goldfinance•6w ago

chemical element; its chemical symbol is au (from latin aurum) and atomic number 79. what’s meant by durability in gold’s case is its chemical inertness. it doesn’t react easily with other elements. it doesn’t burn, it doesn’t rust, it doesn’t corrode. that’s one of the main reasons it’s considered valuable. it’s also expensive to extract. but at current prices, mining companies are incentivized to expand capacity and operate in previously unattractive, lower-yield sites. that means if demand doesn’t keep up, oversupply could emerge and prices could fall. in other words, gold may not be as safe a haven over the next few years as people assume. still, unless material science or ai somehow leads to the mass production of synthetic gold, it looks likely to keep rising in the long run.