What life would be like if Gold was used as money
What life would be like if Gold was used as money

Gold bugs and libertarians alike dream for a world where gold is used as money.  “No fiat currency” is a common sentiment, reflecting the historical truth that no government-issued currency lasts forever.  Even the mighty Roman whatever isn’t legal currency anymore… though if you have one in good shape it’s a nice little collector’s item. (By the way, the correct names for Roman currencies are Denarius, Solidus, Sestertius, and Aureus.  Even all-conquering Rome couldn’t make one fiat currency work.)

Today’s featured article is a real treat. Alasdair Macleod of Goldmoney.com (not affiliated with The Gold Enthusiast) wrote a great little paper on what it would be like if gold really was the money in use.

It’s a tricky rabbit hole to chase down, and he does a great job of exploring the realities in this article. Might not be as easy as you or your fanatical neighbor might think.  It’s a perfect piece to end your week – then you can tell us what you think in the Comments below.

Today’s featured article:  Prices When Gold Is Money