Classical Stuff You Should Know cover image

230: The Gold Standard

Classical Stuff You Should Know

00:00

The Benefits of Using Gold Coins

The ancient world settled on a- that gold was the standard of exchange. Because it doesn't rust. You can divide it. It's somewhat verifiable. It's rare. But there is enough that it's not so rare that you just have like one little bit of it. And so, okay. Let's start. What are some of the benefits we have of if we have gold coins and then we have to have some sort of other derivatives with that? So there was gold coins andThen silver coins. Silver bronze iron. And then other groups of people had,. other like lesser denominated currencies to put on top of that. Like a bronze coin. Right.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app