2min chapter

The Jordan B. Peterson Podcast cover image

330. The Natural Order of Money | Roy Sebag

The Jordan B. Peterson Podcast

CHAPTER

The Price of Copper Is 5000 Times More Affluent Than Gold

Copper is 5000 times more abundant than gold in the earth's crust. And if you look at the price of copper per ton in the market, it's roughly 5000 times. The fact of that abundance in your hypothesis places an intrinsic constraint on the parameters within which pricing might vary. It's important here because partly what we're trying to understand is what is the relationship between human systems of value and the actual natural world as such.

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