Yes, but the overwhelming majority of the value of gold is because it is shiny. Up until very recently, it had almost no other practical use other than being shiny. Plenty of other objects meet the definition of “rare” and “cannot make more at will” and “doesn’t degrade over time”. Gold is just the prettiest.
For most of human history, salt has corresponded to this definition. Have you ever wondered why it’s called a salary?
It’s very nice when your wallet is barely keeping afloat and you’re left without money because salt gone form wallet… Or do you mean super cheap rock salt?
Well, to be left without money because I got caught in the rain is not still a pleasure.
Tungsten is also one of the rarest minerals on Earth, despite its relative cheapness.
Good… At a time when gold was still a currency, tungsten was not yet able to be smelted. In addition, when heated, tungsten is reactively oxidized, unlike gold.
Yes, but the overwhelming majority of the value of gold is because it is shiny. Up until very recently, it had almost no other practical use other than being shiny. Plenty of other objects meet the definition of “rare” and “cannot make more at will” and “doesn’t degrade over time”. Gold is just the prettiest.
Well, what kind of items are these that are rare, they cannot be made as much as you want, they do not deteriorate over time And allow processing?
For most of human history, salt met this definition. Ever wonder why it’s called a salary?
Tungsten is also one of the rarest minerals on Earth despite being relatively cheap.
It’s very nice when your wallet is barely keeping afloat and you’re left without money because salt gone form wallet… Or do you mean super cheap rock salt?
Well, to be left without money because I got caught in the rain is not still a pleasure.
Good… At a time when gold was still a currency, tungsten was not yet able to be smelted. In addition, when heated, tungsten is reactively oxidized, unlike gold.