People have traded gold for a really long time. With accurate measuring devices and the internet for variable prices, why do people use individual nations currencies and crypto which are often unstable?
In: Economics
When coins were made of gold and silver people would file shavings off them, make coated fakes, the coins thus were destroyed and degraded, practically it is easier to create a currency that is linked to the value of gold than to carry the actual gold
Latest Answers