Foundations of Commodity Money

Contrast the key physical properties of gold and silver (e.g., density, malleability, corrosion resistance) against other metals like copper and platinum.

Explain how the geological scarcity and distribution of gold and silver contributed to their initial value.

Define the economic principles of sound money (durability, portability, divisibility, fungibility, scarcity).

Calculate and interpret the stock-to-flow ratio, explaining its significance for gold and silver as monetary assets.