>Its use as a money standard is arbitrary. But it is not. Gold is finite which is important for a currency. Gold is one of the easier metals to work with/coin, which is important, at least historically. And Gold is…
Yes, people will still purchase the $.25 gold ring over the $.25 plastic ring. Do you ever look at two identically priced items and purposely purchase the one of lower quality?
Very, if you like high quality items. Unlike plastics and most other metals, Gold is easy to work with (i.e. non-brittle, low melting point, easy to mold/cast, it is conductive so its easy to plate other metals) and it…
>Gold has no inherent value at all apart from some minor uses of relatively small amounts in the economy. I've never understood this argument that gold has no inherent value or no use in economy. First, lets acknowledge…
>Its use as a money standard is arbitrary. But it is not. Gold is finite which is important for a currency. Gold is one of the easier metals to work with/coin, which is important, at least historically. And Gold is…
Yes, people will still purchase the $.25 gold ring over the $.25 plastic ring. Do you ever look at two identically priced items and purposely purchase the one of lower quality?
Very, if you like high quality items. Unlike plastics and most other metals, Gold is easy to work with (i.e. non-brittle, low melting point, easy to mold/cast, it is conductive so its easy to plate other metals) and it…
>Gold has no inherent value at all apart from some minor uses of relatively small amounts in the economy. I've never understood this argument that gold has no inherent value or no use in economy. First, lets acknowledge…