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Gold is an nonreactive and pretty metal, which itself makes it valuable. People independently regarded it as valuable across different cultures for thousands of
by Aunche 3y ago
Gold is an nonreactive and pretty metal, which itself makes it valuable. People independently regarded it as valuable across different cultures for thousands of years.
Fun fact: Technically, you could buy $50 dollars of groceries with an American Gold Eagle. You'd definitely confuse the cashier though.
- 13of40 3y agoMost of the people holding gold in a serious sense never actually see or touch it. They delegate that to trusted entities who can provide all the physical security and auditing that an average person can't. I feel like there's a parallel with the blockchain, in the sense that actual bitcoin is "heavy" to move but you can to a lot of IOU deals on the fringe of it.