How to know the most valuable and expensive things

[WillyAp]

Since the beginning of Time, Time has been and will bet the most precious goody there is.
Some people only get 20, 30, 40, 50 years others get 90, 100, 110. 

What you do with your time is important at the end of  your time.

[aoluain]

Nowadays things are fast evolving

Indeed, if we look are what is currently happening geopolitically, everyone should be more focussed
on what is really valuable, but not in $'s but in resources.

Food is going to be a massive topic in the next number of months at the latest. Having an inexpensive
supply/stash of quality food will prove to be very valuable as it becomes even more expensive.

The most expensive things takes time to be done or designed.

But most people perceive expensive things like cars, clothes, jewelry and other superficial things  as
a necessity but they are actually not needed for us to survive. When things get really difficult in the
not so distant future those expensive things are not going to help with basic essential requirements,
food, water and fuel, they could very well become a liability.

[Findingnemo]

If you look into gold and compare it with other metals, I think you'll see that it has some pretty unique properties that you don't find in every other metal.

So far, nothing has been able to replace the role and position gold has in the world, and that surely isn't just a coincidence either.

This is the first time I've seen someone say gold is useless, and I kinda feel like people who say that are just jealous of it

Iron has more use cases than gold does but what we value most is gold, which is why I said it is related to the trust building over a very long period of time rather than just based on the use case. However gold is scarce and it is not so easy to find that keeps it's value in check.

If we ever managed to do asteroid mining then gold is going down, almost to no value.

[Youngrebel]

The real value of something is not just how easily it can be found, but i think it’s the time, effort and skill that’s needed to obtain it and technology has made many things more accessible, but accessibility can sometimes make people overlook their true value. Gold is valuable because it is scarce, but knowledge, skills, trust and experience can be even more valuable because they take a lot of time to build and cannot just be copied overnight.

[Zlantann]

Gold is kind of a useless metal, it has some use cases in machinery, medicine and some but people are attracted to the glow and consider it as valuable and over the centuries people got used to the value. And to value something you need to know the use case but there will be many exceptions such as gold and you can't predict them, it happens to be when you are on it.

I believe our ancestors choosing gold, and people sticking with that view for thousands of years, wasn't random or accidental. There's a reason for it. And like you said, to value something, you need to understand what it's useful for. If you look into gold and compare it with other metals, I think you'll see that it has some pretty unique properties that you don't find in every other metal.

So far, nothing has been able to replace the role and position gold has in the world, and that surely isn't just a coincidence either.

This is the first time I've seen someone say gold is useless, and I kinda feel like people who say that are just jealous of it

The reason Findingnemo said gold is useless is that they feel that it is overhyped. They think that it's valuable because it glows or shines. However, the value of anything depends on people's view or use.  The dollar is respected because it is valuable. Before now, in my location, the most valuable raw material was coal. Decades ago, it was used to power locomotives,  trains, and ships. Today it is no longer valuable because people have gotten alternatives. If gold has a viable alternative, its value would drop.

Gold has lasted for a long time as a hedge against inflation. Countries like China are acquiring gold in a record-breaking buying streak. This shows it is still valuable in society.

[ColdLava40]

Gold is kind of a useless metal, it has some use cases in machinery, medicine and some but people are attracted to the glow and consider it as valuable and over the centuries people got used to the value. And to value something you need to know the use case but there will be many exceptions such as gold and you can't predict them, it happens to be when you are on it.

That's my first time hearing gold being a useless metal. But everyone may have their own viewing it. Generally gold remains one of the most precious metals on earth. It's value's volatility is due to the fact that it's of very high demand.

The most valuable things can be easily recognized using simple principles of demand, supply and scarcity. Bitcoin for instance is very valuable, it's scares and of high demand.

Everyone wants a piece of gold, everyone wants to own Bitcoin they are valuable and appreciates over time.

[Findingnemo]

Gold is kind of a useless metal, it has some use cases in machinery, medicine and some but people are attracted to the glow and consider it as valuable and over the centuries people got used to the value. And to value something you need to know the use case but there will be many exceptions such as gold and you can't predict them, it happens to be when you are on it.

That's my first time hearing gold being a useless metal. But everyone may have their own viewing it. Generally gold remains one of the most precious metals on earth. It's value's volatility is due to the fact that it's of very high demand.

The most valuable things can be easily recognized using simple principles of demand, supply and scarcity. Bitcoin for instance is very valuable, it's scares and of high demand.

Everyone wants a piece of gold, everyone wants to own Bitcoin they are valuable and appreciates over time.

I am talking about the use case here that is why I just brought the Iron for comparision which has more uses case than gold but gold is more valuable which is only because people think it is more valuable and decide to keep it as store of value, investment in various forms. There is no denial that gold is valued and bitcoin is valued too based on demand and supply but if you ask the actual use case then bitcoin has a purpose of being an alternative but gold has little to nothing.

[ColdLava40]

I am talking about the use case here that is why I just brought the Iron for comparision which has more uses case than gold but 

If we go by that they agreeable.

But one main reason gold has less use case if compared to other metals will be because it's expensive and we can get other cheaper metals that will substitute for it's place in various industry, especially in engineering designs or materials.

Gold remains unique in it's own regards especially for jewelry and precious metal. Gold is of high demand because people wants to own it but it's still scares.

[BTC FutureKing]

There are many things in the world renowned for their rarity, beauty, high value, and unique characteristics such as gemstones, luxury cars, expensive watches, high-end homes, private jets, gold, paintings sold for millions, major corporations, and auction items. Their significance is understood through history and general knowledge, and there are countless other rare and costly items information regarding them is gathered by tracking current market values and compiling lists of the most expensive obj

[ZAINmalik75]

Gold is kind of a useless metal, it has some use cases in machinery, medicine and some but people are attracted to the glow and consider it as valuable and over the centuries people got used to the value. And to value something you need to know the use case but there will be many exceptions such as gold and you can't predict them, it happens to be when you are on it.

Anything that has multiple use cases cannot be called or considered useless. If Gold was a useless metal, it wouldn't have the value it has at the moment. We all know that an asset or a thing will only have a high price pr value if there is high demand for it, and Gold is one of those things. Besides, I think you forgot to mention that Gold rules the jewelry industry around the world, which is a great use case and is always in demand.

To @OP, I don't know what you mean by whatever you said, but I will respond based on the title. As I said just above, the value of a thing is determined by its use cases and then the demand. Someone who either creates or discovers something, they will give it a value on their own, but whether the world will accept that value or not will depend on whether it has any use for whoever buys it.

[Taricoins]

I can in my own words say that value doesn't comprise of the context of how rare the commodity is, or how much labor is put into development and marketing, but in how much we humans believe such a commodity is worth both now and in coming years based on returns it can give and that's why gold was so valuable in time past more than it is today because humans believe its shine, capabilities and scarcity makes it a very valuable asset to own.

In same truth, Bitcoin is as valuable as it is today because of the belief we as humans have towards owning it and the return it could get in a few years if accumulated enough, not because it is a physical commodity.

I agree with you, the context of important or high price of a commodity, liability or asset depends on the value we put on it, price is relatively to human perception that is why a normal tape will cost $2.50 whilst a Balenciaga tape accessory will cost over $400. Still there us truth to what the OP said, prices or value of commodity can also increase in situations where cost of development accrues

[Josefjix]

You are only talking about Gold or other life assets that seems valuable?
In general, what seems valuable are not easily to be accessible, it scarces.  That's why Gold and Bitcoin often shakes the world of assets because of it's demand, it's harder getting Bitcoin and it's also scarce.

There are other RWA that works the same way.

[Hamza2424]

Nowadays things are fast evolving based on the facts things people are regarded as the most valuable are no hidden anymore, for instance , when you know how precious a Gold is to have is that they are often gotten from a very difficult and hidden place where you would not get them so easily.

So this is the reason you have in mind for Gold's value? Just because of how hard it is to retrieve because it is hidden?

Bro, you should read the history of how gold was created and why it is valuable. You will know why the world or a group of people saying diamonds are not the same as gold. Gold is much better.

When this are turned into business you would relate more better, because nowadays they seems to exposing themselves without placing values on them.
The most expensive things takes time to be done or designed.

Everything takes time. Non renewable energy takes time, but it is not that expensive because we can still afford it. So it is not true that everything that takes time is expensive. The valuation depends on many other factors bro, like demand and supply, what is driving its price since its inception.

[Rengga Jati]

Actually, something obtained through significant effort becomes far more valuable. Recognition from the majority of people also enhances value, as does scarcity. Several factors contribute to making something highly valuable. Especially if the supply is limited and non-renewable.

Utility plays a role as well. Items with greater usefulness are inherently more valuable. This is especially true for things that are useful, scarce, and require significant effort—including high acquisition costs to obtain. These factors drive up value.

Other influential factors include demand, quality, branding, and sentimental value. These may not guarantee value with 100% certainty. But, they help distinguish between items of ordinary value and those of high value.

[Smack That Ace]

If you look into gold and compare it with other metals, I think you'll see that it has some pretty unique properties that you don't find in every other metal.

So far, nothing has been able to replace the role and position gold has in the world, and that surely isn't just a coincidence either.

This is the first time I've seen someone say gold is useless, and I kinda feel like people who say that are just jealous of it

Iron has more use cases than gold does but what we value most is gold, which is why I said it is related to the trust building over a very long period of time rather than just based on the use case. However gold is scarce and it is not so easy to find that keeps it's value in check.

When it comes to practical use cases, ETH, SOL, and many altcoin clearly have more usecases than Bitcoin.
So if you believe that iron having more usecases than gold means it should be more valuable, then the same logic could also apply to BTC and altcoin.

If we ever managed to do asteroid mining then gold is going down, almost to no value.

Its been over 7000 years since humans first discovered gold, and we still haven't even managed to extract all the gold from Earth's crust. And demand for gold has never really been enough to catch up with all the gold that’s been mined.

So forget about the silly idea that asteroid mining or a bigger supply is somehow gonna make gold worthless.

[Silikiem]

If the supply of a product is low and still there are many people who wants it, then I can say that such item is valuable. An item or product must not be too expensive before it becomes valuable, some products are just living off from past Glory, big names, hype etc but they have lost it’s value over time. Even most of the common things we see as trash or waste, many of them can still be used in one way or the other. To know the most valuable and most expensive things then the high price tag must reflect it’s worth and utility over time.

[YOSHIE]

The most expensive things takes time to be done or designed.

To find out about items that have high economic value is certainly easy, but to get them is difficult, as you said for gold/precious metals, the income process must be through mining, just like Bitcoin which has high value is also processed through mining.

When goods of high economic value are turned into a business, of course the business develops very quickly and progresses, such as Alaskan king crab, the price of a medium size can be worth $150/head and a Super Jumbo size can reach $700/head that is still alive, Alaskan king crab is also a valuable and expensive asset, the reason is the same as getting gold, in a mine in the middle of sea ice which has a super high risk.

In fact, there are many other valuable and expensive items that can be turned into a business to generate high economic results, but all of this requires a process to get it, but if you have capital, will, strong determination, of course there is a way to start this business.

[Iranus]

I am talking about the use case here that is why I just brought the Iron for comparision which has more uses case than gold but gold is more valuable which is only because people think it is more valuable and decide to keep it as store of value, investment in various forms. There is no denial that gold is valued and bitcoin is valued too based on demand and supply but if you ask the actual use case then bitcoin has a purpose of being an alternative but gold has little to nothing.

If we only look at use cases, iron doesnt necessarily have more than gold. There are things iron can do that gold can't replace, but there are also cases where gold does a better job and iron can't replace it.

They're different element with different properties, so they have different use cases. A lot of those uses simply can't be substituted for one another. That's why looking at use cases alone isn't enough to determine the value of an asset.

The same goes for Bitcoin. Its value isnt just about its use case. So far, it still isnt widely used as a alternative to fiat. Its value also comes from its scarcity, decentralization and the unique properties of its network.

[CryptopreneurBrainboss]

The most expensive things takes time to be done or designed.

Expensive shouldn't automatically mean something being valuable or you'll be misled, the world is doing exactly this and that's why everything is now being overpriced (that and inflation also playing a role). Life is valuable but isn't expensive, value should be given to how useful something is to you and alot of the extensive things aren't useful (that's why you can live without them).

To know expensive things, just look at their price tags but to know the valuable things, observe to see the importance for them in your life that's when you'll understand what to give priority to. Real value are in things we ignore everyday but we need them for survival, Air is valuable but we won't know this until we need it.

That Gold isn't valuable but just expensive and you don't necessary have to buy it. Save your money and take care of your health because that's more valuable than anything elses.