How is gold so valuable and the basis of currency, if it’s just being stored and not used for anything?

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How is gold so valuable and the basis of currency, if it’s just being stored and not used for anything?

In: Economics

8 Answers

Anonymous 0 Comments

Just like any other thing in finance related to currency it is based on the confidence of the consumers. The confidence it storea value and that it resist inflationary pressure

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