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currency is a medium of exchange, a token representing a store of value (durable good) elsewhere. Gold coins are a store of value, since the coin itself can be
by trhtrsh 14y ago
currency is a medium of exchange, a token representing a store of value (durable good) elsewhere.
Gold coins are a store of value, since the coin itself can be melted down and used as a good (but these days gold has a pile of speculative bubble on top of it)