Tag Archive | "paper money"

10 reasons why gold is money

I am pretty sure everyone knows what gold is. But the term fiat currency is defined by businessdictionary.com as ‘the common type of currency issued by official order, and whose value is based on the issuing authority’s guarantee to pay the stated (face) amount on demand, and not on any intrinsic worth or extrinsic backing.

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10 reasons why gold is money

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