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Does that explain why gold has been used to make coins and ingots, held in large reserves by governments, etc.? Surely the value of gold is and has for most of
by tshaddox 4y ago
Does that explain why gold has been used to make coins and ingots, held in large reserves by governments, etc.? Surely the value of gold is and has for most of human history been much higher than what would be expected if it were merely a nice metal to make pretty jewelry with.
- dragontamer 4y ago> Does that explain why gold has been used to make coins and ingots Over say, Iron? Yes. Because iron rusts. An iron-coin does not last forever. Copper, Silver, and Gold are easier to take care of, but even old copper/silver coins tarnish and corrode away with time. Gold does not. A gold coin made 100 years ago would be as brilliant today as it was back then... with minimal maintenance. There's a _REASON_ why gold was chosen, all across the world, from MesoAmerica, to Europe, to Asia, as a unit of currency.