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Why is gold so valued?

Topics: ScienceGold


Gold is valuable primarily because a lot of people believe it is. Gold's value is a cultural phenomenon. Its price is determined by a complex combination of factors but not necessarily need. Cultures that do not use gold or do not seek it do not value it. Gold is mainly an investment commodity. It is seen as a refuge from shaky currencies during tough economic times.

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Why is gold so valued?

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