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Basically a guy said "How much is your cow?" and the owner said "About 1 pound of gold."
Gold was used in weight back in the ancient times. You weren't gonna go and buy say a house with your credit card. You'd ask how much gold it was and you'd give them the weight.
UNLESS you're talking about gold coins.
Gold coins were used exactly the same as I'd use a quarter today, except they had no bills, so it'd be kind of hard to pay for something expensive in gold coins.
So remember people, thank the Chinese people for inventing paper money!
Wiki User
∙ 13y ago
Gold was used as currency throughout history because of its scarcity, durability, and perceived value. It was easily divided into standardized units for trade, making it a reliable medium of exchange. Gold coins were minted by civilizations to facilitate economic transactions and became a universal symbol of wealth and prosperity.
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Is gold used as currency?
Not anymore.
Why gold is useful for humans?
Humans use gold for a variety of reasons, not the least of which is the jewelry industry. Gold has historically been used as currency or as a backing for currency. Gold is also used in electronics and audio components.
What are some kinds of objects used as currency?
Some other kinds of objects used as currency is salt,furs,grains,and gold.
Does gold exist?
Yes. Gold exists. It is commonly used in jewelry and was once the basis of currency.
What does the name gold mean?
Gold refers to a precious metal that is used to back currency and create jewelry.
What is gypsy gold?
Gypsy Gold refers to the currency used in the fictional video game "The Witcher 3: Wild Hunt." It is the primary form of currency used by the inhabitants of the game world to buy and sell goods and services.
What can be earned at the boardgamegeek website?
"Geek Gold" is the currency of Boardgamegeek. Users earn geek gold by contributing content to the website. This currency can be used to bid in selected auctions and contests.
The first metal used as a currency was gold?
No, they were made of base metal or lumps of silver. The first gold currency was in 500BC, by the Greek, Persian, Macedonian, and later the Roman empires.
What did ancient Egyptians use as their currency?
Egyptians used gold currency The earliest money that we know about was made of pure gold and dates back to the 3rd millennium BC in Egypt. The gold had standardised weights and values.
How did the Aztecs use gold in their society?
The Aztecs used gold as a currency, along with cocoa beans. The chocolate that was made from the cocoa beans was as valuable to them as gold was to the Spaniards. They also used gold for jewellery.
What did the ancient Egyptians use as their currency?
Egyptians used gold currency The earliest money that we know about was made of pure gold and dates back to the 3rd millennium BC in Egypt. The gold had standardised weights and values.
What kind of money did they have in greek mythology?
they used dracmas which r gold coins
