GOLD 0.51% $1,391.7 gold futures

is gold money ?, page-41

  1. 4,618 Posts.
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    enon

    I agree with you gold is not money (legal tender).

    It is however a form of currency that can, on agreement of two parties, be used to settle a trade.

    The fact that you can't pay your taxes with it speaks volumes.

    Anyway, what is important is that gold will eventually be recognized for what it is - trustworthy medium facilitating trade. You can't print it or forge it.

    You can only devalue it if you can offer something better.

    and Champ you still have not answered my question - you have me intrigued.

    GC
 
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