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Questions tagged [gold]

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Why was gold so popular and valuable back when it did not have many real world uses?

I'm talking about back when it was first starting to get discovered, like 2000 B.C. (roughly). Gold was being used for coins, jewellery and more. It was a very well known commodity and accepted ...
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Why did Franklin D. Roosevelt confiscate gold from the American people during the Great Depression?

FDR outlawed ownership of gold in 1934 with the Gold Reserve Act. It was a very courageous act by a democratic government because nobody will elect a government which takes money from them. Gold was ...