Comment: If I hand you a random diamond would you know what it is worth??

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If I hand you a random diamond would you know what it is worth??

Most people you would want to trade with would not.

One reason gold and silver are preferable is, minted coins and bars have a predetermined purity and weight and thus one can more easily determine their worth (still requires some trust that it hasn't been tampered with or extra effort to prove it hasn't been tampered with).

Mighty mountains in grandeur stand, but tiny raindrops turn them to sand! Noah, I think I just felt a raindrop!!