How did ancient countries get richer by mining gold or diamonds?

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Historically gold has been used as money. The value they had was the social acceptance behind them as a means of easing transactions. So wouldn’t mining more of it add more into circulation and lead to inflation (And with it a lower value of it’s value) back in those times? What gives?

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Anonymous 0 Comments

There is a reason we know if Timbuktu and use it daily as the middle of know where. The Mali empire is probably where you would want to start or Finish this knowledge as they were so epically rich. Think it was the 12th century and dude owned like half or more of the world’s gold at the time.

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