Why does gold has value?

because we say it does goy

Gold is a top-tier conductor.
/thread

I've never been able to wrap my head around this either. It's just shiny.

I can has gold.

> it is hardly used in necessary things
Did you check first? You might want to just check 'practical uses for gold' before making a thread.

Attached: optimus-gold.jpg (300x487, 49K)

Read more Ayn Rand. It's the only substance with intrinsic value, it can't be counterfeited.

Attached: Jim Halpert Shame.jpg (249x249, 5K)

Look at the engine bay of the McLaren F1, one of the fastest cars in the world

It's made of gold

Did they do this just because it looks cool???

Attached: tumblr_nnf71nei9g1rb2fzoo2_1280.jpg (960x682, 125K)

It is heavily used in creating jewelry

argentinians are even more retarded than wikipedia

>Why does gold has value?
Jews like it

>>Why does gold has value?
that was goode

Because it's universally agreed upon that it is valuable. This is why collectibles and classic cars go up and down in value, as their value is constantly in flux

well he's not entirely wrong user. It is used in a ton of applications, but in relatively small amounts.

Gold has sentimental value. Today, it is mostly worthless on a practical level, but for a very long time gold was nearly impossible to counterfeit thus making it a good currency and measure of wealth.

>Implying you can counterfeit any basic element

>it is hardly used in necessary things

This is the stupidest thing I've seen on Jow Forums today, and there was a fucking Mandela effect earlier, so that's quite an achievement.

Durable, portable, divisible, and rare

It's rare, it costs quite a bit in energy and time to extract and refine and that's reflected in its cost.

As to why it got used for money? It doesn't fucking react with anything hardly. You really have to go out of your way to get gold to corrode into anything else. It's easy to work, soft metal and it's rare. It's awfully heavy though, that's its weakness, so it leads to people wanting to stash it in someone else's hands and use anything that lighter to carry around.

>it can't be counterfeited.

Not true, pic related

Attached: Glenn_Seaborg_-_1964.jpg (800x989, 83K)

>chemically inert, non-allergen
>infinitely malleable
>top-tier conductor
>blocks radiation
>is also pretty to look at

>but for a very long time gold was nearly impossible to counterfeit thus making it a good currency and measure of wealth.
Its still impossible to counterfeit.

We basically can't explore space without gold

it's useful in some fine electronics but it's mostly for its jewish value that its so expensive

I have some in places in my stereo because its a good conductor and doesn't oxidize badly.

I bet that phone you're spastically slapping with your fingers, I bet it uses some gold in its circuit traces. Not a lot, but it's there in the really critical circuit paths.

You’re telling me my gold plated HDMI doesn’t deliver 12K resolution? Lies!!!!!

>McClaren F1
>fast
Pick one

because it looks so pretty

uhh its rare as fuck?

I really want to believe this is real because of the flag.

Asshole. Do you know how electronics work? Most chips and circuit boards contain a small amount of gold since it's the ideal metal for electrical connectors. Your phone your computer and pretty much everything down to your clock radio likely has a small amount of gold in the wiring and boards

rarity + conductive properties + Jewelry + hard to extract + will not oxidize + malleable + used in petrol transactions

The last part is the big one. Middle Eastern countries like to be paid in dollars (hence where the term "petrodollar" comes from) but they immediately change those dollars for gold.

1 million $$ in 100 bills would fill a small backpack. or you get a 40kg gold bar (size of carton of smokes).

You can bury the gold bar (wont rot) hide it in a wall (wont burn up if the house catches on fire) and it will probably appreciate more than the dollar (thats to say 20 years from now the value today of that gold bar will be in the value of money 20yrs from now, where as the 1 million will have less purchasing power thanks to inflation).

just saying

Pic related.

Attached: 1506659275747.png (600x702, 235K)

>Not a lot,

There's more gold I a tonne of mobile phones than in the average tonne of gold ore.

Asteroid mining will make gold near worthless.

Attached: asteroidmining.jpg (2970x1890, 638K)

Yeah, we should base our curency on radium. Should be harmless.

should be 25kg bar... was doing the math at 24k

Literally the same reason anything (usd, btc, goods, services, anything) has value.

Attached: 1531141497199.jpg (468x957, 338K)

You didn't think that statement through, did you?

>Why does gold has value?
>It is a rare metal
that literally it, you answered your question

Lmao. I spent 12 years as a precious metals refiner, most of the gold, 99.9% of it, was scrap alloys containing gold, or gold plated products used in various industries. I’ve probably refined 10 tons of it.

>hardly used in necessary things
>doesn't realize the computer he's using to post relies on highly conductive gold

Or Mercury, sweetest of the transition metals.

Attached: file.png (470x351, 234K)

Its still impossible to counterfeit. Alchemy was tried for 1000s of years based on the concept of Au (gold) being one atom off from Pb (lead) which is way more abundant and staggeringly cheap vs. gold

what are you paying on the LME spot right now?

>have 4.5kg of 96% from a mine that owed me money

this

well, you can't cave-in a man's cranium with a stack of $100 bills...

this is probably bait, but let me educate

>gold foil is not pure gold, contains a very small amount, if any at all. this is purely for reflective purposes to keep heat in the engine bay
>gold bar near engine is not gold, it's magnesium painted gold

That would be Silver

Because Charlemagne is made of gold and his Germanic underlings blindly follow him with no thoughts or ambitions of their own.

Speculation. The exact same reason bitcoin has any value and why houses are over priced.

do you brainletts not realize that gold had value for thousands of years before electricity was discovered???
it's also not irreplaceable in electronics it's just preferred because it doesn't tarnish and is easy to mold

It's pretty when it's all polished up

You can if you soak and freeze it.

>gold is worthless
>gold is the best conductor
You are an idiot please never post here again and kys

Thermal paste
Indium/Gold
Indium/gallium/tin compound

>sentimental value
>it was sentiment that protected world economies before rothschild banks brought fiat currency into the mix

your cock is easy to mold, how do you like them apples

Attached: 1514023468072.png (420x420, 9K)

>one atom off
a-user, I....

Attached: oh.jpg (667x593, 242K)

>Firstly, People Value it
>Secondly, Rare

Now Kys

Thanks for the explanation.

Everyone else is saying "it's used in all sorts of things" but they aren't citing anything was used in before the invention of electricity

I guess jewelry but seems silly to base a currency off of shininess

you over the line

Attached: jimmy seinfelds.gif (364x270, 3.06M)

>high liquidity
>extremely durable
>malleable
>hard to falsify
>rare, but not to an extreme
>easy to transport
Gee, I wonder why it makes a perfect currency

Attached: abandon_thread.gif (360x270, 1.63M)

because jews are mesmerized by shiny things.

>just preferred because it doesn't tarnish and is easy to mold
You say that as if any other element has these properties

Just like the EU

Your asshole is easy to mold around my cock faggot

100 years ago you could buy a bread for a golden coin and that is today still possible. The Anunaki needed it as fuel.

Attached: 100gr_rothgold.jpg (519x1024, 296K)

i have much to learn from you, wizard

>Perfect
>Cant be transmitted electronically like bitcoin.
lmao at goldfags.

>one atom off

Attached: bitch1.png (256x256, 106K)

>worldwide power outage
>STUPID GOLDIES! WHERE IS YOUR CURRENCY NO- OH SHIT MY E-WALLET IS RUNNING OUT OF BATTERY!

>Currency that would be disabled by an EMP is better than one that won't
Fuck off back to

>implying aliums don't just bend space and time to get to places
kek

>cryptojews are better
Fuck off kike, I'll rather invest in something worth physical assets

It's hilarious that they pretend btc would fix the (((banker))) problem

This. I'm fucking sick of retards with their

>"HURRR IT JUST SHINY METAL! DURRR DA PIG IRON JUST AS GOOD BUT IT NOT DA SHINY! HURRRR EATING DA BUGS GOT MORE PROTEIN DAN DA BEEF! DURRR COMMUNISM WOULD WORK EVERY TIME IT IT WASN'T FOR DA CIA!"

Retards, you're fucking hindrance. Fuck off.

>what's nuclear engineering

Silver tarnishs and builds resistance over time.

>What is ridiculously expensive

Gold is actually pretty useful. It's easy to melt, easy to stretch and doesn't rust. If gold was an extremely common ore and found abundantly on the earth's surface then we would have made a LOT of shit out of it. Every single civilization would start with small golden things like knife, spear tips, arrow tips, goblets, plates, forks, belt buckles, and so on. It's a soft metal but it's not butter. It's adequate to use for the majority of small metal objects. We use lead a lot of such small objects despite the fact that lead is even softer and also fucking toxic.

Listen to me geniuses of life. I know that it is used in some technological fields, but most of the gold is stored under lock under key. Do not think about the technological uses of today.
Answer this:

WHY DID GOLD HAVE VALUE 300 YEARS AGO, 1000 YEARS AGO, 2000 YEARS AGO?

EE here. It's mostly copper in phones and circuit boards but ok why was it so valued 200 years ago then?

checked and truth, the currency exchange market is controlled by (((them))) cryptojews is an easy way to make them rich while you invest in nothing

>worldwide power outage
The next major war will be limited to the US when you start killing each other over racial differences. Bitcoin will be fine.

>(((WHY DID GOLD HAVE VALUE 300 YEARS AGO, 1000 YEARS AGO, 2000 YEARS AGO?)))
Not sure goy, but all that matters is today

One day innovation will reduce those costs... one day, for now you win this one

Yes I did. Gold ore is mostly not gold. Or did your americunt edumacation tell you that they mine it out of the ground in ingots? Fucking spastic.

What people think it's worth.
Gold has always been pushed by speculators and will continue to be pushed. Old farts with too much money love dropping their savings on Gold.

It was pretty and easy to make into pretty things that people coveted.