Gold as a Currency and a Commodity

Peoplehave always sought to find out if gold is a currency or a commodity. It hasbeen used as both for a long time, with ancient societies using it as acurrency way before we established commerce and trading as we know them today.But where does it fall really?Currency Vs. CommodityBefore we can place gold in any of the two categories, we should find out what a commodity is and what a currency is. Currency is money issued by governments and circulated within different economies. Currency is usually distributed as coins and paper notes and is the basis for trade. A commodity, on the other hand, …

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