The value of Precious Stones

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The value of Precious Stones

#21

11-26-2009, 11:20 PM

copeab

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Join Date: Sep 2008

Posts: 679

Quote:

Originally Posted by Mohoender

You are right about that but this doesn't mean that it had any real value as an exchange product. What you describe is mainly true for small elites.

One of the rules of economics is that a item used as currency ideally shouldn't be useful other than as currency (or decoration).

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