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Scott here with another episode of the History Unpl podcast. Gold's used as a form of currency

goes back at least 2,600 years when the Lydians of Asia Minor were the first cemented. But why was

gold of all metals settled on as the standard metal of currency? Why not copper? There's a lot more

of it, so it could be divided in a smaller coinage, and it could be distributed far and wide and more people could use it. Why not platinum? It's also

equally rare and valuable. Why not another metal that couldn't be as easily mixed with cheaper

metals like gold, which rulers often did in order to dilute their currency? It's because gold

is in the middle of a vent diagram of a number of factors. It's chemically inert, meaning it doesn't corrode over time.

It's rare enough to maintain value, but not so rare to be impractical for widespread use.

And there are gold deposits found all over the world, so it's accessible compared to something

like tin that is only available in a few deposits scattered far and white.

And, hey, it looks really nice.

Because of these factors, gold is served as a cornerstone of monetary systems worldwide,

which led to Great Britain standardizing the global cold standard, creating a system where currency

values were directly linked to gold. This mostly ended in 1971, when the United States

ended dollar gold convertibility, and the dollar has functioned

as a fiat currency. But the idea of a gold standard has returned with cryptocurrency,

where fundamentally there's only a limited supply of money and its value doesn't inflate,

it deflates, which is really just a digital version of what gold has always done.

To explore the system of gold as a form of currency and what it means today in an age of

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