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The US dollar is based on the ability of the US government to tax the production of US citizens and assets within US territory.
Gold, Gold is just pretty yellow rocks. Well, it makes a good paint and a decent wire.
The ability to tap into the production of the most powerful industrial nation on earth -- now that has value.
As a bonus, it doesn't waste all that effort spent digging rocks out of the ground, then putting the rocks in a fort, and sticking men guarding the castle, either.
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Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest.
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