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131 - Why Is a Silver Coin Worth Something?

No Dumb Questions

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Mona Lisa Is Non Fungible

Fungibility is the ability of a good or asset to be interchanged with other individual goods or assets of the same type. Fungible assets simplify the exchange and trade processes as fungibility implies equal value between the asset. An ounce of gold is an ounce of gold as an ounces of gold. So the mona lisa is non fungible. Because, one, it'd be very difficult to paint that again. Two, the materials were used in a permanent way. Er. You can't change it. The value is what oll if humanity has done in the several hundred years thats existed, to imprint on it and say "that's the freak in mona lISA

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