The purpose of currency is storing value. You might trade that can of beans for a chicken or something and so on, and so on. Eventually people will need to trade in another medium so you could buy a cow without having to find a cow's worth of goods the farmer wants. The low level barter has a lot of friction, silver decreases this.
The purpose of currency is storing value. You might trade that can of beans for a chicken or something and so on, and so on. Eventually people will need to trade in another medium so you could buy a cow without having to find a cow's worth of goods the farmer wants. The low level barter has a lot of friction, silver decreases this.
gold and silver is for preserving wealth, If your rich enough to have everything else you need.
gold and silver is for preserving wealth, If your rich enough to have everything else you need.
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