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In fairness to the one dude, gold would have been super useful.
The incredibly expensive luxury perfume ingredients aren't exactly bad gifts either - should be able to convert them into ready cash at any market in the middle east.
They're all very fungible assets, maybe even more than cash in those times. Except the drummer boy, but a song is probably all that poor kid had to give.
Maybe he transferred the copyright as well and Mary made bank on the streaming royalties.
Likewise for frankincense and myrrh. Couldn't have smelled great in that stable.
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