SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (39370)6/13/2000 2:46:00 PM
From: Tommaso  Read Replies (2) | Respond to of 42523
 
There are no readily spendable forms of gold money. Gold is no longer money. By definition, money is the most liquid asset that can be readily exchanged for other goods or services, whether it's cocoa beans, wampum, cigarettes, cowrie shells, or Krugerrands. Gold does not perform that service any more than any of the other items in that list. It is something that can be purchased with money, however, and in any amount, being infinitely divisible, or at least as divisible as a bushel of wheat. That makes it just as much a commodity as silver is, and silver has also been demonetized.