GOLD 0.51% $1,391.7 gold futures

is gold money ?, page-30

  1. 1,645 Posts.
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    Grahod if you asked 99.99999% of the population what money was you would get an answer very close to a dictionary definition of money being currency issued as legal tender by a government which acts as a medium or measure of value of goods etc.

    I have never heard someone say something is worth x ounces of gold. I have heard someone say my gold is worth x dollars. That is the difference.

    You may hear some on this site say well usd can be measured in pounds stirling etc, but that is simply converting one unit of measurement to another, like celcius to Fahrenheit.

    There will be a whole heap of stretching the definition to try and include gold, talk about some deal Iran did for oil as if they are a pioneer of global finance! But at the end of the day people will point to a $10 bill and not a piece of gold when defining money and that's what counts. It's the measure of the definition of a word.

    Unrelated to the question but seemingly important to the attack dogs on this site like champ, I own a few gold stocks but no gold.
 
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