Turning a BLOB into PURE GOLD!
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- Опубліковано 13 січ 2023
- A client came to my shop and left me a gold blob. Can I uncover its secrets?
PART 2 SILVER: • Turning a BLOB into PU...
So @NileRed , how did I do? If any of you are interested in a project like this from an actual chemist, I highly recommend you check out his video: • Turning old jewelry in...
I would also like to thank @sreetips for all of the informative gold refining videos which helped me navigate my own project.
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Description: Gold refining. Turning a gold blob into pure 24K gold. - Навчання та стиль
As a chemist, seeing 96% yield of 99% purity from a process by someone who calls themself a non-chemist is mind-boggling. Smithing is definitely chemistry imo, and I have some serious respect for you for doing something like this so flawlessly. 10/10.
It doesn't seem like it takes as much knowledge as it does patience. Anybody can do it you just have to focus and make sure you do it right and repeat repeatable processes and double check to make sure your ready to move on. Sounds like basic chemistry to me and I took two years of chemistry
@@michialphelps2339 That is mostly what the goal is in a lot of reactions. The problem for inexperienced folks in chemistry is that it's not so easy to repeat a process that generally does not go off of set times but off of visual queues and identifying the stages as they complete and guaging your success based off of the outcome, yield, and the understanding of what that should look like or be.. In most cases, a simple change of color, type of physical reaction (bubbling, gassing, simmer, etc) can mean so much to the observer who knows what they are doing and could be an indication to make necessary changes either in the moment or later as needed because of this, it is amazing that somebody who would be so unsure about the exact details and not have any way to determine if the information he is getting is for sure the best source of information if he's researching it online and taking whatever information he can get ahold of, maybe he got a book but what if that's outdated information, there is so much to this than just patience and repeating a couple of steps when it comes to getting a high yield and purity of an end product in whatever recipe you follow for any reaction you are trying to accomplish in chemistry whether it be a reduction, extraction, or reaction. I am not even a trained chemist myself but have lots of at home experience as a teen and young adult doing experiments and I am very impressed at how confident he seems and the fact he just has all this shit at his disposal and isn't substituting with some type of kitchen / shop technique haha as well as the fact he is performing this on something that isn't necessarily even his, so he says.
You're not a chemist 😂
@@emilymayer5926and your proof to back this claim up is...?
You really only have to follow a guide and buy the right tools/materials from the looks of it.
I am 100% sure that if children at school watched this video in a chemistry class there would be a huge increase in interest in that subject, good job on the process and on filming it well (y)
school is for general knowledge not practical knowledge,
If the kids watch Breaking Bad for sure they’ll be interested in chemistry class, however that show has some mature topics and scenes
@@itzl2124 so what?
Wow I never thought of that. So you are saying that subjects and information can be taught in a school? And not only that whatever the students are exposed to will increase an interest in that subject due to becoming aware of it ? My mind is blown right now omg .
I’m certain (no need for percentage because any less that 100% wouldn’t be certain would it ?) that you may have just stumble upon why school exists. Anything you show or bring to the awareness of curious learning minds is going to generate further interest it doesn’t matter what the subject is. So I’ll call your comment with a similar bet.
I’m 100% (certain) that if you handed out money to people on the street some of them would take it and spend it. (Fulfilling its purpose)
@@itzl2124 yeah true , I watched Rambo as a kid so I was interested in obtaining ptsd and feeling bastardised by society to the point that violence which was I learned from society can be used against the society for noble purposes. They never had the classes at school for it though so I just did the next best similar thing which was baking and food decorating .
Good thing about kids is they are naturally interested in things it’s doesn’t matter what you choose to expose them to, the curiosity will always prevail.
Furthermore school is designed to create effective and obedient workforce to build economic wealth and nothing more. It’s up the individual or parent expose their own beliefs and ideas interests onto their kids because society is already doing that with their subjects that essentially say “learn this to get money and have less adversity via currency” opposed to “learn whatever you are passionate about and innovate it and use it to make our world better “
The craziest part to me is knowing the generations of Alchemists who tried to create gold which also lead to the discovery of so many interesting reactions in chemistry.
Good thing they didn't succeed or gold would be worthless. Lol
@@foxmulder7616 but if they had succeeded then gold would be plentiful and we could use it more often in things like electronics and machines
@@foxmulder7616 In the very end their successors did succeed. We can turn lead to gold now, it only requires a particle accelerator and so much energy and equipment and work that it's not even close to worth it to do.
*lead*
How captivating, that was an amazing outcome, well worth the time you invested in it, I can’t wait to see what you do next. Thanks for the upload.
This is easily one of the best, well documented videos I've ever seen on UA-cam. Amazing watch. Totally captivated the entire time.
Literally I didn’t even get bored for a second 😂
This was a very nice video, but this is just the tip of the iceberg for the quality of many youtube videos out there.
Apparently Matt's only seen 100 videos on YT. Can't wait to see what his next year will be like.
Now give the gold to me... you are already rich ... but i am poor... give it to me.
a creature got killed in this video lol
These are the kind of science experiments i wished they conducted in high school. Never thought of watching someone turn a piece of blob into pure Gold. You sir are definitely the Modern Goldsmith.
Way too expensive and way too dangerous as well. Not a good idea at all.
that's $13,000 in gold, something tells me it might be a little outside the budget of a school :D
It's all fun and games, until you take a sip of the forbidden orange juice and puff some of that orange Nitrogen Dioxide gas to see if it will get you high (warning, don't do this!).
Im 😁
Why would you let school kids near fucking aqua regia??? Sounds like a recipe for disaster.
I've seen chemists do this sort of thing, but your perspective definitely makes it seem way cooler and more interesting to watch
A good tip to deal with black crud like you had at the start is to add some hydrogen peroxide. Most likely the black stuff is carbon, which isn't water soluble. Hydrogen peroxide will break it down and give off simple carbon dioxide. It's also quite safe to use really.
And remember to put plants near the CO2 to prevent greenhouse emmisons
Thanks!
A regular chemist wouldn't struggle with the chemical-related part, but would struggle with the actual goldsmith-related part, so seeing a goldsmith who didn't struggle with the gold smithing part, but with the chemical part, is truly an interesting change in roles.
Also *3:29* RIP blob 2023-2023. He will be missed ;~;
Blob is not dead but was born again into a new blob body! Lol
Can confirm
Was a chemist for a while and holy fuck I'd be fine with the chemical side (though I really have to give him due respect for handling stuff like Aqua Regia; it's impressive imo)
Like yeah I could do the casting part
but that hardly counts comparatively to his work haahaha
We used something similar (designed to get organic T A R) off the beakers
Pirahna solution is evil shit; a mate got a tiny tiny on his arm and washed it immeditately (was in the fume hood)
Still got a really nasty blister/chemical burn
@@johnmcwick1 blob reincarnation
u didnt watch Nilered
the blob was a family thing so it was probably born a long time before that
First time I watched this process was NileRed refining a viewers gold. It’s cool to see a gold smith do it just using some research. The yield was very high I was surprised. In the original block there was a huge section of dirt and other metals and I thought that would bring the yield down a lot from the initial estimate. Great video!
the yield is not really that high considering lots of losses during the process.
the estimated weight was based on an inaccurate measurement of a non representative sample
@@kelvinluk9121 I suspect you are right, but we don’t really know the lose, since we (as you say) don’t really know if his original measurement of purity was representative. He should have melter the blob and then measured the purity.
My 2nd time around watching this. Still very well done and still satisfying to watch. Your well written script helps, and to film while doing all the multiple acid dissolving, my head is spinning. Congrats! 😀
Your passion shines through in every video! 💖
The thought of how people figured this all out is just amazing. Theres so many steps that need to be done in an exact certain way that i can only wonder the frustrations people had in the past to figure this all out.
While being prosecuted by the church in the process. Having to do it underground had to make it a thousand times harder to share information between alchemist.
Generations upon generations of applied sciences, culminating to what we have today. It's likely the result of100 smaller experiments for different reasons, that gave way to the knowledge needed for the process.
@ericknabenshue5689 bs ,ure 🤡, this thing came from Egypt, this knowledge is not even from humans but annunaki and different kind of aliens that also build piramids
Fun fact: (kinda)
We humans have been fascinated with gold since around 5,000 BC.
If today, we were to take the entire world supply of gold, collected since 5,000 BC and we melted it all into one giant cube...
(rough calculation only, as gold supply is always expanding each year by 1% > 2%)
That giant golden cube would be roughly 22m * 22m * 22m (22m^3 or 10,648 cubic meters)
and would easily fit under the first level of the Eiffel Tower.
Imagine an Olympic sized swimming pool, that's as deep as it is wide and is long:
25m * 25m * 25m
The world's gold would fit in that and still have 3m on each side before even being close to being filled.
I can't find the source, but I once read that this 'gold cube' grows at the rate of about 1cm to 2 cm per year.
@alansmith5267 the reson al the gold dissapir3d from prev civiliazations is annunaki that took that gold,they still do from time to time coming back and taking all the gold
That was so satisfying to watch! Glad you had the patience to go through the whole process!🎉
Glad you enjoyed!! Was def a test of patience haha
I remember coming across this gem of a video back in the beginning of this 2023 year when you first uploaded it. Now, it's less than a week until Thanksgiving as of this writing, and I'm STILL amazed by the whole gold refining process you blessed us with! Keep up the greatness!
Ahhh thank you so much! Appreciate you coming back for more
@moderngoldsmith Definitely, Sir! It's now a full year later in late January 2024, and I STILL come back to watch this amazing display of sciences you put into this amazing video! 👏
Hi
What an amazing video, its very captivating.
Am wondering, did you have to lower the ph of the Aqua Regia to 5 before adding the Sodium Metabisufite to drop the gold ? Or its okay to add it without lowering the pH ?
Many thanks in advance for getting back to me
WOW!!! I am so impressed with what you did. Great job!
This is definitely not your average jeweller channel 😍 i’ve always loved your videos, and this turn you’ve taken makes you even more awesome
Thanks! Though I might be done with gold refining for awhile....
@@moderngoldsmith awww 🤗 it looks insanely complicated and dangerous, but you’re still a badass for having done it
@@moderngoldsmith haha!
@@moderngoldsmith 12:07 mmm what a tasty orange juice...wanna drink
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As a metal detectorist, many years ago, I found a similar yet much smaller blob. It had silver and gold melted together. A local historian (Southern Missouri) showed me photos of recovered items from local bandits. Among the items were 'cobs' that were the stolen booty that the bandits had melted and then distributed to the gang. Apparently this practice was commonplace during and after the civil war for that region. (Quantrill raiders)
If you find a melted blob like this and you can tell it is metal, what is the next step to finding out what kinds of metal it is?
@@cheriehomebody9454 Find someone with an XRF machine, and then get them to do a report for you. Shouldnt do anything and is non-distructive.
@@cheriehomebody9454 throw it and catch it is it denser then steel
Man thats awesome
@@DesertTuna It´s ndenser than lead
That was so fascinating. What a process! Thank you for sharing.
Given that even that little disc of gold is worth almost $13,000 (U.S.) as of the day I'm writing this, the amount of work invested into this process is absolutely worth a goldsmith's time. As for me, I was just completely mesmerized by the chemistry. Great video!
me to
me tree
pretty basic stuff, nothing to be amazed about.
@@BurkenProductionsdude ._.
@@BurkenProductions ofc minecraft guy, like duuhh just use an iron pickaxe and smelt the ore right??
I’m a chemist and work with aqua regia frequently- you did a fantastic job, but I am wondering how you handled the aqua regia waste. If left unneutralized in a plastic waste container, it can eat at the plastic and spill everywhere! love you channel and have been watching for a while :)
You're not going to mention that Büchner funnels are not meant to be used for gravity filtration? A lot of the finer particles he tried to filter out likely made their way under the filter paper because there was no vacuum holding it firmly against the funnel.
@@alfredoprime5495 yeah i'd be more happy if he plugged air suction haha
He probably didn't do the stoichiometry, would have gave him the quantities needed for all the reactions
His method is very old school.
@@alfredoprime5495 Yeah I was cringing a tad when I saw him fill this funnel so full knowing full well some of the liquid was passing unfiltered right under the paper.
Wow this was absolutely amazing. Thank you for sharing this amazing process.
That was one of the most enjoyable and fascinating videos I’ve ever watched on UA-cam. Great job.
Very good and well described video. I am a retired metallurgist who worked for many years in the gold mining industry in Western Australia. I managed laboratories where we not only conducted our own assays on bullion by traditional fire assay methods - we also produced our own 99.9% "proof" gold to use as standards in the fire assaying processes. Our method of producing "proof" gold was very similar to what you have shown here, except that after the aqua regia digestion, we filtered out any remaining solids (silver chloride) and took the solution up in hydrochloric acid / reduced over heat and re-filtered a couple of times before finally taking up in distilled water giving us about 5 litres of a very clear, but still acidic solution containing the gold. We then slowly added caustic soda to this clear solution while gently stirring - the metallic gold precipitating out of the solution looked like "gold rain" falling to the bottom of the beaker. Precipitate was then washed in distilled water a number of times before drying. We then weighed out one gram lots of this dry precipitate into small china / porcelain crucibles and put into a dedicated furnace to melt down / anneal into small gold buttons or "prills". These were then put through manual "bullion rolls"and rolled out into long strips, which were stored and cut up when required to make "proof" standards to compare routine assay results against.
You could also purchase certified "proof" gold ribbon and solutions from the Perth Mint for use in making your own "standards" but these were very expensive. As a result, we only very rarely purchased these standards and used them to confirm / validate our own site-produced standards - usually when conducting assays for other clients / joint venture partners etc.
So you are in Gold Rush in Bendigo?
@@karenwallace462 probably less time than it took you to read it, given your apparent lack of anything much between the ears.
This was really interesting. Thanks for taking the time.
Can we just take a moment to appreciate how much work he put into this gold?
for a 12.5k$ blob it worth it :P
It's actually 17K in my currency (Canadian Dollar CAD)
@@stickman4719 its also called trudeau pesos
@@stickman4719sheesh
Well I would hope he would that blob is now worth 15 thousand dollars.
Loved it great of you to show the proyect!
Great info and great video on gold refining and chemistry🏆
Jordan this is crazy! Your talent and passion go so much further than surface level jewelry. Your depth of appreciation for your craft is one of the reasons I cherish my engagement ring (other than the man who gave it to me of course haha). It is an honor to have had something handmade by someone who truly is a master at the craft
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PART 2: SILVER REFINING: ua-cam.com/video/b76SJfgiZIM/v-deo.html
WOW. The comments! I'm happy so many of you enjoyed this video. Makes all the hours worth it. Please subscribe and tell 50 of your closest family and friends. haha.
As mentioned in my video description, I owe a debt of gratitude to NileRed and Sreetips for their videos, which helped me tremendously.
Nice video overall, although I'd call out that when you add your nitric, you want to add it a little bit at a time; both to make sure to not let the reaction boil over, and so your end product has only a little bit of free nitric. i.e. go stoichoiometric and estimate the max amount of nitric you would possibly need, so you don't waste a lot of time (and materials) doing the de-nox step after.
Sreetips does a lot of great videos showing that method.
@@chouseification love Streetips
Your experiment was entertaining - but oh boy did you do it the hard way! Sreetips goes into great detail on this process. You were probably better off going inquarted, just nitric boils, then aqua regia. You had iron, copper, silver, who knows what else in there...nitric acid dissolves everything but the gold at a low enough enrichments (25% gold) so that you could dodge all that silver-chloride. Silver chloride is a bear to filter.
All that said, for a first-timer, you did great!
Aaaaaaaand now I feel like a loser, because I don’t have 50 close friends/family.
I kid
Streetips will take hours of your day away and you will LOVE IT lol
Thank you for sharing !
This was very enjoyable to watch. I loved it
I really enjoyed the process for the gold refinement. It helps me understand all of the gold miners excitements of finding flakes of gold.
I recently just bought my first gold bar that is only 1 gram and it was pretty expensive. The fact that this turned out to be 213 grams is pretty wild. To put that in perspective, that blob of gold is worth $14K+ right now.
xavier what you doin here
Ur not the real on this isnt the correct badge that shows that
I thought it was like 19k
@@Fuzionjay2 Depends on your currency, but it's about 12.5k USD at the moment for 213 grams @ highest bid.
Are you the guy with the hillarious quotes on Twitter?
awesome !! how you explain things. amazing
Great job, Very impressed. I can tell you watched a lot of sreetips. Do more like this. 😊
11:58 imagine you're doing this, but then your brother comes in, mistakes that for orange juice and drinks your gold
I mean I don’t think I’d be worried about the gold anymore if he drank it😂
15:18 thats some expensive cereal!
Great video, you explained things very well. Much appreciated!
beautiful work !! really enjoyed watching your experience !! thanks for sharing
That soo beautiful well done man !
The orange fumes were mostly nitrogen dioxide and you were correct about not wanting to breathe those. They were also an indication there was a fair amount of silver mixed with the gold which was the main reason there was so much metal left after the first try at dissolving it. Silver doesn't dissolve well in aqua regia so it took several repeats. The gold you get when you precipitate it is incredibly fine. There's not enough surface on any given particle to really reflect light so it looks like clumpy brown flour. Just going by appearance, that button is 99%+ pure. The initial blob didn't look to be a very consistent alloy so you got a really good yield. Given that you hadn't done it before you did a great job.
That's very amazing project!
This a spectacular instructional. Thank you so much!
I love this video
Not only is it fun to see a non-chemist try something like this - and for it to succeed so well (seriously your yield is astonishing)
This video also has story to it, *The Blob* is a lovely little character and im happy to see him looking purer and healthier than he's ever been
Thank you for this
The gold blob is much more beautiful than the initial bar-shaped casting. Good call.
This is much fun watching! Thank you.
Wow!
Master of the craft, really enjoyed each second of the video.
Thanks for the chemistry class
Sreetips: “Hold my beer”
This is seriously one of the best videos I’ve seen in at least the last year or two! Outstanding work and your diligence is impressive! Thanks for doing this!
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if you like this kind of content a channel called Nile Red does quite a bit of chemistry stuff similar to this and in a similar format as well, you should check em out.
For a non-chemist, you did a really good job. I'm super impressed!
Titles don't offer results. Research followed by work do.
I really enjoyed the video. The gold blob looks really good! Thanks for posting.
Love your show dude!!! Good stuff right there...
14:55 - I absolutely love the 'clumpy yellowish brown dirt' look.
Brown gravy powder before you boil it
Probably the last subject I expected to be watching but certainly a pleasantly surprising process for this layman. This could have been a boring process but your production made this quite interesting. Well done! Thanks for sharing.
I watched with pleasure and I admire you for what you do
Wow! super cool! I really enjoyed .Thank you! I didn’t know gold could look like this during the procedure…
I hope you make more explorative videos on your channel because I'm sure I'm not the only one who found this fascinating! Love your channel!
8:55 oh so thats how matcha tea is made
The 18 minutes of this video are pure gold, literally!
It was a great work. Thanks for your time and effort
It’s clear from other chemist videos, people love watching broken up old jewelry, or in this case dirty hunks of impure gold, being turned into pure clean 23-24 karat gold, so I would definitely consider continuing to make videos like this. Who knows your videos could be worth their weight (or more) in GOLD!
What's taking them so long to come forward? They waiting to go to work on canoes? Then they will come
This was byfar one of the best videos I have ever seen. You didn't go too heavily into the chemistry and kept it at a low high school level that was easy to understand. I can't wait to see you do the same for turning silver back into the pure ore. When you make the rings or whatever out of these blobs, please make it a bit of a retrospective of the whole process.
Well don't take this video as how it's done.
He should have started the chemical process with straight nitric acid-->filter> rinse and theeen start with AquaRegia
Wow that's the first time I have seen smelting done like this, looks like a lot of work but the purity is the reward..
Freaking kick ass man that was awesome ! one of the best videos I've seen on UA-cam! I'll be watching the rest of your videos. 👍
15:00 luxury, dog food
That finna hurt when it come out the other end 💀
Man, just watching you went trough the entire process was fascinating, great job and keep up the good work!
Loved your process! Now I'll go look at traditional process videos
Wow you more than doubled subs since this video. Congratulations and I’m happy to find you as your videos are relaxing
The patience you showed is commendable, great job.
Hats off to your patience bro ❤️ loved the video loved the process. More power to you!
Super interressant ! Thank you !
Really interesting to see. Thank you.
So satisfying! Thank you for taking the time to share this. I have always been super curious how gold goes from those earth chunks to the pure stuff. :D This was discovery channel worthy content.
This was extremely cool!!! I really love your channel because you, unlike other channels aren't a 'ultra luxe' channel showing off but you're actually interested in gold and your skills as a smith and in teaching us. ❤️
Will you do something with silver or titanium next?
This guy is low key my hero 👏💪
Thanks for the great video , so good to see something on the tube that is so interesting .
Really enjoyed seeing all your hard work. Great job at filming, editing, and the audio sounded great. Liked and subscribed 🙂 I didn’t know how much work goes into refining gold. I got a real education here. Thank you 👍🙂
That’s an incredibly impressive yield. Good job on the chemistry and the video.
absolute amazing work Dude. 🤩
Wow. Came out beautifully
By far the best video I've seen on this in every way. The blob face had me cracking up and you simplified the entire process as much as it could be while maintaining a high standard. I've been making handmade jewelry on the side for a couple years now and end up with a lot of scraps of gold and silver. I've been watching chemistry and smelting videos all over YT off and on and it's a daunting time/money investment. Especially the chemistry part. Guess I can say I already started the time investment. If I wasn't doing so many other things I could just focus on this.
This was so cool and educational. Seeing the whole process of gold extraction from an ore is mesmerizing, and way more complex than I imagined
Absolutely agree it was really cool to see the process. However, the blob wasn't an ore, it was a chunk of metal alloy with gold, silver and lots of impurities.
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Thank you very much, sir. I really enjoyed watching the video and benefited from the information
When the paper test came back clear and the dropper showed no reaction I actually gasped. I figured an 'amateur' would struggle to dissolve it entirely. But chemistry is consistent and if you follow the procedure diligently, it stands to reason you'd achieve your goal! So cool! Thanks for the video.
Titles don't offer results.
Wow! That was an awesome video. Thanks for taking us along on your learning journey😊
It's amazing to witness the transformation of raw materials into something so valuable and precious. Your dedication and hard work have truly paid off!
I think he took something valuable and turned it into a raw material.
i cant wait to try this at home. thanks.
This video was amazing, great job.
6:33 alright then, I’ll try it at my grandmas
Awesome! Thx for walking us through what must’ve been a painstaking (but rewarding) process. Glad I didn’t have to do the dishes afterward!
I thoroughly enjoyed this 🔥
There’s about $13,200 at 23k and almost $14,000 at 24k. What a beautiful process. I love chemistry and always wanted to get into it. Such valuable information to learn. Thanks for taking the time to make the video it was really well made. 👍👍👍
So that dial was/is worth 14 thousand dollars???
@@damiontaylor1121 yup roughly
pov: "When you suck out 1/5 a cup of blood onto a cup" 2:26
With the spot change, it's currently worth 15,368 USD.
Wow, was kinda wanting to know how much the final outcome was worth. Thanks
WOW, WOW, WOW!!! The skill! You are a true Master! Congratulations on achieving 24k purity. I seriously had my doubts, but WOW!
This was awesome to watch I am always shocked at how far we have come in the word of alchemy/chemistry
Great job and such a tedious process, but in the end very rewarding accomplishment
Excellent job for a first time! As others said, with lower purity gold it’s much easier to use hot nitric acid to remove impurities. Luckily, gold chemistry tends to be pretty much quantitative because it’s so easy to precipitate it and test the solution for gold. It also makes such a bright yellow solution that it’s easy to see when you’ve washed it off of filter papers and glassware.
This is awesome!! It’s so cool to see people appreciate chemistry as it applies to their fields. As a chemist, I have one tip: add a very small amount of sulfuric acid (like a few drops worth) to your reaction before adding the sodium metabisulfite. This will keep lead in solution as the gold precipitates. That should ensure purity for jewelry making because even small amounts of lead will ruin the gold’s malleability. If you really want to get extremely pure, you can run it several times. Then, eventually precipitate the gold with oxalic acid instead of sodium metabisulfite (but this might require you to adjust the pH in order to precipitate the gold).
This is so satisfying to watch! Thats a nearly $13k blob of 24k Gold! Fantastic video!
Well, this was a fascinating video. Thanks for sharing!!
Let me just clarify something. Just because the sliver of gold that was tested came back as 41.7% pure gold doesn't mean that the entire chunk was only 41.7%. It most likely was higher and lower in different parts and I suspect it was higher throughout the entire piece and that this process might have wasted a lot of gold. All the same, you did excellently and now it makes me wonder how much is in my 5-gallon pail I need to refine. It will take a fume hood, metabisulfite as well as crucibles and a filter system before I can get started after making my own nitric acid. You have inspired me!
World economy in simple words (I'm an engineer, not an economist): First, goods exchange. You hunt and risk your life, you need bricks to build a shelter. You give meat from your hunt to the brick maker for the bricks. But what if he wants something else, not meat? You need to find someone to give you what he wants in exchange for your game meat, and if that one also wants something else situation gets very complicated very fast. But... Someone discovers Gold (or pearls or whatever, something scarce) and convinces everyone to want it, more of it.
@@oliviamia That’s crazy, I’m just doing everything wrong with my portfolio
@@charlotteclaire2271 Typically a financial adviser will just put you into standard/tried and true products that are mostly just index funds and ETFs. This has been a down year to invest. If I were you I'd be investing broadly into the S&P 500 and broader index funds, that way you're instantly diversified and you don't have to worry about it too much. Over time, your investment shall grow, just don't get too focused on the short-term.
@@ava61329 You're right, I thought I knew it all when I was practicing with my demo account but I lost a lot of money when I began my life account , but I met this expert Melissa Scott Glazner that's the turning point of my life I'm grateful I did believe her
ONE WORD:
BITCOIN.
Yeah but that's actually a myth. There was way more of "i have too much of this and you need it. Take it." Until official money was invented in the 700s BCE in Lydia. There wasn't an exchange, people just kind of have away what they didn't need to the people who did need it.