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ToMistyMountains t1_ja7lfds wrote

Rarity, scarcity and utility; all combined.

  • Gold is relatively rare, you can't just dig a ground and extract gold.
  • You can use Gold for purposes, such as chips, electronic devices etc. These are usually the more advanced and expensive tech, so gold gets a higher point there than other metals.
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Fart-Chewer_6000 t1_ja7nyqp wrote

Lots of metals are rare and have utilization. Historical valuation is the likely culprit. Platinum is far rarer than gold. So is palladium. They both have numerous uses for implementation, yet gold is far more expensive than both.

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