"Men have chosen the precious metals gold and silver for the money service on account of their mineralogical, physical, and chemical features. The use of money in a market economy is a praxeologically necessary fact. That gold — and not something else — is used as money is merely a historical fact and as such cannot be conceived by catallactics. In monetary history too, as in all other branches of history, one must resort to historical understanding."
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Ludwig von Mises, chapter 17 of Human Action: The Scholar's Edition, as quoted in The Gold Standard, Mises Institute
https://en.wikiquote.org/wiki/Gold_standard
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Gold standard
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