Gold is Not Money

Discussion in 'General Precious Metals Discussion' started by Luker, Oct 8, 2015.

  1. Porcello

    Porcello New Member

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    FOFOA:

    "of course gold is NOT money! The true and pure concept of money is basically credit. More specifically, it is the recording of current balances of credit"
     
  2. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Maybe it's just that people can't agree on a definition of "money".
     
  3. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    The reasoning is still on the side of gold not being money... currently. ("Currently" is the important bit.)

    No one has adequately refuted the position below yet. It hinges on the definition of money, not the value of gold.

     

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