Why do we place such high value to things such as gold and diamonds? Wouldn’t it make sense to put that value on things that are more “useful”?

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Why do we place such high value to things such as gold and diamonds? Wouldn’t it make sense to put that value on things that are more “useful”?

In: Economics

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Anonymous 0 Comments

That would be logical, wouldn’t it? Unfortunately we place value on them because they are not useful, ie their only value is vanity.

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