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Gold was valuable in the late 19th century due to its role as a standard of currency and a measure of wealth. The gold standard, adopted by many nations, tied the value of currency directly to a specific amount of gold, ensuring stability and trust in financial systems. Additionally, gold was sought after for its use in jewelry, electronics, and as an investment, especially during economic uncertainties and booms. The discovery of gold in various regions, such as the California Gold Rush of 1849, further heightened its demand and value during this period.
What else can I help you with?
What is the most valuble mineral?
Gold
Why was Mexico a valuble colony for Mexico?
It was rich in gold, silver and iron.
Does Egypt use gold for money?
No they dont use gold as currency.. they have the Egyptian pound gold, though, is very valuble as it is everywhere...
Is there anything valuble on Saturn like gold?
Catalytic Converter....they are made with Platinum
Is gold still rising in value?
Actually yes because it is a valuble by product of America.
If a diamond is valuble, is Ruby also?
Diamond is Popular & valuble of all gemstones. Ruby is a valuble gem too.
Are wedding rings refundable?
Some wedding rings are refundable depending how valuble they are. If very valuble it is not refundable if not valuble not refundable.
What made gold a valuble metal?
it's rare and it looks funnyit doesn't rust, it is very useful and it is the only yellow metal.
What is gold mostly used for?
Mostly it is used to back national currencies as it is considered one of the rarest and most valuble elements on Earth.
In great Zimbabwe what was more valuble than gold?
great Zimbabwe's location in southern Africa led to it being the capital of trade in the area.
How is a friend valuble to a friend?
A friend (Friendship) is valuble to a Friend because, they may be loving themselves as sisters.
What does invaluble mean?
Not valuble
