Gold isn’t rare. So why is it valuable?

ਨੂੰ ਪ੍ਰਕਾਸ਼ਿਤ ਕੀਤਾ ਗਿਆ 24 ਨਵੰਬਰ 2020
ਦ੍ਰਿਸ਼ 1 193 188
470

Gold is arguably the most precious metal in the world, but how rare is it really? We went on our own gold panning expedition to find out.
Correction (6:08): While there was active gold mining around Butte, Montana, the Berkeley Pit mine pictured was primarily a copper mine.
Further reading:
“Gold Panning is Easy” guidebook:
www.betterworldbooks.com/search/results?q=gold%20panning%20is%20easy
Article on the cosmic origin of gold:
www.quantamagazine.org/did-neutron-stars-or-supernovas-forge-the-universes-supply-of-gold-20170323/
Study on gold-rich asteroid bombardment:
www.nature.com/articles/nature10399
Gold Council statistics on gold supply:
www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold
Earthworks “No Dirty Gold” campaign:
www.earthworks.org/campaigns/no-dirty-gold/retailers/golden_rules/#.Uk3qySR57bo
International mining standards guidance:
www.oecd.org/daf/inv/mne/OECD-Due-Diligence-Guidance-Minerals-Edition3.pdf
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Verge Science
ਟਿੱਪਣੀਆਂ  
  • Verge Science

    Verge Science

    4 ਮਹੀਨੇ ਪਹਿਲਾਂ

    What other elements should we explore next?

    • NoSuchThing

      NoSuchThing

      2 ਦਿਨ ਪਹਿਲਾਂ

      Helium

    • Shh Winner

      Shh Winner

      4 ਦਿਨ ਪਹਿਲਾਂ

      Where's the ye ha at the end so disappointed.

    • CornFlex

      CornFlex

      7 ਦਿਨ ਪਹਿਲਾਂ

      Amethyst crystal

    • skee corn

      skee corn

      9 ਦਿਨ ਪਹਿਲਾਂ

      Lava

    • Wild Outstanding World

      Wild Outstanding World

      23 ਦਿਨ ਪਹਿਲਾਂ

      does bitcooin count as an element?

  • Vian Yanto

    Vian Yanto

    10 ਘੰਟੇ ਪਹਿਲਾਂ

    From bitcoin back to Gold, the Metal of God..like the return of the lost son?

  • Hinge 45

    Hinge 45

    ਦਿਨ ਪਹਿਲਾਂ

    i think because its heavy

  • Michael Quintero

    Michael Quintero

    2 ਦਿਨ ਪਹਿਲਾਂ

    wrOng

  • Jhon Jr. Coffee Company

    Jhon Jr. Coffee Company

    3 ਦਿਨ ਪਹਿਲਾਂ

    I only watch edsheran panning some gold dust

  • Joshua Smith

    Joshua Smith

    3 ਦਿਨ ਪਹਿਲਾਂ

    there's gold in them there hills

  • Shh Winner

    Shh Winner

    4 ਦਿਨ ਪਹਿਲਾਂ

    Where's the ye haw! At the end so disappointed

  • Hodlre

    Hodlre

    5 ਦਿਨ ਪਹਿਲਾਂ

    so gold valuable just we all agree that it is valuable and because it is looks pretty? no other functionality? i think in modern digital era world in next years to come , gold will cost nothing

  • Charlie Bruegeman

    Charlie Bruegeman

    7 ਦਿਨ ਪਹਿਲਾਂ

    no It holds value because you are storing the future use of the gold. I.e Future jewelry/ medicine/ electronics/ anything else that the properties of gold can be utilized for. Gold has specific properties that make it a commodity that lasts a long time and is scarce

  • Shaurya Satyarth

    Shaurya Satyarth

    8 ਦਿਨ ਪਹਿਲਾਂ

    I'll save ur 10 minutes : It won't be expensive if it wasn't rare..

  • Joseph Stalin

    Joseph Stalin

    11 ਦਿਨ ਪਹਿਲਾਂ

    Lots happened to get Gold into earth 🌍 in other words Gold is a metal of the Gods 😁

  • JimmyTheChicken

    JimmyTheChicken

    12 ਦਿਨ ਪਹਿਲਾਂ

    At 1:13 you showed a picture of M42, the Orion nebula, this is a star-forming region, unlike the other nebulae you showed, this is not a supernova remnant. Heavier elements do not form here, this is a cloud of ionized Hydrogen and Oxygen primarily.

  • Ded

    Ded

    14 ਦਿਨ ਪਹਿਲਾਂ

    3/100 of an ounce.... How hard is it to say 1 gram?

  • Johnny X 100

    Johnny X 100

    17 ਦਿਨ ਪਹਿਲਾਂ

    I like how well put together this is. Awesome job guys.

  • Nick Guzeli

    Nick Guzeli

    20 ਦਿਨ ਪਹਿਲਾਂ

    Gold IS rare

  • Sampson X

    Sampson X

    20 ਦਿਨ ਪਹਿਲਾਂ

    Because its value is based on elitist values.

  • Daniel Woolman

    Daniel Woolman

    22 ਦਿਨ ਪਹਿਲਾਂ

    Cant print gold. That’s why it’s valuable. It’s a predictable storer of value that takes energy and time to mine.

  • Daniel Woolman

    Daniel Woolman

    22 ਦਿਨ ਪਹਿਲਾਂ

    300 tons of rock for one ounce of gold

  • Marc Bollinger

    Marc Bollinger

    23 ਦਿਨ ਪਹਿਲਾਂ

    A 3 to 1 alloy of titanium and gold ostensibly has some pretty exciting features (not to mention some Iron Man street cred) - such as being 4 times harder than titanium, high biocompatibility, having superconducting properties at 20 Kelvin, and holding onto that superconductivity in magnetic fields 10s of telsas strong.
    Seems like a better use of gold than sitting in vaults.

  • Section9 AG

    Section9 AG

    23 ਦਿਨ ਪਹਿਲਾਂ

    Fiat currency is also worthless so why do we value it?

  • Jane Churchill

    Jane Churchill

    24 ਦਿਨ ਪਹਿਲਾਂ

    If there is one gram of Gold for approximately every 1000 tons of the Earths crust i'd say that was pretty Rare...

  • AN NGUYEN

    AN NGUYEN

    24 ਦਿਨ ਪਹਿਲਾਂ

    The many eagle interstingly whisper because line rationally whistle sans a bite-sized squash. ceaseless, slimy quill

  • Dominic Shiells

    Dominic Shiells

    25 ਦਿਨ ਪਹਿਲਾਂ

    Gold is rare if it is hard to mine , he actually proved the opposite

  • Elmaz Okicic

    Elmaz Okicic

    25 ਦਿਨ ਪਹਿਲਾਂ

    I don't really care about gold.

  • Samaghik Samurai

    Samaghik Samurai

    25 ਦਿਨ ਪਹਿਲਾਂ

    *I think I would have more gold in my body than the amount he got*

    Edit: yup human body has .2mg of gold on avg for a 70kg person so yeah. I think I just dumped some gold in the toilet if you want to seive that.

  • AFTERTOUCH

    AFTERTOUCH

    26 ਦਿਨ ਪਹਿਲਾਂ

    I'm constantly taking walks at the sultan river!

  • Z&N F & S & J

    Z&N F & S & J

    27 ਦਿਨ ਪਹਿਲਾਂ

    *This video is just a fail; plain and simple.*
    🤷🏽‍♂️

  • Hetzerogeneous

    Hetzerogeneous

    28 ਦਿਨ ਪਹਿਲਾਂ

    And then, there’s gold for eating, and even gold toilet paper. Wtf.

  • Gary Lang jr

    Gary Lang jr

    28 ਦਿਨ ਪਹਿਲਾਂ

    Hence the "Gold Standard"

  • The Mad Man

    The Mad Man

    28 ਦਿਨ ਪਹਿਲਾਂ

    Gold is shiny so it's used for jewelry, gold is corrosion resistant so it's used in electronics as plating over silver or copper which both have higher conductivities, and it's again corrosion resistant so it's used for coins and such. That's basically what I got from this video, nothing I didn't already know but most folks tend not to know the many vast subjects I study out of boredom.

  • Ken Goetz

    Ken Goetz

    28 ਦਿਨ ਪਹਿਲਾਂ

    The suits say so, that’s why gold is valuable. Gold and silver belong in the industrial industry. It’s too heavy for space travel!

  • Synthetic_Future

    Synthetic_Future

    28 ਦਿਨ ਪਹਿਲਾਂ

    It's funny how gold has value even though most of it isn't even used.

  • Dèvèn

    Dèvèn

    28 ਦਿਨ ਪਹਿਲਾਂ

    Because we need a bunch of it, but it comes in tiny bits here and there. Collecting gold is what drives up the value
    Edit: is that the 8 fold path I see at 1:17?
    HERESY!!!

  • Ron Sykes

    Ron Sykes

    28 ਦਿਨ ਪਹਿਲਾਂ

    Why not just make it in your microwave oven,. It's tooeasy dude.do you understand what resonance. Is. In fact you can make all the elements from the gases

  • Master Dementer

    Master Dementer

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    My father works in a mining company as a mechanical engineer, and he has a full collection of rocks of different materials of which most are gold which he found randomly on the mining sites. It's looks cool on shelves tho.

  • Poison Sockets

    Poison Sockets

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    try keeping a lot of gold in your safe and see who comes to get it and what they do to you.

  • hdmjfjdjdjd cwgwhshsh

    hdmjfjdjdjd cwgwhshsh

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Because gold is gold?
    maybe that's why it's that expensive.

  • brute9867

    brute9867

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    This guy has a saucy spaghetti mind

  • Jackson Gibbs

    Jackson Gibbs

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Like my parents always said: if there's a gold rush, don't go digging for gold. Sell pickaxes instead.

  • Holy Rollin' Moly

    Holy Rollin' Moly

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Dude, define "rare".
    Just take a look at the dictionary or the periodic table and think for one minute about what that by itself means. Gold is relatively rare. At least on planet earth it is.

  • Paulo Kehl

    Paulo Kehl

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    So, the scarcity of gold is traced to how hard it is to dig up and its value essentially to how much work has to be put into it.
    Marx was right...

  • Matt Garza

    Matt Garza

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    We don't know it came from space bro ok. We're u there no

  • Stefan Nesic

    Stefan Nesic

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    all the gold mined is a cube with all sides being 21 meters in length.
    it is kind of rare

  • Edwin Beutti

    Edwin Beutti

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    I am high and I thought title said God so I watched 1st minute thinking it was some kind of analogy

  • Craig Jarvis

    Craig Jarvis

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Wow, dude, you really needed a miner buddy to show you what you were doing wrong. First you won't find gold in blond sand. Sand is light and you are looking for something heavy, if the light stuff is dropping out then the heavy stuff already dropped out upstream from where you were. You should have been looking for gravel to be digging in not sand. The amount of Black sand you were finding in your pan was not a good sign... You will usually have a 1/4 inch (about 1 cm) of black sand in the bottom of your pan when you are "in the color". You were swirling the material in your pan with your hand, that doesn't work. Watch a goldpanner work his pan (videos everywhere) and you will see how to stratify your material and wash it... It takes some practice and everyone develops their own method but all successful panners follow the laws of physics. You were in a river that has had good flows as indicated by the nice round boulders (that means they have moved often and far due to massive water flows). When looking for gold in a river like that imagine the water 5 feet (2 meter) and 10 feet (3 meter) higher than it is now now look for where the inside bends would be when the water is flowing at those depths, then find the leading edge of the spot where material is dropping out. When water is high, that is when gold moves... not at normal water flowing levels.

  • High Phive

    High Phive

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Do rune ore next

  • RoeiGaming

    RoeiGaming

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Lol for the entire video i was thinking this was the discovery Channel but then i saw your channel name 😅

  • OJAS Ψ

    OJAS Ψ

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    4:17 Just said bedrock layer
    MINECRAFT PLAYERS *triggers* - its end of the world baby

  • Dank Poster

    Dank Poster

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Now talk about how vibranium is actually a real metal.

  • Drew Rogers

    Drew Rogers

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Anunaki! Lol

  • Jones Frederick

    Jones Frederick

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Bitcoin is the new gold. Bitcoin is the best investment anyone can make at the moment, It's far better than stocks, gold or anything else

    • Jamie Murray

      Jamie Murray

      ਮਹੀਨੇ ਪਹਿਲਾਂ

      The good thing about bitcoin is that it can be used as a short and long term investments

    • Ancel Raymond

      Ancel Raymond

      ਮਹੀਨੇ ਪਹਿਲਾਂ

      In a few months from now people will regret not investing in bitcoin earlier enough

    • Jeff Andre

      Jeff Andre

      ਮਹੀਨੇ ਪਹਿਲਾਂ

      PayPal, Microstrategy and Tesla have already adopted the use of cryptos. Cryptocurrency is here stay.

    • Kimberly William

      Kimberly William

      ਮਹੀਨੇ ਪਹਿਲਾਂ

      I see Bitcoin as ultimately becoming a reserve currency for banks, playing much more better role as gold did in the early days of banking.

    • Walt Morris

      Walt Morris

      ਮਹੀਨੇ ਪਹਿਲਾਂ

      Just checked Brenda's profile at the IAPD her licences and certifications are insane. I am definitely contacting her

  • Rene Bechtold

    Rene Bechtold

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Go find me a few kilos please and thank you, lol.....

    • Jones Frederick

      Jones Frederick

      ਮਹੀਨੇ ਪਹਿਲਾਂ

      Lols... I'll rather suggest you go into bitcoin trading.

  • greg chaney

    greg chaney

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Very interesting, thanks. Greg Chaney in coastal N.C

  • dododoobird OwO

    dododoobird OwO

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    shiny...

  • Noor Liza

    Noor Liza

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Gold is valuable not because we 'just agree that it does'. It's because we cannot create it by ourselves, unlike fiat currency or even bitcoin. Same goes for silver and oil.

  • Bishnu Maheshwari

    Bishnu Maheshwari

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Gold = Value

  • Per Johansson

    Per Johansson

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    its more rare than printed paper money

  • geraldobah1

    geraldobah1

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    ok, I've already o
    lost interest, Gold is rare.

  • TrentoneLightning

    TrentoneLightning

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Watching this video I thought about bitcoin. It is hard to mine (though the “miners” are not humans, it still takes time) and it is used just like gold as a currency. The real value in both of them is actually “gathering time”.

  • Rudra Singh

    Rudra Singh

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    0:58 that basically sums up the whole video 🙄😉

  • CSM Cubing

    CSM Cubing

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    So first you need to mine down to bedrock...

  • BLACK MAGIC

    BLACK MAGIC

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    he hit bed rock boys but he can't find diamonds
    find gold only not even iron XD

  • 🌸 Hakuru15 🌸

    🌸 Hakuru15 🌸

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    I didn’t expect the comments to shred

  • 267 -Cala•

    267 -Cala•

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    For the same reason airpods are expensive

  • sliish 420

    sliish 420

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    shiny

  • Blue Square

    Blue Square

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    We just like gold because it’s shiny. It also has no value in Minecraft. Yet we all got a couple stacks.

  • TheMarrification

    TheMarrification

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Why is it valuable? Because it's pretty. Next question, lol. XD

  • Loving Red P

    Loving Red P

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Gold is everywhere

  • Giorno Giovanna

    Giorno Giovanna

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Watching this was a golden experience

  • Peh Yanbin

    Peh Yanbin

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    i used it to barter with piglins to get ender pearls

  • LordofSorrows

    LordofSorrows

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    So, the essence of what you're showing us here is "Anyone can search for gold and find it; but there's little point to it"?

  • Supplemented Health

    Supplemented Health

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    This is stupid

  • The Rogue Nemesis

    The Rogue Nemesis

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Truly, it's the naivety of people - just like diamonds, it's marketing and commodity controls that give the perception of rarity. You can't eat gold nor drink it and if there is no food around, it won't end your hunger or thirst - but at least your corpse will be bling!

  • CyberFunk

    CyberFunk

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    It shiny lol

  • Colm m

    Colm m

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    The demand for diamonds was created by a guy can't remember his name, they called him the father of advertising, he openly said that he created the perception around diamonds in women's minds so they'd want them, then the amount is restricted to create the idea of scarcity and exclusivity

  • Jules Woodbury

    Jules Woodbury

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    We could also stop valuing it or just outlaw mining it through international conventions. If we would just stop mining it would decrease inflation quite a bit, since gold is a 100 percent recyclable

  • Shubham Sharma

    Shubham Sharma

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Bitcoin is rare, buy Bitcoin.

    • Shubham Sharma

      Shubham Sharma

      ਮਹੀਨੇ ਪਹਿਲਾਂ

      @newbieshelper you can't send gold overseas when needed. You have to keep it in a space. Bitcoin can be sent from one country to another with very minimal charge in a transaction. It's limited and a better store of value than gold. And it doesn't occupy any space to keep it.

    • Shubham Sharma

      Shubham Sharma

      ਮਹੀਨੇ ਪਹਿਲਾਂ

      @newbieshelper how?

    • newbieshelper

      newbieshelper

      ਮਹੀਨੇ ਪਹਿਲਾਂ

      No thanks. Bitcoin is useless

  • Thatcher N

    Thatcher N

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Hey that bridge is like 15 minutes from me lol

  • Spandan Ganguli

    Spandan Ganguli

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Well it's shiny.

  • David Bolha

    David Bolha

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Infinity Stones are rarer. 😉😆

  • Vivek Arjun

    Vivek Arjun

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Gold is fools investment . Price of Gold should be increased only selective joker's can buy , person wearing Gold make laughable activities . Know society in india makes fun of person or lady who put Gold . We enjoy Gold wearing joker's in different functions .

  • Schoolship

    Schoolship

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    lol, didn't realize this was the verge. bye, I'm out.

  • Anthony Wan

    Anthony Wan

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    OMG! And they say Bitcoin ruins the environment!!!! Come on!!!!

  • trash video game kid

    trash video game kid

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    because its gold

  • Aitor

    Aitor

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Because it's stable.
    I haven't seen the video yet

  • QuakZyFPS

    QuakZyFPS

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Aaayyyyy big Eddie

  • Memeing Grounds

    Memeing Grounds

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Wait, gold isnt rare?

  • Panana Man 2

    Panana Man 2

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Because money isn't real.

  • 42

    42

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Your video just devalued gold, good job

  • DiggingNorway

    DiggingNorway

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Gold as a mineable deposit is very rare.

  • ABRAHAM

    ABRAHAM

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Gold is the biggest scam in history.

  • Banna Om Rathore

    Banna Om Rathore

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Why its not radio active ?🙋‍♂️

  • Itr 1244

    Itr 1244

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    maybe because it's not easy to get it out of the ground

  • Joris KBos

    Joris KBos

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Shiny rock expensive

  • Netizen Unfaedah

    Netizen Unfaedah

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Paper isn't rare. So why is it valuable?

  • Sam Ntiros

    Sam Ntiros

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Gold came from outer space ?!?!? .... are you insane ???

  • The Wise Ducky

    The Wise Ducky

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    My exams are tomorrow and this popped up in my recommendations
    thanks man

  • SPACE FORCE

    SPACE FORCE

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    Answer: 3:35

  • M V

    M V

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    *Goooold Marzia Goooold*

  • Ladies Day At Flemington

    Ladies Day At Flemington

    ਮਹੀਨੇ ਪਹਿਲਾਂ

    As my indigenous brethren have noted. You dig that stuff out of the ground and then put it in a vault back underground.