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Gold and silver, besides industrial uses, have been used both as currency and jewelry for a long time.
by newsclues 9mo ago
Gold and silver, besides industrial uses, have been used both as currency and jewelry for a long time.
- morgoo 9mo agoAnd why are/were they used as currency?
- port11 9mo agoThey’re durable, resistant to corruption, relatively rare, pretty… Titanium or gems would’ve been equally used if they were equally convenient. Not to mention that coinage could be minted or mixed with, say, copper. Gold makes good alloys and can be recovered later.
- throw0101c 9mo ago> And why are/were they used as currency? Because there was no useful alternative and/or we didn't know better.
- newsclues 9mo agoCurrency as jewelry is a good way to secure and carry your wealth as well as display it as a status symbol (or hide it). A ring is just a coin you wear on your finger.
- throw0101c 9mo ago> Gold and silver, besides industrial uses, have been used both as currency […] So has credit, with documented uses earlier (Ur III, 3000BC) than gold (Lydians, 600BC).