Why Gold Is So Expensive | So Expensive | Business Insider
Video Overview & Insights
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.
because it is gold?
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.
MORE SO EXPENSIVE CONTENT:
As a biotechnologist, can't we come up with synthetic gold?
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$4350 for an ounce
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note to self buy gold now in 2030 u will thank me MF
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Had family friends who worked in gold mining. You need to process several truckloads of ore just to get a handful of gold from them. Given the costs of mining and salaries, the profit margin is actually pretty small. We see so much gold everywhere in non-essential items that we forget how limited and valuable these resources actually are.
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#Gold #Jewelry #BusinessInsider
We only value it because humans thousands of years ago decided it looked cool. We’re basically just following tradition without thinking.
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Imagine this came out 6 years ago and they thought gold was expensive. Today, gold is at $4100 an ounce!
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Yeah, 1500 an ounces was "expensive" just 6 years back 😂😂😂😂
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you losers should have bought gold
Why Gold Is So Expensive | So Expensive
Missinformation. Osmium is 20X more Expensive than gold.
Metal Price per Gram (USD) Price per Troy Ounce (USD) Abundance (in ppb)
Gold ~75 ~2,300 ~4
Platinum ~33 ~1,000 ~5
Iridium ~145 ~4,500 ~1
Osmium ~1,600 ~50,000 ~1
More User Perspectives
You can print paper money from anywhere, but I bet you can’t do it with gold!!
@America-v5lBI sucks.....as other idiots....by choice....
Easy, don't choose to suck.....
5 years later the price jumped 150% 😮
@NextGenGames0why video title all expensive?
@dennisaguilar4400Gold isn’t expensive. Money is just cheap (in some cases, borderline worthless).
@joefrankman8297It is the currency of God
@RuneXjt-s9dSp basically gold is expensive because we believe its value, once the believe crashes wouldn't it become other normal industrial metal
@DhirajSingh-sc5brI wonder what percentage of above ground gold is held by governments?? I believe the United States has 3 storage sights (i.e. Fort Knox) I don't know how many other storage sights are around the world.
@gimpygardner3377Jewelry gold serves 0 purposes. It has so many uses to be wasted like this
@toseeupload8855An ounce of gold is worth $3,300 today, a price increase of over 100 percent!
@jebbroham1776Gold is so expensive because it's actually worthless. Yes it serves many purposes but so do many many other things that don't hold the same value. The value of gold is based on greed.
@ZeusVelaTitanium is BETTER for purposes.....
@marshalllapenta76562025. More expensive
@ramborhan20053500$ 2 days ago
@cbbbgbbb497I was thinking that I had absolutely no gold whatsoever then remembered that I have a gold crown on my number 17 tooth.😑
@ld799vafGetting buried in gold is still cheaper than a house
@_CRU_X_and there's people with square face compare this to bitcoin!
@asemwindowsThanks for the breakdown! Just a quick off-topic question: My okx wallet holds USDT and win, and I have the seed phrase: (host hair point assault nominee walk plate focus idea analyst metal liberty) .What's the best way to send them to Binance?
@AlconAshlynn-q9pIt's 2025 and gold is damn expensive $2916 per oz.
@JohnCena-i9stotal BS about gold origins..
the MSM Science has 0 CLUE about anything!
"Why Gold Is So Expensive" If a worthless Bitcoin costs $100,000, one once of Gold should be 1,000,000.
@jean-claude7491I worship gold ❤
@RichManhattaniteThe fact that gold was worth $1489,- when making this video and now (January 24, 2025) it's set at $2784,46 an ozt
@what9397Being yellow and shiny does not explain why it went up 40% in the past year. There’s a lot more to gold than it’s discussed in this simplistic video.
@dans.8198So I guess at least one person out there has shit gold...
@glakhmedAlmost $3k an ounce at the end of 2024.
@blue_diamond_gemI wish I have thousands of gold bars and gold coins in my collections.
@kennethbandola6908billion shmilion the earth age is maximum 5785 yo
@tntomegain 2024 gold is $26xx /once
@sokhengkiev9025I wish l bought 200 grams in 2014.
@badmanno.1650Anyone who thinks gold is 'expensive' is completely missing the point. Gold is worth exactly what it has always been worth. It's the currency that is being compared to it which has become less valuable.
@Michael_ManiscalcoGold is expensive because humans say it is I’m good with out gold
@mgalan1732The reason it's so expensive is supply and demand.
@NocturnalPyroWaw😊
@AshuBr-bv2zqInvestors are drawn to gold for several reasons: its long-standing history as a store of value and medium of exchange, its effectiveness as a hedge against inflation or currency devaluation, and its scarcity compared to other commodities. Gold also provides diversification benefits, as it typically has a low correlation with traditional assets like stocks and bonds. However, it's important to recognize that investing in gold carries certain risks and may not suit every investor. It’s essential to assess your financial objectives, risk tolerance, and overall financial situation before making any decisions.
@Daniel-b1s3sWe wont run out of gold with upcoming asteroid mining
@jgedutisWow
@Fartmaster699Can anyone explain to me why eating gold-plated steak won't affect my health? I think it hurts the wallet.
@IronHandTech2024I love gold!
@Nyatsimba_Mutota