Equating gold to cow manure according to the principle that only that has value which you and others think has value is ridiculous. It ignores several thousand

Equating gold to cow manure according to the principle that only that has value which you and others think has value is ridiculous. It ignores several thousand years of history during which gold = money. The question is: Why? Because gold is relatively, but not extremely, scarce; it cannot be manufactured; it is durable; it is easily divisible; and sufficiently small amounts are valuable enough according to the above factors so as to make it practical as a portable store of value. Since these traits, at least on planet earth, endure regardless of the various cultural and economic trends which overtake economies from place to place and from time to time, gold is insulated from the shifting winds of human whim like no other substance on earth. THAT is why gold has = money for thousands of years. No store of wealth based upon GDP or legal tender laws can compare because all such stores of wealth are transitory, and given time, will fail.