2006-08-08 08:21:34 · 5 answers · asked by lashundia.brown_range1 1 in Education & Reference ➔ Trivia
Tradition. Humans have been refining gold for thousands of years, but refining platinum requires chemical processes not available until the 1800's.
Very few countries back currency with gold. The US quit doing it in the seventies. Currency is now backed by a nation's credit.
2006-08-08 10:24:17 · answer #1 · answered by marbledog 6 · 1⤊ 0⤋
why would anything make sense platinum is very rare and gold is not
2006-08-11 17:52:28 · answer #2 · answered by roy_alice_mills 3 · 0⤊ 0⤋
platinum is so expensive because it is so rare....gold is much much more popular in nature than platinum is.
2006-08-08 15:26:57 · answer #3 · answered by brandiejs1979 4 · 0⤊ 0⤋
Mostly because of tradition. Actually, most money is no longer backed by any precious metal: it is backed only by the issuing authority's ability to levy taxes to pay its bills.
2006-08-08 15:27:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
have no idea
2006-08-08 19:01:32 · answer #5 · answered by leelee 3 · 0⤊ 0⤋