
230: The Gold Standard
Classical Stuff You Should Know
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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.
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