If merchant platforms don't use a currency as a medium of exchange, I don't think it can become a unit of account.
There is no such thing as intrinsic value, only subjective value. You might mean “use value”, and in that case, silver’s use value is far more extensive that Gold’s. Propaganda had nothing to do with it. Gold was consensus beause it had the highest stock-to-flow ratio.
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Meaning it was the hardest to get out of the ground compared to the amounts that already exist above ground. That is all that matters.
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1. No, intrinsic value means that an object is required for X. Subjective valuation sets the price of X. 2. You can't make gold objects with silver. 3. Propaganda affects the subjective valuation, it's the essential part of the gold industry.
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