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RE: World’s First Diamond Exchange - CEDEX

in #blockchain7 years ago

I think this is a cool concept, but the underlying reason why gold (which is very tradable and always escalating in value) is considered an asset is because money used to be tradable on it. Banks would have to hold gold, and with every note you could trade it for physical gold at a bank. Even though that isn't the case in modern day, it started off having a value that makes it a tradable asset.