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> Gold is money, and has been considered money by all civilizations on earth for thousands of years. That is the historical value i was talking about, or how i
by sek 15y ago
> Gold is money, and has been considered money by all civilizations on earth for thousands of years.
That is the historical value i was talking about, or how it is seen as money today? In which civilization can you buy your groceries with it?
I never said fiat currency is there to invest, if you put your money in something that costs just to have it and you can't do anything with it then do it. For the unrealistic case that there comes a new gold based currency than you have no advantage over anyone else.
I call this stupid and misinformed.
- illumin8 15y agoYou can walk into a bank in any country in the world and convert it into a local currency. How is this not money, or equivalent to money?