Post
Topic
Board Economics
Re: The Real Story of Gold
by
RealBitcoin
on 06/09/2015, 09:04:02 UTC
I think if you really categorize precious metals as money, then I think only silver is a real "precious metal" money.

Gold still suffers from lack of divisibility which is a core property of money. Prices are generally relatively too low for gold, so this makes trade very difficult with standardized gold coins or gold cubes.

So for everyday goods standardized silver coins, cubes or rounds are a better physical "money".

Perhaps if you want to go higher then use electrum coins with standardized purity ratio, but other than that gold is only for rich people.

But i told you guys already that even if these metals serve as money, bitcoin is still way better than them.