How is gold so valuable and the basis of currency, if it’s just being stored and not used for anything?
In: Economics
Back in the past, gold was valued as a precious metal because it was shiny and pretty. And soft, which meant it could be shaped easily.
It was used as money because it *was* a precious metal, so it was a store of value. It didn’t rust, could be made pure, could be made less pure, could be formed into standard-ish shapes like coins and bars. So it was useful for trade with strangers.
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