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Anyone who thinks gold is money doesn't know very much about currency
by ebogart 9y ago
Anyone who thinks gold is money doesn't know very much about currency
- saosebastiao 9y agoAnything that is tradable in lieu of production is a currency. There are plenty of things far more obtuse than gold that can be and are used as currencies. Prisoners have been found to use cigarettes as currency. Hell, tide detergent can be used as a currency[0]. As something that is nearly universally traded for local fiat, gold is far more of a currency than most countries’ currencies. Only a handful of countries have currencies that are more universally accepted. [0] http://nymag.com/news/features/tide-detergent-drugs-2013-1/ http://nymag.com/news/features/tide-detergent-drugs-2013-1/