Gold is money. I know most find gold a “barbarous relic” as Mr. Keynes once put it. But it’s because most people don’t understand what money is. They confuse money with wealth. It is not the same thing. Money is a medium of exchange used in a complex market economy. It is a commodity like any other good, subject to the law of supply and demand. I know shocking isn’t it?
Money has not been invented by governments but by human beings engaged in trade in a market economy. For centuries, gold and silver have presented the best qualities for …
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