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First off, it's not corrosive, meaning that you can store it for long periods without losing it.
It's durable enough to transport without damaging it, and light enough that transporting it is not overly burdensome.
It's common enough to mint coins out of, but also rare enough that not everyone will have access to it.
It's difficult to fake, which prevents forgery.
And, perhaps ironically, it's basically useless (or at least it was in ancient times, now it's useful for electronics). If you were living in ancient times, you wouldn't want to use use iron or bronze as a currency because you'd be better off making those into tools and using them. Gold, however, is too soft for most practical applications. From the perspective of a government, this also means that it is unlikely to leave circulation since people are unlikely to make anything else out of it.
Michael Scalise
pakhtoon gaming
When you look over this list of Aristotle's criteria, it becomes clear why gold and silver have taken on the role of money for hundreds of year. Both precious metals are durable, divisible, convenient, consistent, and posses intrinsic value. It also becomes clear why paper really doesn't make good money.
lisa v
you can have lots of money caus its gold
breanna.nalley
basically yes
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What is the difference between a commodity form of money and token money?
A commodity form of money is when the value of the money is determined by the intrinsic worth of what makes it. For example, if the money is salt (as was used by the Roman empire) then the value of the money is the same as the value of the same weight of salt in another form. A token form of money is when a form of money (for example a coin) is created that has little or no intrinsic value, but has value because a company or person has agreed to exchange the token for a good or service of value. One example is bus tokens - small coins that can be presented on buses in exchange for transportation.
What are the good things of gold mining?
It became away for people to make money in a short amount of time. and created the Industrial revolution.
Is owning gold good in a depression?
Owning gold during a depression will give you an upper hand because gold has always held a high value and worth. Whereas money such as the dollar, if a depression were to occur then its value and worth would deflate and it wouldn't help as much as gold would.
What are the importance of gold?
One reason is money. The money that we use everyday, paper and coins, is worth nothing, if there is no gold. We use paper and coin money so that we don't have to carry around the gold all the time, which is very heavy and malleable. Another is for jewelry. Don't you just love shiny, golden necklaces and rings? Unless we use brass, which can brown and loose its shine over time, we wouldn't be able to have those things without gold. Typically, gold is combined with other metals to make an alloy. The jewelry we wear is not usually pure gold. Our rings would be heavy and very easy to bend if they were, which is not good. Also, gold can be used in electronics. It is a good conductor, and, as I mentioned before, is easily bent and shaped.
What makes good entrepreneurs?
A good entrepreneur needs to: take it seriously but enjoy it, plan everything, be wise with money, ask for deals/discount, self-promote, confident and be a team leader.
What makes a good data capture form?
what makes a good date capture form
Why is spending money a good thing?
it makes me feel good :)
What is the effect of gold on the body?
it makes a person look good.
What makes a good money?
A country's mint.
What is the difference between a commodity form of money and token money?
A commodity form of money is when the value of the money is determined by the intrinsic worth of what makes it. For example, if the money is salt (as was used by the Roman empire) then the value of the money is the same as the value of the same weight of salt in another form. A token form of money is when a form of money (for example a coin) is created that has little or no intrinsic value, but has value because a company or person has agreed to exchange the token for a good or service of value. One example is bus tokens - small coins that can be presented on buses in exchange for transportation.
What career makes good money with minimal education?
Construction
Which is better gold or 1gm gold?
1gm of gold is just 1 gram of gold. A measurement of its weight. How good it is would depend on its form and purity not its weight
Is oregano gold a good company?
yes and you can win money fast if you join.
Why would it be important to find a job that makes a lot of money?
money is the best thing ever so you need to go to college and get a good job that makes alot of money
Will a gold digger date a married person?
If the married person has money there is a good chance.
What is a better way to say good with money or experience in dealing with money?
This question makes no sense. Rephrase it.
What makes a NHL team?
money, good players, good coach. good gm and of course awesome fans
