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Gold

Gold is a precious metal sometimes used as investment and historically as coinage for currency.

See also gold standard.

Properties

Gold has use value in jewellery and electronics.

Gold is a speculative investment.

Gold has no fundamental value.

Gold has no income.

Gold is a non-productive investment.

Trading gold is a zero-sum game.

References

  1. Eich, Stefan. 2018. ‘The Currency of Politics’. The Political Theory of Money from Aristotle to Keynes.
  2. Larue, Louis. 2020. ‘“A Conceptual Framework for Classifying Currencies”.’ International Journal of Community Currency Research 24 (1): 45–60.