication of scarcity, all (or most) of this gold ever mined in human history is still in presence, having been endlessly re-cycled. There is a reasonable possibility that if you have a contemporary silver necklace that some of the silver in it had been mined by the Romans 2,000 years ago!
Now it would only cover a tennis court and go up about 10m (30 feet) tall if you gathered every scrap of gold ever …