"Gold is: * Divisible. * Fungible. * Value dense. * Recognizable. * Durable. * Zero counter-party risk. * Stable in supply, yet minable. * Liquid. * International. * Non-manipulatable. (Non-centralized.) By comparison: * Diamonds, while valuable, are NOT divisible, nor are they fungible. * Water, while valuable and divisible, is not value-dense enough to compete with gold as a form of money, on the" . . . .