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

Gold and diamonds are shiny and pretty. And rare-ish. That’s enough to make them much sought after, and high priced.

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