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Explains: The Rise of Gold
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Explains 0: What is Money? 2 - The Rise of Gold
Why did the Egyptians, Romans, and Aztecs all choose the same yellow metal for money? They never met, but they all came to the same conclusion. 🤔
It wasn't magic, and it wasn't a decree from the gods. It was brutal free-market competition. In this episode of "What is Money?", we explore The Rise of Gold. We break down the physics that made gold the "hardest" money on earth, the concept of Stock-to-Flow Ratio, and why gold was the only asset that could survive the test of time (until now). Understand the history of money, and you'll understand where it's going next.
Timestamps: 0:00 - The 5,000 Year Consensus 0:28 - Carl Menger's "Saleability" 🧠 0:50 - The 3 Tests of Money (Scale, Space, Time) 1:30 - Why Cattle and Grain Failed 🐮🌾 2:10 - The Stock-to-Flow Ratio Explained 📉 3:00 - Gold: Nature's Ledger
#HistoryOfMoney #GoldStandard #BitcoinEducation #Economics #CarlMenger #HardMoney #StockToFlow #FinancialHistory