Gold isn't a currency, it's a commodity. | Hacker News

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		gnaritas on Dec 1, 2013 \| parent \| context \| favorite \| on: Bitcoins: The Second Biggest Ponzi Scheme in Histo... Gold isn't a currency, it's a commodity.

NikolaTesla on Dec 1, 2013 [–]

Gold can be a currency, called a commodity currency, not a fiat currency.

gnaritas on Dec 1, 2013 | | [–]

Sure it can be, and was in the past; but we don't live in those times. Gold today is a commodity.

dredmorbius on Dec 2, 2013 | | [–]

"specie" when produced as a currency.

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