What is gold? If gold is simply chemically defined, it can be expressed by the element symbol Au. However, regardless of East and West, gold has been treated as a valuable metal and has functioned as money. How did gold perform the function of money? First of all, scarcity and immutability are the biggest reasons. Mining gold requires great effort, and the amount is very limited. It is said that..
How is value created? Each person has a wide variety of standards for viewing value. Things that are valuable to some may not mean anything to others, or vice versa. So, is value given meaning and created by the public, which means the absolute majority? There is a picture of a luxury bag above. Luxury goods can never be held by the majority of the public. It's a bag monopolized by a few and use..