Quote:
Originally Posted by lendaddy
Maybe a better question is "Why anything with no inherent value, be it gold/platinum or gem stones?"
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I think there's several reasons:
1) Those are things that have limited supply. Therefore, they are not subject to artificial inflation or devaluation. Any government can just crank up its printing presses and make its currency worthless. But the government can't start printing gold.
2) It is something which the authenticity of can be easily tested.