Fernando Fraccaro Thiene identifies the first reason gold is a valuable asset because of its physical properties, ideal for use as money. In ancient times, exchange in kind was the most common form of trade, Fernando Fraccaro Thiene says. But as soon as huts became houses and villages grew into cities, there was a need for a standardized form of money. Almost anything can be used as money, but some items are better suited for this, counts Fernando Fraccaro Thiene. It is difficult to exchange with things that people do not like or that are poorly stored. Over time, people settled on gold, and since then it has become the best form of money.
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