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<p>[QUOTE=&quot;medoraman, post: 1701646, member: 26302&quot;]I understand this is the basis of your opinions, just curious. How did you deduce a metal was money &quot;long before it was a commodity&quot;? We have archeological digging proving gold was used as a decorative pretty and in ceremonial garb. We have no evidence I am aware of that people were treating it as &quot;money&quot; BEFORE such decorative uses. In my view all metals at first were valuable since they were harder than a stick. Eventually the rarity of the metal, along with its desired properties, like gold being shiny and pretty so it started being used in preistly garb, made up the relative &quot;values&quot; of metal versus other things. Its very much like a chicken or basket of wheat, eventually people come to a conclusion as to how much chicken is equal to a basket of wheat or an ounce of gold.</p><p><br /></p><p>What evidence at all do you have to support the assertion gold was &quot;money&quot; long before it was a commodity? My evidence that valuing gold was a learned behavior comes from the history of Babylon and Assyria. Neighboring countries never mined for gold until priests and royalty in Babylon and Assyria started using gold for ceremonial clothing. Their neighbors were taught that gold has a value, then their neighbors started mining it, to trade with them for it. Coveting PM is not a universal human trait, but a taught one.[/QUOTE]</p><p><br /></p>

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