Ive never been able to understand the concept of gold. Why is it so valuable? How do countries know that the amount of gold being held by other countries? Who audits these gold reserves to make sure the gold isn’t fake? In the event of a major war would you trade food for gold? feel like people would trade goods for different goods in such a dramatic event. I have potatoes and trade them for fruit type stuff. Is gold the same scam as diamonds? Or how is gold any different than Bitcoin?
In: Economics
Big History linked the initial interest in gold to humanity’s survival instincts and attraction to shiny stuff that reminded them of water. Accurate? Dunno! But we like shiny stuff, so there’s that. [Gold – H2 | Big History Project – YouTube](https://www.youtube.com/watch?v=osVtNd5BMnQ)
Latest Answers