to pay to escape. He ignores the experience of the European Jewish diaspora. He ignores a lot. And so I am occasionally struck by the fact that there are psychological reasons for gold, maybe historical reasons. Why is it valuable? I mean, I understand that Aristotle described the reasons why it's money. You know, it has utility. It's pretty. It has a youth separate and apart from being money. It's malleable. It's durable. It's divisible. It's constant. All those things. It's wonderful money. But occasionally I too say what gives it its value? Is it also a faith based currency? So at the bottom of your question, the only thing that I can say is it has absolute function as money. It's perfectly designed to be money. What gives money value other than utility? And those become interesting questions. My temptation is to say history. I mean, certainly it can't be counterfeited, all those types of things. But behind all that, other than its luster, other than the fact that it does have (24/45)
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