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To: Haim R. Branisteanu who wrote (124832)	9/21/2001 9:26:40 PM
From: Don Lloyd	Respond to of 436258

h - ...The only difference is that one 1 of gold is much more cheaper than 1 ounce of raw diamonds and for sure polished diamonds... The unlimited and practical divisibility of gold is also a major factor in its use as a medium of exchange. The problem with barter is that my whole horse cannot be exchanged for your whole cow because there is no possibility of a negotiation of the terms to allow a mutually agreeable exchange. The same is true for a random unit or lump of anything of a specific size. Gold, however, can be divided without loss of value to adjust the terms of exchange to an arbitrary level of precision. If money only came in $100 bills or larger, the same problem would occur. Regards, Don

To: Haim R. Branisteanu who wrote (124832)	9/21/2001 9:49:17 PM
From: samim anbarcioglu	Read Replies (1) \| Respond to of 436258

hb, <<as some have a better color and polish than others>> gold (AU in chemistry),is always the same color when it is 24 karat (99.9999 pure). Polished or not polished is another matter. Different hues and colors are from metals added to make the gold 18, 14, 12 karat. chemicalelements.com Regards, sam a

To: Haim R. Branisteanu who wrote (124832)	9/25/2001 12:18:45 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

Haim, i believe gold refined to high purity is the same regardless of provenance. i was going to add the same thing that Don already mentioned in his reply...you can cut it into small pieces, to give change. and one small piece of x weight and purity is interchangeable with any other piece of same weight and purity. you are of course correct that in the final analysis there is something arbitrary about it...but nevertheless, there are good reasons why gold has emerged as the primary monetary metal.