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Business Daily

Elemental Business: Gold

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 15 July 2014

⏱️ 23 minutes

🧾️ Download transcript

Summary

What makes gold so valuable, why is it golden and why is it the only elelment that makes a good currency? In chemical terms it is virtually useless. Justin Rowlatt talks to one of the world's biggest manufacturers of mobile phones about how you can recover the gold in your handset and learns how little gold there actually is. Find out more in the latest in our series examining the world economy from the perspective of the building blocks of the universe - the chemical elements.

Transcript

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0:00.0

This is a BBC podcast. You can get all our podcasts and our terms of use at BBCworldservice.com slash podcasts.

0:10.9

Hello, I'm Justin Rowlatt. Welcome to Business Daily and the latest in our series looking at the world economy from the chemical elements up.

0:23.7

Today, the most alluring element of them all, gold.

0:28.2

The remarkable thing about gold is its yellow color.

0:31.3

People have puzzled over this for hundreds of years.

0:35.3

And there is surprisingly little of the stuff to go round.

0:39.2

The best guess is a cube about 20 and a half metres square.

0:44.0

It's a bit bigger than a house, but if you plonked it on the top of St Paul's, it will replace the dome.

0:48.7

Another glittering program.

0:50.9

That's Business Daily from the BBC.

1:04.5

Gold presents a bizarre paradox. In chemical terms, it's virtually useless. The metal is almost completely inert. Yet it is one of the most highly valued substances on the planet.

1:10.0

So what makes gold so valuable?

1:12.6

Who better to answer that than Business Daily's favourite chemist, Professor Andrea Seller of

1:17.4

University College London, and where better to discuss it than at the magnificent exhibition

1:22.2

of pre-Columbian gold artefacts at the British Museum?

1:27.0

That necklace is absolutely fantastic.

1:30.2

They almost look like insect thoraxes.

1:33.3

They do.

1:33.5

They have linked to the locusts strung together, golden locusts.

1:36.9

Stunning.

1:38.9

So we come into, it's almost like a cavern.

1:40.9

I mean, this is a wonderfully designed exhibition, isn't it?

...

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