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Except gold is not a currency. It's a commodity. Gold coins used to be a currency in certain times and places. Insofar as they're not recognized anymore, at lea
by jhgb 5y ago
Except gold is not a currency. It's a commodity. Gold coins used to be a currency in certain times and places. Insofar as they're not recognized anymore, at least where I live, they've actually failed.
- plebianRube 5y agoI believe the Canadian maple series of gold and silver coins have some face value, and you can spend them like that if you wish. 1oz gold = 50CAD FV, and 1oz Silver = 5CAD if I'm not mistaken. However when you try to bring them across borders they are evaluated at their numanistic value.
- jhgb 5y agoSure, there are countries where noble metal coins are still currency. That doesn't mean that this proves that "gold as currency has stood the test of time".