How Gold Outlived the Financial Systems Around It
For thousands of years, gold has survived the rise and fall of empires, currencies, and monetary systems. It has served as currency, supported international trade, and backed the value of national currencies. Today, central banks hold it as a reserve asset, investors buy it to preserve wealth, and much of the world's gold sits in vaults. Gold has retained its place in finance. What has changed dramatically, however, is how (little) we use it. Gold was once money people could spend Around 550 ...