this post was submitted on 06 Dec 2023
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[–] teft@startrek.website 8 points 11 months ago (6 children)

What value does gold have other than it doesn’t rust and it looks pretty?

It’s the same thing essentially. Latinum looks pretty and can’t be replicated therefore it’s a good currency.

[–] Bonehead@kbin.social 6 points 11 months ago (4 children)

Gold is used in a variety of applications. You're likely holding a device filled with gold right now. Even before the computer revolution, is was still used in medical applications. There are tons of uses for gold that don't involve currency.

[–] teft@startrek.website 7 points 11 months ago* (last edited 11 months ago) (1 children)

Yes it does have applications nowadays but when gold was used as a monetary store we didn’t have electronics. Gold was mainly used because it is shiny, easily workable, rare, and never corroded.

[–] Bonehead@kbin.social 3 points 11 months ago

It was shiny, easily workable, and didn't turn your skin green. As a jewelry metal, it was much more valuable than as a currency. It had uses other than just money...

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