But all of that is extremely contextual. If it turns out there's a huge reserve of it somewhere, it will crash in value. Or if things crash badly enough there may be other things to worry about. Eg, a community that desperately needs water is probably more interested in pipes than gold.
That's what interesting - only a tiny amount of gold is needed. This wouldn't work with lead.
>this doesn't explain why people were greedy for gold thousands years before.
You're asking me to do this research?
Because of those properties they become a store of value (representing the work and rarity) which then makes them a useful proxy for trading that value, which increases their rarity/value by taking it out of circulation when used as a store of value.
For one, gold, enables the electronic device you used to post your comment.
