Gold as a monetary metal
Comment of the Day

November 11 2021

Commentary by Eoin Treacy

Gold as a monetary metal

Eoin Treacy's view

Gold is a monetary metal. That’s true even if we never use it for everyday purchases. It’s also true even if we never go back to a gold standard. The reason it is a monetary metal is it has a history as a unit of exchange and it is possible for it to become a unit of exchange in some potential set of future circumstances.

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