• Question: Why does gold cost so much?

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      Asked by Babychonk to Martin, Elizabeth on 17 Mar 2015.
      • Photo: Elizabeth Cooper

        Elizabeth Cooper answered on 17 Mar 2015:


        Gold is expensive as it is relatively rare and is expensive to purify and mine.

      • Photo: Martin Ward

        Martin Ward answered on 17 Mar 2015:


        Yeah, gold is useful for lots of different things this makes it expensive in its own right. Also though you need to dig up A LOT of ground to find just a tiny amount of gold – this means it takes a lot of people and a lot of time to collect lots of gold – this also makes it even more expensive. The amount of gold still sitting in the ground is decreasing too, and when things become rarer, this again makes it even more expensive

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