Discovery of Bulgarian Old Gold Supports the Evolution of Private Money

World’s Oldest Gold Object May Have Just Been Unearthed in Bulgaria … A small gold bead shows that Copper Age people in the Balkans were processing gold 6,500 years ago… -Smithsonian

This gold bead further confirms the maturity of  private monetary  history in our view.

Reference.com tells us, HERE: “The existence of gold has been known for over 5,500 years; therefore, the exact location of its discovery is unknown.”

Now Smithsonian, above, has reported that humans were manipulating gold 6500 years ago.

But we’ve often argued that gold (and silver) were seen as “precious metals” many more thousands of years ago than that. Maybe older gold items don’t survive today because when people discovered them, they were recycled.

Murray Rothbard was surely right. He maintained HERE that money was the outcome of competition between different kinds of objects and over time and gold triumphed (along with silver).

There are various

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