Gold is expensive primarily due to its inherent scarcity in the earth's crust and its exceptional physical properties like durability and resistance to corrosion.
Gold's high price is rooted in a combination of its limited availability and its desirable characteristics. Unlike more common metals such as copper and silver, gold is much scarcer in the earth's crust, making it inherently more precious. This rarity contributes significantly to its value.
Furthermore, its exceptional durability and resistance to tarnish and corrosion ensure that gold retains its luster and appeal over time. This contrasts sharply with other metals used in coinage or jewelry; unlike silver, which can tarnish, or copper, which can corrode, gold remains relatively unaffected by environmental factors. This enduring quality makes it a reliable store of value and maintains its aesthetic appeal across generations.
In summary, the combination of its natural scarcity and its lasting physical properties contributes to gold's high and stable value compared to other metals.
