GOLD 0.51% $1,391.7 gold futures

gold, page-83736

  1. 19,072 Posts.
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    Money is Nothing More than what we (our elected representative) assign it. Once upon a time, money was silver and gold coins - that is because it was the acceptable form of exchange, at the time.

    Before the creation of Money, we had a barter system.

    Even today, we still have small barter systems that goes on.

    Money is Nothing more than a medium that facilitate exchanges of goods and services.

    Whether we use bitcoin, money denominated in the local currency, USD, EURO, YEN, GOLD - they all can be exchanged for goods and services.

    If tomorrow, we see car as being exchangeable for goods and services....it is deemed as money.
    Last edited by Cosmoterios: 16/08/20
 
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