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Gold is not money. Gold is an asset. Dollars, Yen, Euros are money. Assets can be converted to money but assets are not money. Money is something that is common
by jahmed 15y ago
Gold is not money. Gold is an asset. Dollars, Yen, Euros are money. Assets can be converted to money but assets are not money. Money is something that is commonly and readily accepted in exchange for goods or services.
Can gold be money? Sure if everyone accepted it but shells, cool rocks or toe nail clippings can be money too.