Fungibility Fungibility In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable. For example, since one kilogram of pure gold is equivalent to any other kilogram of pure gold, whether in the form of coins, ingots, or in other states, gold is fungible. Other fungible commodities include sweet crude oil, company shares, bonds, other precious metals, and currencies. Fungibility refers only to the equivalence of each unit of a commodity with other units of the same commodity and not to the exchange of one commodity for another, which is barter. The word "fungibility"
Aurum, Nevada - a local man named Simon Davis. Eventually, the mining activities in the area shut down permanently. The post office closed for the last time on May 31, 1938, and the area has been uninhabited since. Aurum, Nevada Aurum is a ghost town in White Pine County, Nevada, United States. Originally known as "Silver Canyon", after the nearby geographical feature, Aurum was founded as a mining community in 1878. When a post office opened on April 4, 1881, the community received its present name, Aurum. Aurum had two neighborhoods, defined by differing elevation. In the higher sections of the community,