Posted by MarkJRes on Oct 24, 2013 in Economics | 4 comments
So is gold “money” or isn’t it? There is so much disagreement about this I don’t know what to think anymore!
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The Creature from Jekyll Island
No certainly not, because if we found gold in high quantity from any ocean or from earth its prices will decrease so it can’t be compare to money.
Gold is the only real money left. Currency is based on it. Cash is just paper handed out by a government that can fail at any time. So pretty anything that is rare and worth while could be deemed as money in my opinion.
There is NO better store of value than gold. It will be here for thousands of years more, as long as we are here. Paper currencies will come and go.
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