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The name Woolgold was a serious contender for the name of Australias capital because wool and gold are the 2 exports that arguably built Australia.

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Q: Why did someone suggest the name Wool gold for the new capital?
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Why did the West Africa trade gold into salt?

Because, salt was needed to flavor food, preserve meat, used for medical purposes, and to keep the body healthy. But in West Africa, salt was a rare. So, West Africans traded their gold for salt. (Salt was so valuable, it was worth its weight in gold. 1 pound of salt = 1 pound of gold.)


Did Spanish gold and silver from the Americas fuel inflation and economic growth in Europe?

Shoot! I entered pretty much this very question on Google to look for an article on it. My wold view is "Spanish gold and silver ransacked from the Americas did cause prices to rise in Europe with no real growth". My understanding is that it ultimately ruined the Spanish economy. The reason is that gold is otherwise a useless metal that when America's share got dumped on Europe, it created a monetary shock that ruined gold's value as money temporarily. Temporarily, Spain got to do nothing productive for a living, sort of speak, while the rest of Europe got duped into serving Spain for free/stolen American gold. Gold is money only in its property of fairly keeping track of economic credits given that no one is able to counterfeit it or find it easily without escaping productive work. Anyways, I'm looking for the authoritive answer because I'm tired of people deifying gold as money -- the real wealth is in the capital which money is a representation of. Shoot! I entered pretty much this very question on Google to look for an article on it. My wold view is "Spanish gold and silver ransacked from the Americas did cause prices to rise in Europe with no real growth". My understanding is that it ultimately ruined the Spanish economy. The reason is that gold is otherwise a useless metal that when America's share got dumped on Europe, it created a monetary shock that ruined gold's value as money temporarily. Temporarily, Spain got to do nothing productive for a living, sort of speak, while the rest of Europe got duped into serving Spain for free/stolen American gold. Gold is money only in its property of fairly keeping track of economic credits given that no one is able to counterfeit it or find it easily without escaping productive work. Anyways, I'm looking for the authoritive answer because I'm tired of people deifying gold as money -- the real wealth is in the capital which money is a representation of.


What is the term for the use of gold as a nations currency?

The Gold Standard. As of 2014 no nation uses a gold standard as the basis of its monetary system, although many hold substantial gold reserves.


Is a 1945 Mexican peso solid gold?

It is a recognized gold bullion however it is an alloy of 90% pure gold and 10% copper.


What reason did the English have for thinking there would be gold in new world?

They didn't have a reason NOT to think there was gold. They wanted riches so they looked for gold and silver. The legend of cities of gold had existed for a thousand years and they didn't know geology so there was no reason to think there wasn't gold.

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Why does masyn berkel brush her teeth with steel wool?

Because gold wool is too expensive


Which Australian state capital is nearest the Gold Coast?

Brisbane, capital of Queensland, is the nearest state capital to the Gold Coast.


Information Required regarding using Wool Fleece for Collecting Gold?

Wool fleece can be used like a sieve to collect gold. It is done by scooping up dirt from the bottom of the river and going through to collect the gold flakes.


What are Australia biggest resource?

Australia is a major producer of wheat and wool. They also mine minerals such as iron ore and gold.


What is the closest capital city to the Gold Coast?

The closest capital city to the Gold Coast in Australia is Brisbane.


What watch would you recommend for someone who is allergic to everything except silver and 22 kt gold?

I would suggest that you wear a sterling silver watch.


Is Llama is a Synthetic fiber?

A llama is an animal and, therefore, llama wool is a natural fibre. However, gold lame is a man made fibre, lame will be sparkly, gold or silver. Llama should feel like wool.


How do you make an amulet on RuneScape?

First you need an amulet mould, a ball of wool, which you can get by shearing sheep and spinning the wool on a spinning wheel, and a cut gem of any sort, and a gold ore. Add the gold ore to the amulet mould, then add the cut gem. Finally, put in the wool and wear your amulet. Voila!


Which country of Africa is known as the Gold Capital of the World?

That would have to be South Africa, because Johannesburg is classed as the Gold Capital of the World.


Near which state capital in the west was gold discovered in 1849?

Sacramento, California is the state capital in the west where they discovered gold in 1849.


What is Canada's capital resources?

Gold


What are Australia's main exports?

Their main exports are coal, iron ores, tin ores, wool, beef, barley, and raw sugar.Other important exports are wine, gold, nickel, eucalyptus and large hydrofoil ships.wheat, wool and minerals (iron, gold).