Why Is Gold The Perfect Element For Currency?

Рет қаралды 140,545

Күн бұрын

Episode 2 of 3
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If there were to be one element to use as a currency gold would be it. It's malleable, rare but not too rare, not dangerous and pretty!
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Previous Episode:
Wait… Gold Came From Ancient Asteroids?: ??
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Sources:
Why Did Both Silver And Gold Become Money?:
www.forbes.com/sites/keithwein...
"We live in a world of central banks and paper money, so the question of why two different metals became money may seem moot."
List of Precious Metals:
chemistry.about.com/od/metalsa...
“Some metals are considered to be precious metals. Here's a look at what makes a metal precious plus a list of precious metals."
Toxic Elements With No Nutritional Value:
chemistry.about.com/od/toxicch...
“Have you ever wondered which elements are toxic? Everything is toxic if the dose is high enough, so I've compiled a short list of elements that have no nutritional value, even in trace amounts."
Why Did Gold Become the Best Element for Money?:
www.livescience.com/32863-gold...
“Why did gold become the standard for money? Why not copper or platinum or argon? A chemical engineer explains. An element must meet four qualities to stand alone as a premium currency, Sanat Kumar, the chair of the chemical engineering department at Columbia University told NPR.”
Why Do We Value Gold:
www.bbc.com/news/magazine-2525...
“Mankind's attitude to gold is bizarre. Chemically, it is uninteresting - it barely reacts with any other element. 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."
The History Of Gold:
www.nma.org/pdf/gold/gold_hist...
“4,000 B.C.: A culture, centered in what is today Eastern Europe, begins to use gold to fashion decorative objects. The gold was probably mined in the Transylvanian Alps or the Mount Pangaion area in Thrace."
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DNews Plus is built for enthusiastic science fans seeking out comprehensive conversations on the geeky topics they love. Host Trace Dominguez digs beyond the usual scope to deliver details, developments and opinions on advanced topics like AI, string theory and Mars exploration. DNews Plus is also offered as an audio podcast on iTunes.
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Trace Dominguez on Twitter / tracedominguez
DNews on Facebook / discoverynews
DNews on Twitter / dnews
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Пікірлер: 388

@TXLionHeart 3 жыл бұрын

Exactly! Gold isn't valuable just because it's rare; it's valuable because it's rare AND because it has very useful properties.

@inquaanate2393 8 жыл бұрын

It's not perfect, it's just the best.

@optimusprime1623 8 жыл бұрын

Go fuck yourself

@Mr.Anders0n_ 8 жыл бұрын

+Optimus Prime um, why? Trolling is best done AFTER starting talking about a specific topic

@inquaanate2393 8 жыл бұрын

Optimus Prime Dude, I want to fucking die, your argument is invalid.

@ennerbuddy2956 8 жыл бұрын

I like tungsten

@WolfieDMinecraft 7 жыл бұрын

+Morru Qu'aan Rekt.

@Master_Therion 8 жыл бұрын

Gold conducts electric currents... so it's currency. ;)

@capo200christian 8 жыл бұрын

wait wha

@firefox3249 7 жыл бұрын

I hate you.

@RandyLunn 7 жыл бұрын

Charging a battery is a re-volting process.

@Master_Therion 7 жыл бұрын

Randy Lunn LOL

@trexkiro9200 7 жыл бұрын

LULSZ!;D

@pawanpai1663 8 жыл бұрын

gold will hold its value until we start mining for it on another planet..pretty much another 300-500 yrs

@cortster12 8 жыл бұрын

Another planet? Nah -- asteroids. If we mined other planets, the cost would be much more than mining asteroids because you only need to escape Earth's gravity and atmosphere, while going to another planet would require more.

@Tarek-io7pz 7 жыл бұрын

I heard that gold price may drop as low as 700 dollars an ounce. . do you think that's true

@cortster12 7 жыл бұрын

haboab16 haboab One day it may be only slightly less common as dirt.

@eolay4411 7 жыл бұрын

Would've been cool if you mentioned African kingdoms and their connection to gold like Mansa Musa

@rolleninfante4919 4 жыл бұрын

Philippines has a lots of gold..a metric tons of gold and yet we are considered as 3rd world country..philippines mined gold for over thousand year while africa they produced gold late 17th century

@eolay4411 4 жыл бұрын

@@rolleninfante4919lol not true

@rolleninfante4919 4 жыл бұрын

@@eolay4411 have you ever heard Marcos gold? if you search in wikipedia ,Philippines is no.2 next to south africa .but philippines mining gold for how many century..The Real Name of the Philippines before the Spanish occupation for a almost 400 years was OPHIR means land of gold..and that is from the bible..

@eolay4411 4 жыл бұрын

@rollen infante I would never comment on the Phillipines as I don't know enough about it. From your false comments on Gold production only starting on the 17th Century on the continent of Africa....I would suggest you do the same.

@NinaKlos 8 жыл бұрын

Gold is in our electronics: smartphones, headphones, computers ect. There you go.

@BrandonshanesProductions 4 жыл бұрын

Yeah but only in little amounts and it's still valuable because you have use a lot of chemicals to extract it

@dpounder101 3 жыл бұрын

That doesn't explain why it's been used for trade since long before electronics even existed...

@timscoviac 3 жыл бұрын

Compared to other metals or materials we use it is still rare. There are metals even more rare that have value but it’s not practical to adopt as a popular currency. When you see gold all in one place like a reserve it looks like a lot. If you seen a room with as much steel or copper we could find it would be much more massive. When mining for gold you don’t get a lot at a time like steel or copper or other metals. The world has been mining for gold for 1000’s and 1000’s of years so we have accumulated a decent amount over time, didn’t happen over night. Also it makes for a great currency as a metal because of eye appeal, being soft and easy to manage, doesn’t ever corrode like other metals and rarity, yet not too rare like some metals, so it has “liquidation” if a country needs it. Where as some metals are so rare and used in industry that they are not liquidated easily, so not a good form of money to back up our currency. Especially if a country needed it fast. Also at the end of the day we need something to call our “physical money” next to our paper money, a insurance policy that is practical and durable, and metals are durable, other things are not durable or storable like food and other things we used in history as money. Metals that are not rare like steel, copper, nickel etc are out of the question because we have a lot and corrode. You need a metal that is rare but not too rare and lasting so there’s enough to go around and be liquidated easy. And also the yellow gold color in itself is a rare color for metals and eye appealing as there are more chrome colored metals in the world. Not saying silver isn’t good either as it is also more rare and better looking then most metals of silvery color and the best conductor of electricity. Gold doesn’t get used a whole bunch in industry which is kinda perfect as well. It still has a need but not to the point where it’s all going there.

@timscoviac 3 жыл бұрын

@@dpounder101 because you need something durable that lasts and gold don’t corrode and it’s easy to work with and rare compared to other materials and eye appealing

@NinaKlos 3 жыл бұрын

@@timscoviac You replied to a comment so old I don't remember making the comment or what it was about xD

@tristanbeligan6242 8 жыл бұрын

"Thirsty not in the modern sense" 😂

@tzucwizard 8 жыл бұрын

Trace I swear.. if DNews Plus changes its host like they did multiple times on DNews.. im unsubbing. You were the reason I started watching DNews and when someone else kept on replacing you I just didn't want to watch the videos anymore..

@optimusprime1623 8 жыл бұрын

Go fuck yourself

@fernadot.baltazar4486 8 жыл бұрын

+Optimus Prime go do something else you're annoying

@kevinportillo1971 8 жыл бұрын

Yeah, Trace is the one that actually presents these topics in an interesting way. But they can use others to present topics otherwise people can get bored...

@XAceGalaxyX 8 жыл бұрын

Agreed! Never leave us Trace, I will find you and make you do my own personal Dnews

@JJs_playground 5 жыл бұрын

Diamonds are NOT rare

@adaml2932 4 жыл бұрын

Ur right. The Jews who own the market control it's release 2 keep prices up and deflate prices of "old used diamonds" as if a ring isn't the same kuz it's been worn b4

@pusongmanhid 4 жыл бұрын

Diamonds are hard to find. You can't find it just like normal dirt rocks.

@ronpaulrevered 8 жыл бұрын

Competitive currency is where it's at. The people will choose the best commodity to become money. Gold, silver, bitcoin, or wheat, whatever. End legal tender laws.

@GENERALWACKASS 7 жыл бұрын

I like how you explain your research.

@fberumen2307 7 жыл бұрын

The problem with a finite source is that it's finite, it can come a time where one is the only possessing the currency

@mdabdulquadir6136 5 жыл бұрын

Awesome video.. thank you for making this video.

@abrahamchapman 8 жыл бұрын

Do a series on currency!

@johanneslindmeier5735 7 жыл бұрын

Money is Gold and Silver. Currency is paper. There is a difference.

@Cleric775 5 жыл бұрын

For someone with a name Nutella, that is a very smart thing to say.

@SaeedAhmad-um2zx 4 жыл бұрын

@@Cleric775 u replied to a 3 year old comment

@stirfry4751 4 жыл бұрын

@@SaeedAhmad-um2zx you replied to a 6 month old comment

@SaeedAhmad-um2zx 4 жыл бұрын

@@stirfry4751 you replied to a month old comment

@stirfry4751 4 жыл бұрын

@@SaeedAhmad-um2zx you replied to a comment that was 21 minutes old.

@JermStone 8 жыл бұрын

"I love gollllllllllllllllld! The look of it, the taste of it, the shmellll of it. I love gold so much that I even lost my genitalia to an unfortunate smelting accident." - Goldmember

@iJohnson-nx3hu 8 жыл бұрын

😂😂😂😂😂😂 ahhhh haustin power's daddy fasher 😂😂😂

@uhohhotdog 8 жыл бұрын

Give me my avatar back

@JermStone 8 жыл бұрын

Uhohhotdog Gaming Not sure if I should or not...

@ena3969 8 жыл бұрын

dis comment section lol

@uhohhotdog 8 жыл бұрын

Ena Sim or that comment section?

@ricois3 8 жыл бұрын

TALK ABOUT SILVER NEXT! It's the people's money! Unlike gold which is for the rich.

@rashisti 8 жыл бұрын

The true currency of the poor man is brass.

@commode7x 7 жыл бұрын

The true currency of the poor man is blowjobs.

@dibdap2373 3 жыл бұрын

@@commode7x cigarettes for prisoners.

@themajor743 7 жыл бұрын

Interesting article came out a short time ago. Ag mixed with Ti makes a very hard alloy which is wear resistant and non-toxic. It's being investigated for use in things like joint replacements where Ti is currently used but only lasts about 10 years before it wears out. Check it out: β-Ti3Auin Science Advances

@streetlight7444 4 жыл бұрын

what is more valuable gold or oil? same question when we ask what is more important quality or necessity. they have different assets and effects in the economy. now the real question is which one can be fast moving and increase productivity with higher income return?

@PikaPetey 8 жыл бұрын

goldfinger!! he's the man, the man with the spiders touch!!

@commode7x 7 жыл бұрын

Such a cold finger

@Loganmanko 7 жыл бұрын

Correct me if I'm wrong but I don't think vanadium is toxic to touch ? Generally interested in finding this out.

@lilialola123 8 жыл бұрын

A new series on QUANTUM MECHANICS please!!

@jessesivonen3861 8 жыл бұрын

Could you start uploading DNews+ to SoundCloud?

@nerfcamoboy 8 жыл бұрын

congrats on 400k guys

@pikminlord343 7 жыл бұрын

even more great points

@Wiloptic 8 жыл бұрын

whats the url to podcasts from this channel

@maxmustermann76 8 жыл бұрын

what about silver ?

@aceman67 7 жыл бұрын

The idea that Diamonds are 'rare and valuable' is a myth created by the Jewelry Industry in the late 1800s and early 1900s by the DeBeers company, who started the notion that every bride should have a diamond engagement ring and that ring should cost one months salary. Diamonds themselves, however, are not rare, they're actually pretty abundant, there's a whole national park in the states where you could break open a large rock on the ground and find diamonds. But that's an exception, most diamonds are just hard to get too.

@KungfooBucket 7 жыл бұрын

Silver reacts with lots of things, that's why it tarnishes.

@crystalidx 3 жыл бұрын

Imagine if gold were more common throughout the world. There is no such thing as credit cards, bank accounts, or banking institutions, and we simply rely on gold coins as a means of exchange. The world would look so drastically different, many problems of the real world would not exist to the same extent. Society does not have to have an economic system that we see in this world. Everyone can do whatever they want to do while the byproduct of that would be more gold to use as money. We would not have to live like slaves to the capitalist economy, earning money by doing things that we hate or would rather not spend time doing. Everyone contributes their own productivity to the society as a whole. This would bring a more socialized atmosphere to the inhabitants of this society, where everyone shares cultural and social standards without a legal system. There would be no hierarchy or governments, everyone is equal and has an equal voice in the society. Technology may exist but not destroy the natural world to the extent of a capitalistic world. If there would be injustice, the inhabitants will punish those who break the social order by social sanctions thus decapitating the unjust behaviour. The world would be a much more freer and healthier society, where life is a blissful reality and fulfilling life. There is no need for extreme greed or mass conflict, life may actually feel like it’s worth living for. Everyone would be happier and socially connected with each other, there would be no need to fight for resources and everyone would have equal rights to the basic needs of life. In conclusion, in a world without digital money or banknotes, but a world that is more abundant in gold to the extent that it can be used as a form of currency like the ancient times of the real world, we wouldn’t have to make a living doing something we genuinely hate and waste our lives doing.

@rzqazhar5622 8 жыл бұрын

Nice video man, as usual. I noticed you looked at the screen more frequently now lol. Whats wrong?

@viktoriaxy3630 8 жыл бұрын

the thing about the desire for water was very interesting could you do a series about it? how our instincts are used in marketing?

@DrexelGregory 7 жыл бұрын

4:38 Silver does tarnish though

@timscoviac 3 жыл бұрын

It can be easily cleaned off as well

@michaelherrera116 4 жыл бұрын

They do not have value because they are rare, the scarcity adds to the value however the utility is what gives and stores it's value. No matter what shape, no matter what age, no matter what oxygen exposure, the gold properties will never change.

@timscoviac 3 жыл бұрын

Yes never corrodes unlike other metals and very eye appealing. It’s durable and rare but not as rare as some metals so it still has liquidation

@SilverHonda0767 2 жыл бұрын

The only problem with gold is I don’t own enough of it.

@koitheawesome 2 жыл бұрын

Does anyone know of a book, lecture, or any other resource that thoroughly explains why gold may be a better standard of money than other metals like silver, copper or iron?

@carlospomales8745 8 жыл бұрын

trace you mentioned krypton. I was thinking can DNEWS do a segment on comic books?

@Cleric775 5 жыл бұрын

Krypton is a noble gas element. However, fill a room with enough of those things and people can "drown" in it.

@chrisridge5504 8 жыл бұрын

How big were gold coins?Do we know how much were gold coins worth for use to buy stuff?Like how many gold coins would a common sword cost or something.

@kendelion 8 жыл бұрын

where is the playlist for this episodes? :(

@optimusprime1623 8 жыл бұрын

Go fuck yourself

@hurdur6828 8 жыл бұрын

+Optimus Prime you act like a toxic child

@kendelion 8 жыл бұрын

hey i was just looking for the playlist so i can listen to it while doing something! Dont fight!

@hurdur6828 8 жыл бұрын

+Kitsune Ken idk I just watch the uploaded vids XD

@vangchip 8 жыл бұрын

If you have iTunes, they have podcasts to download! Super cool. If you don't have an IPhone then I'm not sure

@astromec6303 8 жыл бұрын

Talk about uranium and other radioactive material next.

@qqkthxbye 8 жыл бұрын

No wonder golden weapons on Overwatch costs so much

@InXLsisDeo 7 жыл бұрын

So if gold has the same origins on extrasolar planets, i wonder if it would have the same rarity, use and value on extra solar civilizations ?

@bilalburney9338 4 жыл бұрын

Silver is used in many Industries, what is real Industrial uses of Gold.

@Seryeth 8 жыл бұрын

Ironically, i knew of this thanks to videos of Fallout 4 and its Bottlecaps

@androxlol3754 7 жыл бұрын

Thank you for welcoming me and my ancestors to this margin planet

@jameshumphrey9939 7 жыл бұрын

or " why is an abacus the perfect tool for computing " the plastic is in your pocket is the best form of currency.

@nebojsagalic4246 7 жыл бұрын

Emperors picked it as a way of imposing poll taxes cheaply. You take control of the mines, churn out standardized coins with your seal on them and demand your subjects pay their taxes in these coins, forcing people to give whatever they have in exchange for them in order to pay taxes and not be enslaved or crucified. The coins don`t rot, and people can`t just strike their own for lack of both materials and technology. Voila, whoever you give your fancy coins to can now get access to whatever they want, anywhere in your empire: Just give those little golden suckers to your troops and you don`t have to worry about supplying armies any more. That is why coins became the basis for economic life.

@ketfoen 8 жыл бұрын

Economies fail and gold becomes the commodity they need to get it back up and running, because it's easy money.

@carlospomales8745 8 жыл бұрын

"two groups; thirsty people and not thirsty. literally thirsty, not the other kind" haha

@JeremyWS 7 жыл бұрын

I eat a peach each morning after my cereal. Gold is great for currencies and jewelry. I have some gold in my high school class ring. This was a great video. Keep up the good work. God bless you.

@andrerodrigues2706 7 жыл бұрын

The island of gold that inspired Columbus was called Cipango also know as Japan

@rolleninfante4919 4 жыл бұрын

the Land of Gold is Ophir..in the present day Philippines..over milions of metric tons of gold..try to Watch the Documentary of God culture solomons series .infact have ever heared the marcos gold?

@dec8256 7 жыл бұрын

LMFAO "You might think the coat is valuable because it's cold, but you might think the fish is valuable because it's hungry."

@ChrisComstock612 8 жыл бұрын

it increases the amplitude of the electromagnetic field of your brain. monotomic gold. or ORMEs. Orbitaly Rearranged Monotomic Elements of the platinum group

@arizahmed5299 2 жыл бұрын

We should turn to gold silver currency instead of using currencies whose value keeps changing according to those who control the system.

@austinlove544 8 жыл бұрын

Why did we change from hard money (gold holding the value in US dollars) to soft money (the US dollars are only worth something because we say they are)?

@uhohhotdog 8 жыл бұрын

Because basing a currency on gold causes large booms and busts. It's not stable.

@joebonsaipoland 8 жыл бұрын

Gold, silver, bit coin are all bogus they have no intrinsic value , you can't eat them, you can't sleep in them you can't wear them and they don't pay interest. These are just thing we SAY have value, just like paper money. No difference.

@mitchiemasha 7 жыл бұрын

Because there isn't enough gold in existence, it's unstable and has much better things to be used for. Dept is a much better system. The main bank/government 'guess' how much it's people are worth in the world. They then loan the banks money, who then loan the people money, at interest, to pursue their goals, develop their ideas (or other peoples goals, ideas). Those ideas become of a much greater wealth (because we believe in progressivism) than the initial loan, covering the interest and the ideas that fail. The problem begins when nations of people take more in worth than they can give back. National Debt is often used as a scare tactic when in actuality a nation not in debt to itself or the world, would be bad, it would show a lack of trust, investment into it's people. It creates a huge stagnate in growth. There would be no investment, we'd have to wait years to earn what was needed. So with all that in mind. The current currency of any nation using 'Fiat' is based on it's people and what they can generate in wealth for the world. If they all become lazy, uneducated fools with nothing to offer, interested only in self greed, the nation will crumble under it's own debt. This is the best currency possible, not the, lets see who can get the most gold out of the ground.

@helmholtzthemulewatson4763 7 жыл бұрын

Because the gold use to have a relatively stable value, mining practices and industrial demand changed that and made gold to vulnerable to speculation in a world were people could move from gold to currency and from one currency to another.

@pepidelgado 7 жыл бұрын

zinc?

@TheAhmedvienna 7 жыл бұрын

Gold is not a rock. Gold is a metal. :)

@Wallabynge 7 жыл бұрын

People think that our paper currency is baseless, and they think that gold is REAL, but, in fact, what debases the currency is USURY/LENDING. This is explained nicely in a doco called Bitcoin, the end of Money. Say you live in a world where gold is your currency. You pile up $500K of it in your living room, so you feel a bit vulnerable. The reality is that whatever you use as a currency has value, so if you stockpile it, you aren't using it, and people can raid your house. So, what do you do? You pay someone to hold it in a vault for you. Pretty soon, the guy with the vault has a large pile of it, that just sits there. So, he says to you: "I can lend this out and get 10% interest for you. That will cover your 3% holding charge nicely." You say OK. So, 95% of the pile of gold gets lent out at 15%, and you have a nice little earner. Whoever you lent the gold to, now has a pile of gold, that he has to put somewhere. He puts it in another vault. Guess what happens to 95% of the money in that vault? Pretty soon, the gold that you put in a vault has gone over the horizon, and been lent out 20 times. You can never get it back, because you lent it.

@RaceForTruth 8 жыл бұрын

The total amount of gold ever mined is surprisingly small.

@CultLeaderSydney 4 жыл бұрын

I would think the most nutrient dense food and water would be a better currency

@parisosuch7326 8 жыл бұрын

"Sousands" :30

@saif736 8 жыл бұрын

l like this pattern of podcast especially the subtopics below. keeps things interesting

@ricois3 8 жыл бұрын

It's has the best infrared reflectivity. Silver has the best reflectivity.

@rustyrelicsfarm2406 5 жыл бұрын

Gold is such a beautiful substance

@paulorugal 8 жыл бұрын

If the amount of gold is finite and the population grows in a exponential rate. Does it mean that over time, gold will increase it's value and the people that are being born at each moment are less likely to own the same (n grams of) gold? Isn't there a better alternative to trade than a 'shiny rock' ?

@jerseydragon8233 8 жыл бұрын

Digital currency. We already have it, we'd just need to make a full transition.

@snowmoon7385 2 жыл бұрын

Nice..the guy knows muxh about best currency...but without usury its perfect.

@rashisti 8 жыл бұрын

Gold has strong magickal properties as well.

@PikaPetey 8 жыл бұрын

wow what's magikal?

@rashisti 8 жыл бұрын

Pikapetey Animations According to French scholar Christian Jacq "This magick can perhaps be defined as the essential energy which circulates in the Universe of the Gods, as well as in that of humans...Spirit and matter are woven out of the same substance. The important thing in the practice of magick is to identify the thread which links everything and unites all creatures in a chain of cosmic union." Since all the mined gold in the world fits inside three olympic size pools, any gold you touch was forged in a neutron star, came to Earth in a cosmic asteroid journey, was mined and smelted and interchanged many human hands. It has strong Magick indeed.

@SpaceCakeism 7 жыл бұрын

Then, the question is; why is there no currency of Bismuth then? Bismuth looks amazing!

@JamesAw 8 жыл бұрын

Interesting

@MyHusbands 3 жыл бұрын

An island of endless gold is in Indonesia. Papua have largest gold mine.

@xavierh3264 8 жыл бұрын

last time i was this early i um i dont even know just happy im here

@xavierh3264 8 жыл бұрын

+Optimus Prime i am amazon prime hahaha i love that

@gilleskoning 8 жыл бұрын

Good morning

@AsitorCorporation 8 жыл бұрын

I have 4 troy ounces of gold. May not sound like much but look up how much that's worth, and for me being 16 I'm pretty impressed it.

@TheGreatBeard 7 жыл бұрын

That's a lot more than most people have who are 3 times your age. Good job!

@amommamust 3 жыл бұрын

You have some good info, but your title and video use the word "currency" where the word "money" is correct.

@BrantWeckstein 8 жыл бұрын

Its used in solar panels and some windows i think

@thehunted6308 8 жыл бұрын

It's found in super computers and computers in general, phone, satellites and wires. it's really good at conducting electricity if I am right not sure about that last one.

@BrantWeckstein 8 жыл бұрын

The Hunted true, i forgot about that

@carultch 7 жыл бұрын

Actually, Silver outperforms Gold in electrical conductivity.

@neweraccount5615 5 жыл бұрын

Aliens said long ago it needed to be mined because of its currency “abilities to pass electricity without over heating” copper is more conductive but doesn’t dissipate heat aswell , if we used copper in our devices they would burst into flames. Think about it, what was gold used for? Practically nothing that would not render it recyclable , jewelry ,some wiring but for the most part was just stocked up and would it have been stocked up if SOMEONE didn’t know it would be NEEDED for high tech electronics very shortly before and after 2012 for communication as speedy as the Mayans and others of that time explained.... kinda like the movie “the village “ we have no clue how advanced our predecessors are rendering us more easily controlled..... it wasn’t until right before the twin towers came down that the gold was pulled from the vaults underneath the towers and taken to be used in “future” (which is yesterday and now ) communications devices...... why else would gold have been so important in those times, did old westerners really think it was so rich people could have rings and watches? Why did they think rich people would even want it? Someone was told it was what held value and they asked No questions as to WHY .. seems food is what would keep one alive not a gold ring or lamp ....

@mauricemarsh5338 7 жыл бұрын

so..... are you the one who make this video or did someone else to do it for you.

@nemodot 7 жыл бұрын

The problem with gold is that mining for gold is really labour intensive and causes toxic cyanide runnofs whenever accidents happen.

@ronzac55 8 жыл бұрын

For theory of evolution sakes, i got 5 minutes advertisement before the video. I can't skip that and it's really annoying.

@MukoroJr Жыл бұрын

I like this guy 😂😂😂

@mervinmarias9283 3 жыл бұрын

Gold makes a much better form of electronic payment. Have it stored elsewhere and just have a guarantee that you own it. Same way you would with your money in a bank. It doesn't change value as quickly as bitcoin(in general) and instead of satoshi's you can just buy and exchange it according to weight.

@Ryantrock8888 2 жыл бұрын

Never truly a guarantee unless you own it physically

@n00btotale 7 жыл бұрын

If we used mercury for currency, Cody from Cody's Lab would be a billionaire.

@gregmiller9710 7 жыл бұрын

columbus thought he was the indies..he was looking for a shorter route, no?

@mitchiemasha 7 жыл бұрын

People and their ideas is the best source to back currency. No rare element should be used in todays markets. It has a much better purpose/use and theirs not enough of it to go round. Using rare elements for currency is to waste it's potential use.

@jarrod752 7 жыл бұрын

Fun Fact: You can degrade mercury to gold by subjecting it to voltage over time.

@Cleric775 5 жыл бұрын

That's Alchemy. One would have to change the protons, neutrons and electrons to match that of gold.

@dragoola69x 8 жыл бұрын

Gold. Gold is nothing compared to silver and copper. I crave electricity

@jaq179 7 жыл бұрын

Shelf stable, Rare but not too rare, Easily distinguishable from other metals.

@kuntilanakhybrid4043 2 жыл бұрын

Silver is danger to Vampire and monster. That's why gold is the best

@disarmyouwitha 8 жыл бұрын

What about trust? Perhaps it's just more rare than gold..

@Tai91827 7 жыл бұрын

like JP morgan said 'gold is money everything else is credit'

@ibyvrcrdd9903 7 жыл бұрын

Tai Mir Money is just transferable credit

@wateraardappel 8 жыл бұрын

i kinda like carbon-hydrogen-oxygen bonds more... like sugar.. and that hydrogen-oxygen bonds, water.

@chrisridge5504 8 жыл бұрын

You might think that fish is valuable because it's hungry.So if the fish is hungry it is valuable?

@williamdevane944 7 жыл бұрын

What's in your safe?

@akadirk41 4 жыл бұрын

How about a crypto currency backed by gold?

@archiecook55 7 жыл бұрын

I don't love gold, like I don't have an obsession over it but gold is cool.

@SunderSingh-wg1jo 3 жыл бұрын

Gold is flesh of Egyptian Gods.

@curtisowen8398 8 жыл бұрын

I would rather silver

@AkberKamall 4 жыл бұрын

There is not enough gold as there is paper money. Scary times we live in where we are not even in control of our own wealth. Dinar and dirham revival.