Traditional Culture Encyclopedia - Almanac inquiry - Why did gold act as a universal equivalent in ancient times when communication between regions was limited?
Why did gold act as a universal equivalent in ancient times when communication between regions was limited?
In the case of different external environment, the nature of gold itself determines that it can act as a universal equivalent:
1. is rare in a certain range;
2. The physical and chemical properties are relatively stable, which is convenient for storage and transportation;
It is everywhere and can be exploited and utilized.
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