Post
Topic
Board Economics
Re: The Real Story of Gold
by
deisik
on 06/09/2015, 09:08:29 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".

Gresham's Law