GOLD 0.51% $1,391.7 gold futures

is gold money ?, page-37

  1. 1,635 Posts.
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    cag by your logic nickel alloy is money. How about money has been made from gold and a small amount continues to be.

    ourlady, the fact that inflation has occurred in the past (and may be experienced in the future) has nothing to do with the definition of money. FYI there have been plenty of inflation events with gold backed currency from Roman times to prior to dropping the gold standard.

    kaya, simply stating something doesn't make it so. I know you want to think of gold as money, you probably invest in gold but you would never use it as money. Lets not use wikipedia as our reference.

    I am not attacking gold as an investment, it simply isn't money. That's what this thread is about. Remember that tomorrow when you use money to pay for your breakfast, bus ticket to work, lunch, shirt you buy for after work and drinks at the pub.
 
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