A few comments about gold

An ideal currency “should be absolutely invariable in value. Precious metals are not perfect but they are ‘the best with which we are acquainted.” ***** David Ricardo ***** Gold fits almost perfectly all the criteria required for an item to be used as money. It is instructive to give a list of the requirements for an item to be a good candidate to be used as money: 1. Durability – It must be able to stand the wear and tear to…