Gold is natural resource that is limited and the value is high because it is scarce. People buy gold to show that they have money because it is expensive and when you see a person who has many gold in his body you suppose that the person is rich; so the value increases every time because each year is more scarce. Also the value increases because every time its most difficult to find it. In fact, the total amount of gold in the world is a surprisingly small quantity. Here's how you can calculate the volume of the total quantity that has ever been mined. The annual production of gold is approximately 80 million troy ounces per year. Gold is locate under the ground in mines and producers have to make a processes to remove the different kind of minerals like sand, rocks, etc.
Gold is valuable because it is scarce and difficult to find ever year a lot of companies are trying to be more deeper because every time gold is find deeper zone.
Gold is valuable because it is scarce and difficult to find ever year a lot of companies are trying to be more deeper because every time gold is find deeper zone.
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