Gold

Definition

A yellow precious metal that is valued for its rarity, malleability, and luster.

Analogy

Gold is like the star athlete on a sports team - rare, valuable and everyone wants a piece of it. Historically, gold has been sought after by civilizations for its value and symbolic status.

Related terms

Gold Standard: This term can be compared to being named MVP of your sports team - it's an economic policy where currency value is defined in terms of gold.

Conquistadors: These are like scouts looking for new talent or "gold". They were Spanish explorers who sought gold among other things during their conquests in the New World.

Inflation: This could be likened to an injury on our star athlete (gold). When there's too much gold or money circulating in an economy without corresponding growth in goods/services available, prices increase.