1 thought on “Is gold currency? Why?”

  1. Consultation record · Answer on 2021-05-12nIs gold a currency? Why? Isn't it that gold is naturally currency, but because of the development of society. We need something to act as currency. This kind of thing needs to meet certain conditions. First, the currency must be solid. Second, easy to carry, non -toxic. Second, the currency must be stable in nature and cannot easily respond to the material of the outside world. Third, it has enough reserves on the earth, but not too much. Fourth, it is easier to cast and use it to create currencies of different units. After choosing all the way, only gold and silver are left! Natural currency is not a gold currency is a general equivalent developed by people in tens of millions of years of economic activities. It is a product that appears to meet people's transaction needs. There are more or less or no existence, there is no direct causality between the two

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