gold, page-24285

@zillionaire

The two primary functions of money are:
1. Medium of exchange; and
2. Store of value

By these measures, gold fails as a currency.

Gold hasn't been used for the first in the modern era because its transport and verification are too expensive, cumbersome and time consuming to support efficient commerce.

During the last five years, gold has been a demonstrable destroyer of US dollar saving. Over the long term, the best that can be said for gold, is that it is an unpredictable store of value.