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The fact that gold has historically been used as money in some places doesn't mean it's money now. Money is a commodity that is used as a medium of exchange. To
by lottin 6y ago
The fact that gold has historically been used as money in some places doesn't mean it's money now. Money is a commodity that is used as a medium of exchange. Today, gold is not used as a medium of exchange, i.e. most people are not paid in gold and don't buy things with it. Therefore gold is not money.