That’s false. Gold is a durable commodity. The transaction cost is too high to function as money. The fraud rate is too high to function as money. The scarcity is too high to function as money (there isn’t enough of it). It’s too open to manipulation to function as money.
Source date (UTC): 2020-05-02 14:41:17 UTC
Original post: https://twitter.com/i/web/status/1256594615970529288
Reply addressees: @MacleodFinance
Replying to: https://twitter.com/i/web/status/1256489744063696896
Leave a Reply