30 ms·

Gold also has no "natural" value as a currency, and make no mistake gold is traded as a currency, not for it's actual usage.

• betterunix 14y ago
  Where is gold traded as a currency? In what market are weights of gold used as a medium of exchange?
  • aneth4 14y ago
    Gold is traded almost exclusively for its liquidity and role as a value store, not for its intrinsic value. Currency traders don't use currency as a medium of exchange either.
  • hollerith 14y ago
    What grandparent (almost certainly) means is that gold is a "monetary asset": although there are industrial, cosmetic and personal uses for gold, if people were not using gold as a store of economic value, its price would be much lower than it is. More to the point, even if gold's industrial, cosmetic and personal uses completely disappeared, it would probably continue to be quite valuable because people would probably continue to use it as a place in which to "park" some of their savings.