Why has gold been important in history?

Lots of things have been considered media of exchange and stores of value throughout history. People who travel want cattle because cattle can walk. When they get to their destination they sell the cattle to get iron or bronze coins of small denominations so they can spend them without a lot of fuss. Farmers consider manure to be a store of wealth. You might have heard about the island where big stones are considered money. That is because stones are rare and they need them to make a foundation for a house. So gold is a store of large amounts of wealth in a small space. Like a nation's treasury.

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