🌟Gold, though abundant, holds immense value due to its rarity in terms of extraction costs.
💍Jewelry accounts for almost half of all gold ever mined.
🌍There are efforts to mine gold from the sea floor and outer space.
⚒️Gold mining has environmental and social drawbacks, including pollution and health risks for miners.
🔒Gold is considered a safe haven asset, especially during times of uncertainty.
Why is gold valuable?
—Gold is valuable due to its rarity in terms of extraction costs, its historical use as jewelry, and its role as a store of value.
What are the environmental challenges in gold mining?
—Gold mining can lead to pollution due to the chemicals used, such as cyanide and mercury. It can also cause land scarring and expose workers to health risks.
Is gold truly rare?
—Gold is not rare in terms of abundance on Earth, but it is rare in terms of its high extraction costs and the difficulty of mining it at a large scale.
What are the practical uses of gold?
—Gold is used in various industries, such as dentistry, electronics, medicine, and testing kits.
Why do people invest in gold?
—Gold is often seen as a safe haven asset, meaning it retains its value or even gains value during uncertain economic or geopolitical times.
00:00Gold, a treasure from outer space with a rich history, keeps reinventing itself with the times.
02:21Gold has been a status symbol, a currency, a garnish, and more throughout history.
04:46Gold is found in areas called veins, formed by super hot water deep underground.
07:46Finding placer gold involves searching for areas where rivers slow down, allowing the gold to settle.
09:23Gold mining has environmental and social challenges, including pollution and health risks for miners.
