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

19 Answers

Anonymous 0 Comments

I’m no expert but I’m gonna guess it’s for the same reason Money is valuable. Like what good is a piece of green paper other than holding value. It’s not like we really barter in everyday items anymore.

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