Gold isn’t rare. So why is it valuable?
10:30
YouTubeVerge Science
Gold isn’t rare. So why is it valuable?
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: https://www ...
1.7M viewsNov 24, 2020
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Gold is the most expensive it's ever been. On September 2, 2025, the price of the precious metal hit $3,508.50 per ounce. It's reached record highs several times this year. The high price is pushing more people to invest in it — buying gold from Costco, selling gold jewelry, and extracting gold from electronic waste. But this modern-day gold rush is also leading to consequences in Africa's gold-rich nations. In Liberia, foreign mining companies have moved in to extract the resource to meet the g
15:27
Gold is the most expensive it's ever been. On September 2, 2025, the price of the precious metal hit $3,508.50 per ounce. It's reached record highs several times this year. The high price is pushing more people to invest in it — buying gold from Costco, selling gold jewelry, and extracting gold from electronic waste. But this modern-day gold rush is also leading to consequences in Africa's gold-rich nations. In Liberia, foreign mining companies have moved in to extract the resource to meet the g
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