why was gold chosen as the mineral for money

why was gold chosen as the mineral for money

  • Why Gold Came to Be a Currency NYTimes

    Aug 3, 2011 ... Sanat K. Kumar, who spoke to "Planet Money" about gold in February, ..... will lead to the ability to transform particles into a mineral like gold.

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  • Why Did Both Silver and Gold Become Money? Forbes

    May 10, 2014 ... However, it is important to understand honest money if we are to break the cycle of financial crises and move forward to the gold standard.

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  • Coinage metals Wikipedia

    The coinage metals comprise, at a minimum, those metallic chemical elements which have ... Gold, silver and bronze or copper were the coinage metals of the ancient world, and most medieval coins. All western histories of ... Since that time, coins have been the most universal embodiment of money. These first coins were...

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  • Why is Gold Valuable? The 5 Reasons Most Investors Overlook ...

    Oct 7, 2015 ... Over thousands of years, gold emerged as the best form of money. .... We know gold is valuable because mankind has chosen it, history has...

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  • platinum and silver, their uses and the world's first money

    And several that are rarer than gold are listed below. ... Mineral and Energy Production : United States Geological...

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  • Why do we value gold? BBC News BBC

    Dec 8, 2013 ... Yet, of all the 118 elements in the periodic table, gold is the one we humans have always tended to choose to use as currency. Why? Why not...

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  • Uses of Gold in Industry, Medicine, Computers, Electronics, Jewelry

    Of all the minerals mined from the Earth, none is more useful than gold. .... Some early printings of paper money were backed by gold held in safekeeping for .... Gold is chosen for use in a king's crown because it is the metal associated with...

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  • How was it decided that elements like Gold are worth so much ...

    How was it decided that elements like Gold are worth so much money and that elements ... but are a balance between the cost of producing a mineral (extracting it from the .... The element gold was probably chosen for the following reasons:

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  • Why Did Gold Become the Best Element for Money? Live Science

    Nov 22, 2010 ... Plenty of elements could make great currency, but gold is the hands down winner. Learn why gold is the best element for money at Life's Little...

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  • Why is gold considered so precious and why does it have such high ...

    World needs some currency system to handle trade. It can be anything ... The inferior mineral nicknamed fool's gold only mimics gold in looks. Pyrite is more...

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