Why Gold Is So Expensive

Why Gold Is So Expensive | So Expensive

Рет қаралды 5,965,422

4 жыл бұрын

Editor's note: The estimated amount of gold left in Earth’s crust is 55,000 tons, not 55 tons as the video states. Business Insider regrets the error.
Gold is the shining embodiment of wealth. One ounce can cost up to $1,500. But other metals that are rarer than gold are much cheaper.
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Why Gold Is So Expensive | So Expensive

Пікірлер: 4 700

@HayK47 4 жыл бұрын

I don’t resent anyone who’s rich but someone who eats a steak covered in gold lacks class.

@CSX-rv1ci 4 жыл бұрын

What about mr.beast?

@HayK47 4 жыл бұрын

CSX7888 King .....huh?

@MOX-ch2 4 жыл бұрын

I hear it doesn't even taste like anything.. which makes it all the more worse

@HayK47 4 жыл бұрын

Suni Victor there’s plenty of rich people that I despise or think “how did this clown get rich?” but I don’t resent them for being rich. Gold should be on display, used in products, or in a safe - not pooped out.

@przybyla420 4 жыл бұрын

Very poor taste?

@alynademosthenes3656 4 жыл бұрын

It’s shiny and our ancestors liked it so we just kinda keep rolling with it

@blackham7 4 жыл бұрын

The fed stole all the gold

@hunterfurlong8642 4 жыл бұрын

@@blackham7 They didn't "steal" anything, they acquired all of the gold legally so did the Chinese and Russians.

@Deadbeatcow 4 жыл бұрын

@@hunterfurlong8642 it was legal because they changed the law to allow them to take all the gold

@stephanwilliams4143 4 жыл бұрын

@@hunterfurlong8642 I remember all those commercials where people traded their gold in exchange for paper

@andrevaldez7368 4 жыл бұрын

The annunaki hardwired us to seek gold

@barttfisher Ай бұрын

Analysts at JP Morgan have predicted that Bitcoin (BTC) could fall below $1,260, while banks will not benefit from blockchain for at least three to five years, Reuters reported on Jan. 24. According to Reuters, analysts from the major global investment bank think that the true value of cryptos is still unproven, and that they only make sense in a hypothetical “dystopian” event, wherein investors have lost faith in major traditional assets like gold and the U.S. dollar. The analysts stated in a report: “Even in extreme scenarios such as a recession or financial crises, there are more liquid and less-complicated instruments for transacting, investing and hedging [than cryptocurrencies].”

@HildaBennet Ай бұрын

It's best to seek a manager right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.

@beafoster747 Ай бұрын

I agree, that's the more reason I prefer my day to day investment decisions being guided by an asset manager, seeing that their entire skill set is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using an investment-coach for over 2years+ and I've netted over “$900K”.

@PennyBergeron-os4ch Ай бұрын

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

@beafoster747 Ай бұрын

’Sonya lee Mitchell’ is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@Movie_Games 2 жыл бұрын

Knowing this it seems like a huge waste to use gold on jewelry.

@onaisarehmani2884 2 жыл бұрын

Where else should it be used. ?

@mira55x-planetnalzena15 2 жыл бұрын

I hardly care much about jewellery honestly

@LevSeven_ 2 жыл бұрын

@@onaisarehmani2884 technology

@ducminh7568 2 жыл бұрын

@@onaisarehmani2884 you didn't watch the video ???

@TheBooban 2 жыл бұрын

@@LevSeven_ well, if its so valuable for technology be prepared to pay for my cold chain when the mines run out.

@sergiorr90 4 жыл бұрын

Earth: Gold is very rare. Rich people: Let's eat gold because LoLs

@techforever1970 4 жыл бұрын

They even shit it out as-is. No nutritional value. Id search their poop and call it “mining”.

@itsfinnickbitch63 4 жыл бұрын

you don’t have to be rich. a bakery near me makes gold plated cakes that cost around 20$, sure might be expensive for a small piece of cake but it’s a very interesting experience

@maythesciencebewithyou 4 жыл бұрын

@@techforever1970 Sewage has a higher concentration of gold than most gold mines nowadays, I'm not even joking.

@marcusm5127 4 жыл бұрын

It's very thin. I have a roll och gold but it's mostly paper and it's not worth much.

@user-yn7bz5mn5g 4 жыл бұрын

They are coming up with ways to flush money down the toilet.

@yegorme5394 3 жыл бұрын

Gold: I'm a useful mineral used in electronics and even power cables because I'm an awesome conductor! Humans: imma eat you

@itssaad8663 3 жыл бұрын

Gold:🤡

@Blue-pk4ny 3 жыл бұрын

Gold: A heavenly interdimensional metal which is a unique electric conductor for circuits and cable wires and a historical standard for economy Humans: Imma wear you

@Blue-pk4ny 3 жыл бұрын

@@reyabaolumiguejr9863 Guess which material is used throughout lithium batteries.....Gold! It might not be superior to copper but It is just as important.

@christopherbonanno1120 3 жыл бұрын

Then drive a train. Lol 😂

@EthanRain2009 3 жыл бұрын

lol

@christianaemilio1 9 ай бұрын

People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.

@williamculligan 9 ай бұрын

I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are very crucial.

@c.moeller 9 ай бұрын

That is why I work with John Desmond Heppolette, who introduced me to a better financial community, an established organization where I learned how investing works and how to make the right choice of investment, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..

@Layanalisa 9 ай бұрын

I just discovered his exceptional resume when I made a google research of his full names online. Base on his online resume, he appears knowledgeable and well accredited! Thanks so much for the information..

@luis-gabriel1 9 ай бұрын

Investing in gold, silver, digital currencies, real estate and stocks is a good idea, a good investing system would put you through many years of success.

@jedcasillas5171 6 ай бұрын

Thanks ChatGPT

@elvismark5172 Жыл бұрын

At the beginning of the year, I have continued to purchase a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.

@thomaslewis514 Жыл бұрын

If the market has taught me anything, it's that it typically makes a comeback, but I can't seem to focus on the long term, particularly because crucial factors like my retirement and my reserve are having a devastating influence on inflation. As soon as is practical, I need a solution and a data trajectory that I can trust.

@alexanderjames3043 Жыл бұрын

Not because you're doing anything wrong, but because you lack the understanding necessary to prosper in a bad market. As they will have experienced the 2008 financial crisis, it is advisable to seek out a financial advisor who has generated a sizeable profit through difficult times like these

@waynestones Жыл бұрын

@@alexanderjames3043 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

@alexanderjames3043 Жыл бұрын

@@waynestones Yeah, I have total faith in a financial advisor who is certified by the US SEC. In fact, I'm not sure whether I'm allowed to disclose this, but I'd suggest checking up "sharon lee casey" because she was a huge issue in 2020. She is my mentor in addition to managing my investments.

@AnthonyHart34 Жыл бұрын

@@alexanderjames3043 She has excellent credentials and an outstanding occupation. Hence, I swiftly copied Sharon's whole name and typed it into my browser. I'm curious to discover why she is so busy, and despite the fact that she has unquestionably good credentials, I nevertheless schedule a meeting with her.

@KGDHMF 4 жыл бұрын

“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves.” - Norm Franz

@sorinbunea471 4 жыл бұрын

I just find myself wasn't sure , thanks

@iron1975 4 жыл бұрын

I like silver more than gold actually

@HaXD1209 3 жыл бұрын

Univer students: Guess I am a slave

@augustinefaithdefender 3 жыл бұрын

I dont have any debt, I am happy to be a peasant 😂

@anabonet533 3 жыл бұрын

It is impossible to return to the Gold Standard. See this video: kzfaq.info/get/bejne/n897pZCalZiWnY0.html

@MrFat1337 4 жыл бұрын

Short Answer: It's expensive because its gold.

@EslamAbdo1919 4 жыл бұрын

expensive because people want it. that's where product price come from .. demand .. and of course add greedy capitalism. if people, for example, started to love silver and decided that it's more desirable, its price will skyrocket

@93rjose 4 жыл бұрын

Eslam Abdo no it’s just more rare

@EslamAbdo1919 4 жыл бұрын

@@93rjose that's true, it's relatively rare and takes part in gold pricing. but a big chunk of the price still comes from the demand

@EslamAbdo1919 4 жыл бұрын

@Rolman80 80 greed is as old as humans. Capitalism is a manifestation of greed in our modern society.

@ainzooalgown7589 4 жыл бұрын

But still cheaper than PRINTER CARTRIDGES

@Delta11C1 Жыл бұрын

Note for the editor: Watch main plates are made of brass generally, not gold. If they aren't brass then it is made of a harder metal usually to prevent flexing on a super thin movement which would affect the way gears engage. I only say this because the beginning explanation of gold is over video showing a watchmaker doing perlage on a brass main plate. Probably only watchmakers will notice, but just wanted throw a little knowledge out there in case it actually mattered to anyone.

@parkeerdarkeer 2 жыл бұрын

Bro gold is out here being one of the most useful materials on the planet but people really only care that its shiny

@randylahey2242 2 жыл бұрын

no they care because its rare and is an extremely safe investment

@ministerofchlorine9090 2 жыл бұрын

and also edible which literally taste nothing ;-;

@NazriB Жыл бұрын

Lies again? Sexual Favors

@chrisbuckley1785 Жыл бұрын

@@randylahey2242 This is it. The fact that it's shiny and can be made in to "pretty" jewelry is just an added bonus.

@AdamJensen_ Жыл бұрын

@Parker Darker No, people care because it's rare and useful, child. Did you even watch the video? Smh

@NotTheFBI_OFFICIAL 4 жыл бұрын

Q: Why is gold so expensive? A: Because its not cheap.

@touchofthorn1841 4 жыл бұрын

Thanks FBI for that information

@tenderandmoist5011 4 жыл бұрын

Thank you Mr.FBI Very cul

@TheAilmam 4 жыл бұрын

Go home fbi, youre drunk

@phamdunk3345 4 жыл бұрын

“Every 60 seconds in Africa, a minute pass”

@divyagulwani2710 4 жыл бұрын

@@phamdunk3345 thanks 4ur infotmation

@MrFrozenDivine 4 жыл бұрын

Gold is money, everything else is credit. - J.P Morgan

@piersmartin9140 4 жыл бұрын

Exactly

@MissAliviaKE 4 жыл бұрын

Justin Trudeau gold available for sale

@TheJuanito1123 3 жыл бұрын

@Justin Trudeau everthing scares is expensive thats how our economy works.. and thats why we have hoarders

@pathfinder9071 3 жыл бұрын

Justin Trudeau diamonds no silver yes

@thomas_tk330 3 жыл бұрын

Floor is floor - Buzz Lightyear

@notgian_ 3 жыл бұрын

We tried the gold steak once, the gold just make it less appealing. Try to imagine eating steak with very soft foil

@glitchedrobot4670 2 жыл бұрын

Eww

@user-ou5jm4mo4c 2 жыл бұрын

𝒉𝒐𝒘 𝒊𝒕 𝒄𝒐𝒔𝒕

@notgian_ 2 жыл бұрын

@@glitchedrobot4670 yeah it was gross, the steak was good but the foil is just so unessecary and it made everything worse

@notgian_ 2 жыл бұрын

@@user-ou5jm4mo4c idrk, it was my parents who ordered it since it was their mining company's 10th year anniversary, and yeah the gold was from them-

@BUILT2KEEL Жыл бұрын

Scrape it off an put it in your pocket 😄

@JonatasAdoM 2 жыл бұрын

Imagine being part of the last generation in history that still could dig gold from the soil.

@user-nc4cx4gw2z 2 жыл бұрын

Hello there! 👋

@L0nel13 3 жыл бұрын

"Gold is very hard to mine" This is why should enchant your pickaxe with efficiency

@Nahte5 3 жыл бұрын

*d u h*

@Anonymous-nj6of 3 жыл бұрын

@@Nahte5 ur profile pic tho 😶

@Blue-pk4ny 3 жыл бұрын

Or go to a Badlands biome where there's gold galore!

@farahmorsy3628 3 жыл бұрын

E x a c t l y

@Kaiju99 3 жыл бұрын

This comment is funny

@d3vilmaycry25 3 жыл бұрын

I could never describe the contempt I hold to that “Genius” who thought the idea to put gold in food. It is an insult to the element.

@henrysukati2889 3 жыл бұрын

Someone finally said it

@vojacked305 3 жыл бұрын

What's better than being able to eat gold? Being able to shit gold 😎

@origamiskies 3 жыл бұрын

I agree with this sentiment 100%. A rare and uniquely-colored metal...and it's being used as a tasteless decoration on food. Disgusting.

@dhruvavikas1632 3 жыл бұрын

the only use of it is that youtubers pull in millions of views by stupid people by eating it

@LuxAudio389 3 жыл бұрын

Tell me where they live and I will do the dirty work of cleaing their toilets 😉 no need to flush. I got this 🤣

@zed.i9033 2 жыл бұрын

That guy : Gold is a perfect conductor of electricity Silver and Cu : are we a joke to you??

@yourboyfriend9480 2 жыл бұрын

silver and cu is good but not as good as gold

@vianneyneba5856 2 жыл бұрын

Platinum is even better

@user-em8fq2ev4b 2 жыл бұрын

@@yourboyfriend9480 erm...if we are talking about conductivity silver is more conductive than gold

@user-em8fq2ev4b 2 жыл бұрын

@@vianneyneba5856 In terms of conductivity...no. Not even close.

@andrewd5135 2 жыл бұрын

@@user-em8fq2ev4b they use gold because it doesn't oxidize

@navasvicent9730 3 жыл бұрын

Please where can I buy a gold

@sarahcobbs7242 3 жыл бұрын

You can get it from anderson jewelries

@lindanavas148 3 жыл бұрын

really you know him. I thought am the only one that got gold from anderson jewelries

@stellawilliam4373 3 жыл бұрын

I got gold at a cheaper rate from Anderson gold jewelries.

@mariahenry4026 3 жыл бұрын

If every body is like Anderson gold jewelries they could have trust most people in jewelries wear. Anderson jewelries is trust worthy

@godfreypaul5957 3 жыл бұрын

I got one kilogram worst over $57,939,13 last week

@heshamhassaan4414 4 жыл бұрын

the video didn't answer why more rare metals are alot less expensive than gold...

@ballistaguard9772 4 жыл бұрын

It absolutely did.

@Deathmastertx 4 жыл бұрын

Less demand.

@WaffleSauze 4 жыл бұрын

none are as useful as gold.. think conductivity.. electronics.. dentures.. etc..

@Yggdrasilkuru 4 жыл бұрын

Cr_hazy platinum is way better then gold In conductivity

@GurdeepSingh-ir2de 4 жыл бұрын

Hesham Hassaan 1:13

@DreadNawght 3 жыл бұрын

"Can we have another bottle of mercury please, this gold steak made me thirsty"

@dhruvavikas1632 3 жыл бұрын

@@sijdnsd6460 well mummys arent real too

@iwillstealbradyandlockhimi3523 2 жыл бұрын

@@dhruvavikas1632 Wait you seriously think mummies aren’t real?

@dhruvavikas1632 2 жыл бұрын

@@iwillstealbradyandlockhimi3523 i mean mummies that are shown in movies the ones with bandages all around and walking with their arms forward

@iwillstealbradyandlockhimi3523 2 жыл бұрын

@@dhruvavikas1632 oh ok it sounded like you meant that the dead mummies weren’t real

@MasterMayhem78 2 жыл бұрын

Funny thing is, Mercury can be transmuted into gold.

@shivbhaktsanatani23 2 жыл бұрын

50% share in jewellery because it is investment for middle class and upper class people. Although they charge making charges which costs more.

@christopherpaul5 Күн бұрын

Banks are buying gold and other Precious Metals because of they have remained stable or appreciated in this shambolic times with these banks collapsing, META down 40k, ALLP down 35k, Draft Kings down 6k, NIO down 15K, ABML down 8k, and my wife doesn’t know. I'm just hanging on to Jim Cramer's words about opportunities in volatile times so perhaps, I either wait for a recovery or pick profitable investments to substitute for my loss.

@MarkGrimm8 Күн бұрын

The Collapse of Some Banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?

@ScottArmstrong12 Күн бұрын

There are quite frankly a number of ways to make high yields amidst volatile times, but such trades are best done under the supervision of a portfolio-coach

@KevinClarke9 Күн бұрын

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

@MarkGrimm8 Күн бұрын

My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

@KevinClarke9 Күн бұрын

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@Emerald29 3 жыл бұрын

I heard Gold tastes basically nothing, so rich people are actually just wasting gold just for the lols....

@stalinsmum6475 3 жыл бұрын

yeah and we like it that way

@stalinsmum6475 3 жыл бұрын

Madhav Ignihir you don’t have to believe, belief is good for religions, they offer you no evidence, they just tell you to feel it in your heart and stuff like that, reality doesn’t ask for believing, it is not questionable.

@stalinsmum6475 3 жыл бұрын

Madhav Ignihir I shall, If you were part of aristocracy, you wouldn’t even try to underestimate me.

@justinm16 3 жыл бұрын

did you think gold would taste flavorful?

@stalinsmum6475 3 жыл бұрын

Justin Maish Well, it has a nice feel normally but gold leafs have no taste... Maybe it was a small dose, I’ll try a small pearl made of gold maybe it has some taste.

@rapaladude 4 жыл бұрын

Geologist actually estimate that there’s just as much gold left in the ground as has been mined.

@rubenscott3972 4 жыл бұрын

There is much more gold just like oil and natural gas diamonds but you can’t allow it the world will be destroyed if that happen

@aersn4locs 4 жыл бұрын

Nah all the current gold extracted from earth only equates to about 20 meters all around so there's not that much

@xxgoldmoney 4 жыл бұрын

A one dimensional unit doesn’t make sense. Also a 2 dimensional unit (area) wouldnt make sense either. U sure ur not meaning 20m^3 (volume)

@stevenbrown3783 4 жыл бұрын

There is way more gold then theses idiots tell us we can only dig so far in the earth if we can go deeper they will find a lot more then they r telling us and as for only 20 years left of gold on earth come on guys we r not that stupid.

@johnsmith-wx5fb 4 жыл бұрын

They dont know anything regards the true amount to be got hold of. Its speculation5

@dios.otherson7381 3 жыл бұрын

I NEEDED THIS, I NEEDED THIS I HAVE BEEN BLESSED!

@binaryinvestment.1616 2 жыл бұрын

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

@binaryinvestment.1616 2 жыл бұрын

Assets that can make one successful in life

@binaryinvestment.1616 2 жыл бұрын

I.Crypto 2.Stocks 3.Shores

@natashathewwills2132 2 жыл бұрын

It's not ignorance but unprofessional broker in the market....

@natashathewwills2132 2 жыл бұрын

Investing in cryptocurrency now will be the best thing to do especially with the current rise in the market....

@natashathewwills2132 2 жыл бұрын

people are really making a lot of money from it..

@Log1cTech 4 жыл бұрын

It’s rare It’s real It’s difficult/expensive to get It’s useful It’s beautiful

@paqua13yearsago6 4 жыл бұрын

My mother have a pair of gold earrings. My Family have a collection of gold necklaces. xD Even though it’s very expensive, we bought it anyway. :p Gold is very heavy btw.

@elliotlewis9333 3 жыл бұрын

@SAA that was collected over literally hundreds or even thousands of years. There's lot's of gold available only because it actively seeked out to be mined.

@Izya_Rabinovich 3 жыл бұрын

do you speak about white people ?

@masterdementer 3 жыл бұрын

It's G-O-L-D

@The-Battle-Brother Жыл бұрын

LogicTech That just about sums it up, yes.

@ringeldingel4445 4 жыл бұрын

“They send it back to the universe, where it came from.” Bruh the earth is also in the universe

@ExtremeMadnessX 4 жыл бұрын

Gold came on Earth in same way as others elements, and yeah, why people still talk about Earth as it's not part of the universe?

@Darling-su3ci 4 жыл бұрын

Extreme Madness I think people talk this way because yes we are part of the universe but the vast majority of the universe I beyond the possibility of human interaction with it even with the most crazy future technology. So people tend to differentiate between us and it. It’s like being on an island being unable to swim but seeing land but knowing you’ll never get there so you just start thinking of it as separate from you.

@polarbear367 3 жыл бұрын

Ikr

@itanongmokayboyd.letmeeduc1969 3 жыл бұрын

gold a mineral came from earth while uranium and plotonium a mineral outside earth, carried by an astoroid drops to earth. it was a prime ingridient for making nuclear war head, 179,600 tons gold came from ophir and 124,000 ton used as monetary unit, distributed in 155 nation including 40,000 ton for US dollar as standard monetary unit in world market. 55,000 ton still burried and the bulk of it is iin the philippines. and the philippines is the ophir.

@sunnyjoy229 3 жыл бұрын

They are covertly saying that Earth was created by God😏

@shoryukenpower Жыл бұрын

I love... gooooooooold! The look of it, the taste of it, the smell of it, the texture!

@AdamNZ 3 жыл бұрын

Fun fact: The first Egyptian king Psusennes commonly known as the silver pharaoh had a silver sarcophagus which was at the time extremely more expensive than gold. Gold was abundant and silver was scarce commanding more price.

@IraJavier 4 жыл бұрын

When people eat the gold, do they dig it out of their feces after? Asking for a friend.

@KevinSciancalepore 3 жыл бұрын

Makes my dookie twinkle

@robertoh.20 3 жыл бұрын

they eat about $0.06 worth of gold, would you dig through your shit for 6 cents?

@JB-zo7ln 3 жыл бұрын

Yes. You should eat gold just so you play with your feces afterwards. It's a very sane and normal behavior.

@kassiep 3 жыл бұрын

I've eaten gold just for the hell of trying it and seeing what it tastes like, don't the same for diamonds too lol. I'm not rich, just got curious enough to save and buy enough to eat it afew times. Has no taste really. Yes we just shit it out and don't look back lol

@diabolivirtusen-tavares-ea4645 3 жыл бұрын

🤣😂🤤

@PAO_WAO 4 жыл бұрын

They realize the car wrap they showed isn't made of gold right?

@kasperpoplawski7343 4 жыл бұрын

Pierre-Emerick Aubameyang

@shmokealot778 4 жыл бұрын

its just a wrap imagine how heavy that car would be

@shmokealot778 4 жыл бұрын

forever0042000 nope

@rey4243 4 жыл бұрын

@forever0042000 yes , it's owned by the prince of dubai , I guess

@rey4243 4 жыл бұрын

@@shmokealot778 I live in dubai and I know it's owned by the royal family

@TRUTHDrops Жыл бұрын

This is by far one of the funniest videos I have ever watched. 3.9 billion years ago. I'm still rolling in stitches.... almost peed myself.

@Horazmshoh 3 жыл бұрын

He was supposed to say 55 thousand tons not 55 tons left to mine.

@Iburn247 4 жыл бұрын

You know who made the most consistent money during the gold rush? The ones selling the shovels and the maps

@imho2278 2 жыл бұрын

And the bars, and the women.

@ALCRAN2010 2 жыл бұрын

@@imho2278 , yeah, the Trumps.

@sleekoduck 2 жыл бұрын

And the blue jeans.

@yourboyfriend9480 2 жыл бұрын

no, the gold hunter make more the one selling map and shovel is only like broker

@samsonsoturian6013 2 жыл бұрын

Not maps, those were expensive. But anything that wasn't locally available including food.

@fluzznation5262 3 жыл бұрын

Dude the cars in “gold” are not even real gold its just a wrap

@goreandhoodies3626 3 жыл бұрын

Ya because gold is too soft

@jamiehughes5573 3 жыл бұрын

The gold could be scratched off

@joeydelmarco9879 3 жыл бұрын

People would chip some off if it was real😂💀

@ILovePancakes24 3 жыл бұрын

Gold plated car

@BaderHashmeh 3 жыл бұрын

I cant be the only one who thought it was real gold

@vice.nor.virtue 2 жыл бұрын

Could you imagine going for a stroll one day and discovering a 17lb gold nugget just chilling in some gravel?

@johnvarricchio6856 2 жыл бұрын

Brilliant ..Thanks 👏🏻🙏

@BlXCK0UT 4 жыл бұрын

Business insider: gold is very expensive Minecraft: hold my milk.

@CRNCHY 3 жыл бұрын

At least we can craft golden apples tho

@tentilol 3 жыл бұрын

terraria: bar of gold only makes a few silver coin leleleleleleleleleleleleleleleleelelelelelleleleleeleleleleleleleelleleleleleleleleleelleleleleleleelellelel

@Blue-pk4ny 3 жыл бұрын

@@CRNCHY And I your a genius we could craft powered rails

@theasiandoc 4 жыл бұрын

Business Insider’s way of telling the masses to invest in gold??? 🤔

@MonarchPoolPlaster 4 жыл бұрын

Precious metals are mostly just a hedge against inflation.

@Chironex_Fleckeri 4 жыл бұрын

@Dr.Science This is an astonishingly ignorant statement. Gold is pretty much a hedge against your own economy. You're literally betting against your currency/financial system. Gold is not a good investment unless you expect all other financial instruments to be worthless in the near future. Buying gold is just a diversified savings account, unless the world economy collapses. Read this: From 1972 through 2013, common stocks returned 14.68 percent in falling rate environments while gold futures returned 7.85 percent. In rising rate environments, stocks returned 8.47 percent while gold only returned 4.86 percent. When rates were flat, stocks provided a gain of 10.61 percent and gold returned 8.61 percent. Paper currency is foolish to hold, but you're clearly not well off you think gold is in itself an investment. Educate yourself. Stop upvoting this shit.

@Chironex_Fleckeri 4 жыл бұрын

@KKDominate - Rocket League From 1972 through 2013, common stocks returned 14.68 percent in falling rate environments while gold futures returned 7.85 percent. In rising rate environments, stocks returned 8.47 percent while gold only returned 4.86 percent. When rates were flat, stocks provided a gain of 10.61 percent and gold returned 8.61 percent. 1972 is the year our currency became fiat. You gold investors (I doubt you own any substantial assets at all) have no room to talk. It underperforms in every market condition imaginable.

@Chironex_Fleckeri 4 жыл бұрын

@Dr.Science youre a child professing investment advice on KZfaq. Look at you, you watch video game cartoons. I've worked in corporate finance for 7 years and I have an MBA, CPA, and CMA. Stay in school

@IonorReasSpamGenerator 4 жыл бұрын

@Dr.Science Proliferation of carbon-based superconductors can reduce demand thus the price of the gold in the same fashion as the proliferation of electric cars in the following decades can reduce demand and thus cost of oil, how these things affect the economic variables like petrodollar is yet to be seen, but stocking gold to provide for future of your children may be less sensible than diversified investment in houses, stocks etc. which value is more likely to grow in the future if chosen well compared to gold...

@timscoviac 3 жыл бұрын

It makes for a great physical currency because of the fact it’s rare, but not to rare like some other metals, so there is still enough to go around and be used, liquidated. Other metals are too rare and there’s barely enough to go around. And some metals aren’t stable and very reactive. Gold is a stable, very eye appealing, rare metal. And metals are the best choice for currency because they last the longest. Silver is a great currency too because it’s rare, not as rare but rare compared to a lot of materials and most other metals. Has even more industrial uses, is eye appealing, and also is malleable like gold. Silver does tarnish but is easily cleaned

@cashi4225 2 жыл бұрын

Thank you. It is very informative

@shashank1082 4 жыл бұрын

I Love Gold because: * It looks Great. * Its Rare. * It's Practically Impossible to Corrode or Rust. * It's Gold.

@TeluguBullionaire 4 жыл бұрын

kzfaq.info/get/bejne/o6iHfa2hzJ6ag5s.html

@stephenriley971 4 жыл бұрын

*And the Government can't print it!

@emmasandstone4754 4 жыл бұрын

and it’s hypoallergenic

@marymaynor3345 4 жыл бұрын

@@stephenriley971 the government has been printing gold coins for year's. I think you ment that the government can't make gold I mean not true 100% real gold. But given time just like diamond's it just may be possible.

@devoncampny9328 4 жыл бұрын

Emma Sandstone not to mention completely gluten and GMO free

@januzairamli4426 4 жыл бұрын

"Beef steak" The snow is now snowier

@thatsnodildo1974 4 жыл бұрын

I mean there is salmon steak

@Fishlipsandbabyhands 4 жыл бұрын

And steak steak

@coreytaylor447 4 жыл бұрын

you can make a steak out of any slab of meat, it might be called something different but it would still be a steak

@Fishlipsandbabyhands 4 жыл бұрын

Before anyone says anything water is not wet so don’t say that shit

@ahmadmansour3750 4 жыл бұрын

And water is wet

@ashaikh8204 3 жыл бұрын

Nice video Thanks for sharing such knowledge about gold

@juliejulian2683 Жыл бұрын

well if you think gold is expensive now,just wait until next year!

@codycast 4 жыл бұрын

Uh because gold has been used as “money” for most of human history and it takes a lot of human labor and capital to recover

@rubenscott3972 4 жыл бұрын

There is more gold than you think just like diamonds and oil natural gas every few years somehow we find untapped resources but you can’t allow ppl to know or it will lower its cost

@mbahmarijan789 4 жыл бұрын

Recover what?

@salamahmed3996 4 жыл бұрын

And that is why: China , Italy , U.K. , U.S.A. , Russia , France. are keep piling up the Gold. They are preparing for greatest economic crash ever.

@Fusiongearz 4 жыл бұрын

What are you doing making a comment? Go on over to Business Insider's offices and demand they give you a job. Clearly, you are very well versed on gold so you should of done the video. Plus, I'm sure they won't mind paying you in gold either. It's a win-win situation. Better videos from an expert such as yourself and more educated people on the internet. We clearly need more of those around here don't we?

@williamwilson6499 4 жыл бұрын

@@Fusiongearz Should of?

@EnoI539 3 жыл бұрын

Wait so he just found 17 pounds of gold in his yard.

@veryryan9771 3 жыл бұрын

it just be like that sometimes

@xasharchangel4445 3 жыл бұрын

@@veryryan9771 lol that’s an answer i would give

@Anonymous-nj6of 3 жыл бұрын

@Random eurasians dude s A M E

@rainyoctober4683 3 жыл бұрын

Their estimate is a bit off, they calculated the value of that 17 pound nugget purely in weight. Solid gold nuggets especially of that size are rarely smelted down, they are worth waaaaay more as a solid piece. Couple of mil easy, but yes at spot price (todays price per ounce) about $400k

@elliothammer2083 Жыл бұрын

YOU WORK FOR 40YRS TO HAVE $1M IN YOUR RETIREMENT, MEANWHILE SOME PEOPLE ARE PUTTING JUST $10K IN A MEME COIN FOR JUST FEW MONTHS AND NOW THEY ARE MULTIMILLIONAIRES.......

@Salisuadam7050 Жыл бұрын

Well😊 when we talk about investment, I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend Carol Brewster

@chrisholdgate7074 Жыл бұрын

Wtf, y'all know Carol Brewster too wow, she’s really a good trader, she’s my account manager as well.

@samolsen92 2 жыл бұрын

It's actually up to 1800 an ounce, courteous of the banks in forex and Commodities.

@DanCooper404 17 күн бұрын

$2,400

@patrickt873 4 жыл бұрын

Gold is real money. Everything else is credit

@blixx87 4 жыл бұрын

You must be above 50 years old. Millennials don’t care about shiny cute rocks

@topg2820 4 жыл бұрын

@@blixx87 you must be above 35yro, zoomers aren't as dumb as millennials and love Gold

@Aschraffff 4 жыл бұрын

Why would gold be considered currency and not any other mineral or material? The gold standard era is long over.

@hmmm3210 4 жыл бұрын

@@Aschraffff fok off

@todaystomorrow4474 4 жыл бұрын

@Aschraffff curious that central banks all over the globe are currently committed to acquiring more gold than ever

@nyx8385 3 жыл бұрын

Just build a zombie pigman farm you have gold for DAYS!!

@benwalter4842 2 жыл бұрын

Yep true 👍

@yamnayaseed356 Жыл бұрын

The fact that it came from space as a result of a planetary collision makes it x10 cooler than it already was

@kami3147 Жыл бұрын

It's valid everycentury and nowaday it is still popular among the people. Gold has pretty much always been used by humanity to store wealth. It’s rare, it’s stable, it’s shiny and glamorous, it’s malleable, meaning it can be easily made into things like crowns. Sure, metals like osmium and uranium may be much rarer, but they don’t have the glamour of gold, plus they are rare to a point that they have little demand compared to gold.

@cpK054L Жыл бұрын

That's the key word "Stores" wealth, not "Builds" wealth. that's why it's not an investment, it's a hedge. All these "investors" getting mad about it "losing value" should just sell it at a loss, there are plenty of buyers willing to take it off their hands.

@jm309767 4 жыл бұрын

"Beautiful design on it; and that, [it] adds a degree of emotion to it." Spoken likea true salesman.

@SARYM911 4 жыл бұрын

"A diamond is forever"

@leaderunith4l324 3 жыл бұрын

‘Gold could become even more expensive’ Not when asteroid mining becomes a thing

@soggybiscuitz5985 3 жыл бұрын

oh well. just gotta wait 300 more years

@potatoman8468 3 жыл бұрын

@@soggybiscuitz5985 nah, this is 2020. Everyone will die by 2021. Big chances of asteroid hitting earth.

@senatorcatotheelder7530 3 жыл бұрын

A smart German scientist explain that we can start asteroid mining now. He explain that an rocket escape gravity by using fuel then use electrical fuel to go to an asteroid and grab it and then throw it to the orbit of earth.

@CelonixCleaningServicesLLC 3 жыл бұрын

Ummm first of all, asteroid mining is not a thing (it’s most likely a scam. Let’s pretend asteroid mining was a thing... do you have any idea how f*cking expensive it would be to mine gold? The price of gold would be over $100,000.00 per ounce bare minimum.

@leaderunith4l324 3 жыл бұрын

@@CelonixCleaningServicesLLC Keyword: *When*

@real_Pinoy Жыл бұрын

Gold has always been luxurious ever since The Ancient Egyptians

@s.fakira4039 2 жыл бұрын

Your research are magnificent

@cactodagod9236 4 жыл бұрын

Au: best conductor Ag: Offended

@AaronJoshuaDuran 4 жыл бұрын

why gold? because it remains conductive for a longer time

@aaebsssb9914 4 жыл бұрын

Superconductors are better

@writwits5826 4 жыл бұрын

aapeli123 Yeah but then it’s not a single element

@ReinaldoMichael 4 жыл бұрын

$1500 gold is expensive... * Laughing in $1.5 Trillion deficit *

@novael6582 4 жыл бұрын

Fun fact : Indian housewives hold 11% of the world's gold. That is more than the reserves of the USA, the IMF, Switzerland, and Germany put together. Source : internet

@LegendNinja41 4 жыл бұрын

@@novael6582 At first glance that seems an interesting fact but at the second look, maybe not so much since India has 1.4 billion people, so wives maybe make up 300-500 million people and the gold they got probably stems from other family members, fathers, mothers, their men who gifted it to them etc.

@wheneggsdrop1701 4 жыл бұрын

@Igs We do no more gold standard tho But we have a reserve tho.

@scinary7052 4 жыл бұрын

@Igs The US has the largest gold reserve in the world.

@ArnhemAntiques 4 жыл бұрын

@@scinary7052 You mean the federal reserve...thats a private company.

@trailguy 2 ай бұрын

Only 100 years ago, mines were rated according to how many ounces of gold are in the average ton of ore, 30 years ago, it was typical to seek 20-30 grams (2/3 to 1 ounce) and now they hope for 5 but settle for 2.

@remonmicheal8753 2 ай бұрын

Thank you for the good video

@adamb6791 4 жыл бұрын

I think so expensive is running out of ideas

@yi-vanstudenov464 4 жыл бұрын

5 months later: why money is so expensive.

@gamer64games15 4 жыл бұрын

@@yi-vanstudenov464 XD

@cosmicblox5946 3 жыл бұрын

"Gold could be rarer in the near future" Elon Musk: Laugh's in asteroid mining investments

@xy69161 3 жыл бұрын

just not gonna happen though, that asteroid psyche 16 is light years away from earth and its possible - not confirmed that its just full of gold, nobody is gonna spend that much fiat to mine it all especially when you bring it back youre gonna crash the gold market and itll be worthless anyway even if you did

@cosmicblox5946 3 жыл бұрын

@@xy69161 you have a point but I was trying to say that Elon Musk could have plans to mine gold in space in a few decades

@daniellu1321 3 жыл бұрын

@@xy69161 well tbf, gold being worthless because of an excess is relatively a great thing because then it could become a comodity among the middle class

@AugmentedGravity 3 жыл бұрын

@@xy69161 thats one spesific asteroid... there are litteraly endless ammounts of them in not just the universe, but even our own cosmic backyard.

@Loading-lg6hs 3 жыл бұрын

@@AugmentedGravity The gold retrieved from them would likely be more expensive because of the cost it would take to not only mine them from the asteroid, but also carry them back however many millions of miles back to Earth

@alberteinsteinthejew 4 ай бұрын

Still waiting for someone somewhere out there came up with synthetic metal that is as useful as gold

@Cyberbyte_010 2 жыл бұрын

and this is why i think the idea of asteroid mining, although science fiction, may be an important key for the future

@androsp9105 4 жыл бұрын

The expert looks exactly like what i'd expect a gold expert to look like.

@birb3669 3 жыл бұрын

people in the Chinese empire: *Suicide from swallowing gold bars People in the modern era: *eats gold for fun Oh how we've evolved

@postblitz 3 жыл бұрын

\*rummage through rich person's feces\* I'm rich!

@birb3669 3 жыл бұрын

@@postblitz oh god lol

@MargaritaMagdalena 2 жыл бұрын

Edible gold has been a thing since the ancient Egyptians. It's not something modern.

@GoCanucks2011 2 жыл бұрын

In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.

@LFTRnow 3 ай бұрын

@2:49, that 14 lb was 248 troy oz, which at today's $2k/troy oz is about $1/2 million ($500k) in gold.

@sherinsamuel8125 4 жыл бұрын

As an Indian nothing can get me away from gold jewelry!!! I

@monke155 3 жыл бұрын

Why Gold is so expensive ? Me: BECAUSE GOLD IS GOLD!

@NoName-hi7qo 3 жыл бұрын

YUP 😏

@Space_and_history 3 жыл бұрын

Gotcha gustefly funda

@irybfjbch1497 3 жыл бұрын

Gold became less once they used it On computers and space missions.

@sten260 2 жыл бұрын

because gold is one of the best things you can own to protect your wealth, everything else that people own can become worthless (stocks, bonds, dollars etc)

@MargaritaMagdalena 2 жыл бұрын

Gold is beautiful and rare, and we now know it comes from space. That's amazing. I love gold.

@Nomenius1 Жыл бұрын

The coinage acts didnt set a price for gold denominated in US Dollars. They defined the US Dollar as a weight of gold, silver, and initially copper.

@user-ny9zs9zh9m 2 жыл бұрын

I'm a divided investor, my wife and I have invested in the S&P500, both through my T&P with the government and through fidelity in her 401-k. Cashed out 270k from the S&P and invested with a full service broker... Until about 3years ago we were 100%in the S&P after over 30years. I'm retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 1.7 million in out tex deferred savings.

@user-ny9zs9zh9m 2 жыл бұрын

@Jésús Bonilla Mrs Juliet Thompson helps me out with my trade

@Mariana-fp2sf 2 жыл бұрын

An everyday millionaire well done

@larkdavis1358 2 жыл бұрын

That's craz y any advice for someone who's 18!

@franklinmartial2296 2 жыл бұрын

📥📥📥☝️☝️☝️☝️☝️☝️☝️☝️☝️

@pushkarrajthakur9329 2 жыл бұрын

Oh didn't know you guys know about Mrs Juliet Thompson

@kingtut4734 3 жыл бұрын

This reminds me of when they kept telling us that we were going to run out of oil in the 1970s

@youtubenorthish3242 3 жыл бұрын

Here, here or contemporaneously "this".

@youtubenorthish3242 3 жыл бұрын

hear ye, hear ye; I can read.

@williamkinkade2538 2 жыл бұрын

Thier is gold in every river and ocean in the world it will just be more difficult and more expensive to mine..

@js32257 2 жыл бұрын

We are going to run out of oil eventually. Maybe 50 ish years from now.

@Kamal_AL-Hinai 2 жыл бұрын

They said the same thing about iron... "Arriving earth by a single meteorite" no way!

@ru2225 4 жыл бұрын

Artificial price, biggest scam after diamonds

@lambbone8302 4 жыл бұрын

R U Don’t forget printer ink

@ArnhemAntiques 4 жыл бұрын

Gold has always been money, the paper you use to buy your stuff was always exchangeable for x amount of gold. Thats what gave it value and it sure as hell was easier to carry around in your wallet. Now you can no longer exchange this paper for x amount of gold, the two have been totally cut loose from each other. THAT was the biggest scam after diamonds. And I wish you paper''money'' boys all the best of luck next crisis, when hyperinflation is going to kick in due to unlimited printing.

@ru2225 4 жыл бұрын

@@ArnhemAntiques paper? Crypto will be next anyways

@ihatem2970 4 жыл бұрын

Yes that’s why every central bank on the planet are still hoarding it like if they were sick animals. Can’t understand why the central banks didn’t just throw that useless gold garbage in the streets.. Idiot . How about paper money- biggest scam in the history of the galaxy.

@ru2225 4 жыл бұрын

@@ihatem2970 the price is inflated, never said its useless, stop making an ass out of yourself

@SluggyBoi 2 жыл бұрын

We've extracted 190,000 tonnes of gold, but only 55 tonnes is left and is supposed to take 20 years to find and mine, how can that be?

@Sutterjack 2 жыл бұрын

I spend a lot of time in the California gold country and I know things haven't changed since the 1800's - if it costs more to extract and process the ore than the value of gold itself you don't make a profit. I think of all the 49er's rolling in their graves when they prospected for $20-35 ounce. Even adjusted for inflation today's gold prices are insane.

@quitebad459 4 жыл бұрын

👏STOP ADDING GOLD TO FOOD👏

@fjalls 4 жыл бұрын

Dont tell me what to do

@seka1986 4 жыл бұрын

How else can I shit gold?

@lynn.chaaaa 4 жыл бұрын

Thanks I was about to

@rainbowcatcandycrewmateela5369 3 жыл бұрын

Will there be gold Mac and cheese?

@somekindaokayguy 4 жыл бұрын

the perfect metal unless you are an alchemist

@lugiagaurdien773 2 жыл бұрын

I can't wait for them to make a video on why gemstones are expensive

@lovely8524 3 жыл бұрын

Gold: * has many technological benefits and is rust resistant, making it a valuable material for use * Humans: *S H I N E Y*

@maistooo 4 жыл бұрын

Q: why gold is so expensive? A: because the price of it is high 😎

@LegendNinja41 4 жыл бұрын

didn't answer the question, why is that price so high huh?

@Exows 4 жыл бұрын

666 BRLN 999 it’s just a joke

@heronumbertwo3171 4 жыл бұрын

@@LegendNinja41 it smoked weed

@laturista1000 4 жыл бұрын

because the price reflects the inflationary nature of fiat currency and the devaluation of the US dollar and other overly produced fiat currencies around the world. Gold will only go higher and higher as more banks get into more debt and more Governments keep printing fiat currency to keep this money=debt ponzi scheme going. Meanwhile gold stays gold.

@DanielW607 4 жыл бұрын

Stolen comment

@crackity1521 3 жыл бұрын

No one: I wonder why gold is so darn expensive Almost Everyone: *IT’S GOLD*

@MargaritaMagdalena 2 жыл бұрын

"But tell me: how did gold get to be the highest value? Because it is uncommon and useless and gleaming and gentle in its brilliance; it always gives itself." - Friedrich Nietzsche

@lordisback1947 Жыл бұрын

As business student i would talk in general not only gold but anything rare+ high demand and use will always be expensive. It doesn't matter much for rarity. If there is steak covered in gold and the steak doesn't taste good then who will buy it and seller have decrease his profit to make it cheap.

@vincentcaruso3360 3 жыл бұрын

I love gooold! The taste of it, the smell of it. The texture

@itsstarstyle 2 жыл бұрын

Oooh, how does it taste like?

@jackiearantes 4 жыл бұрын

As an account executive in an advertising agency attending Anglogold here in Brazil, I had the opportunity to follow and been taught all steps of gold mining during a week at the underground mining pit 900 m profundity and I had the pleasure to hold a 12kg bar of gold in my hands at the end of the process. It was so mind-blowing! It was so soft my ring made a dent on it! I kept thinking what I could do with it and understood finally why it can causes a "fever".

@itsme-vm7uz 4 жыл бұрын

as a Goldsmith i must say Gold is one of the best material to invest your money. you can buy a gold ring and after ten years its value will be ten times more.. and hey you got the chance to show off your gold ring too.. which might get you some personal benefits XD

@evanw2195 4 жыл бұрын

10x in ten years?

@entrepreneur1club359 4 жыл бұрын

😂😂

@steveng7497 4 жыл бұрын

From a historical perspective, gold is NOT an investment. Gold does not even beat inflation over a 10 year period and put it simply, there is no increased demand for gold over time nor does the gold produce any cash flow or income. I would say gold is best seen as a hedge against economy disaster. Compare US equities return over gold for average 10 year period time you would realize that gold is a joke. Even bonds outperform gold lmao. I'm not trying to say that you should not buy gold but to the contrary to the media, you SHOULD NOT view gold as an investment but rather a form of diversification/hedge in your portfolio. I really get pissed off of how much media and people think gold is a long term investment

@entrepreneur1club359 4 жыл бұрын

My grand father has brick 5 gold bar at that time he had buyer for 25 rupess now its million worth it

@LexicroftAlpha 4 жыл бұрын

@@steveng7497 Different country different benefit, for country with unstable economy and suffered hyperinflation like venezuela, gold is life saviour

@net343 2 жыл бұрын

Even if gold was a common element we would still like it enough to consider it precious, it just looks really good

@8platypus Жыл бұрын

gold is the best reflector of inferred light, it has a prime atomic number 79, it is conductive, high melting point, it doesn't rust, it is medically non toxic, it is rarer than platium, and very easy to smuggle.

@boldwoman9012 3 жыл бұрын

It’s amazing how there are lots of ways now one can make money, that ain’t about owning a business

@jenny2423 3 жыл бұрын

True, sometimes to own a business is stressful as a woman and wife, it gets no easier

@avarodriguez4966 3 жыл бұрын

start small, you might not have a lot of funds for business, but you can just invest in crypto/forex

@harperdavis7466 3 жыл бұрын

@@avarodriguez4966 Seems you’re good with crypto? You trade by yourself or a broker?

@oliviamartinez5788 3 жыл бұрын

I really need to be financially stable this 2021, last year wasn’t an easy year at all financially and emotionally I lost someone special. 😔

@aubreylewis1682 3 жыл бұрын

No relent this year! We all gotta make it 💪

@pushkarlakhe13 4 жыл бұрын

Short answer , Supply and Demand. ..... It has value because people think it has value... just like money

@WaffleSauze 4 жыл бұрын

umm we don't think it has value.. it actually does.. it has a ton of purposes.

@Chemnitz1988 4 жыл бұрын

It is money :)

@SaeedAhmad-um2zx 4 жыл бұрын

false, currency and money is different thing. gold has value because it doesn't go bad, cant print it, rare, looks nice, has many uses. and fiat currency has value because it was backed by gold and then stopped, but people still think its backed by something.

@jja1483 4 жыл бұрын

Cr_hazy exactly gold and other precious metals can create technology, federal reserve note is just cotton a linen not backed by anything😑😒.

@conors4430 4 жыл бұрын

Pushkar Lakhe Gold has internal value. Money has value because we agree it has value. If we don’t agree then it’s useless. Gold has value based on things we agree on but it also has inherent value which has nothing to do with opinion or agreement

@ioan_jivan 3 жыл бұрын

Amazing video

@ilovepankothecat4117 4 жыл бұрын

Hey thank you for making the entertaining video we don't care about the mistake we owe you for making something interesting in our day especially free and we know these videos are especially hard to edit and create so don't worry about. I am personally glad you actually owned up to your mistake and including it in the description cause i know a lot of people who just wouldn't say anything.