Quote:
Originally Posted by MrMaxwell
Gold is money I don't care what our past 100 years may or may not say. Istorically, gold, it is money because it's universally accepted as valuable. Period.
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Universal value does not make something money. Money is a common medium that people can use to pay for and sell services/products.
Corn has universal value, wheat has universal value, rice, oil, and the list goes on and on.
Walk into a car dealership with a corn contract and see what they say. Walk in with a couple bars of gold and see what they say. They'll be stumped.
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