Why is gold the most precious metal?

However, the lustrous and metallic qualities of gold, its relative scarcity and the difficulty of extraction have only increased the perception of gold as a valuable asset. One of the reasons gold still has value is because people have made it valuable. Gold can be considered more valuable than other metals because people perceive it as more valuable. This belief comes from the psychology of human beings and their desire to accumulate wealth, tangible assets and precious metals, such as Best rated Gold IRA, among other things. Not only is it quite durable, but it's soft enough to easily mold it into different things.

You can also melt gold relatively easily, unlike other precious metals such as platinum, making it easier to extract. Rhodium is the most valuable metal and exists within the platinum group of metals. It is used in jewelry for a final finish on white gold jewelry. It is found in the same mineral in which gold and silver exist, only in smaller quantities.

For example, you can buy physical gold, buy gold shares in gold mines, or even buy shares in an ETF (exchange-traded fund) that tracks the price of gold. Therefore, as gold mining continues to decline and the costs associated with mining increase to meet the mining challenge, gold could become even more expensive. Scientists believe that gold arrived on Earth after the collision of two neutron stars in space and forged gold atoms together in meteorites, which collided with Earth about 3.9 billion years ago.