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<p>[QUOTE=&quot;medoraman, post: 1600320, member: 26302&quot;]How does it meet the definition of money? Do banks accept your deposit of X ounces of gold on account? Does anyone buy or sell using gold as the medium of exchange? I do not see one instance on this earth where today grams of gold is &quot;money&quot; using most traditional definitions.</p><p><br /></p><p>Is it an asset? Of course, but so is corn, cheese, pork bellies, copper, iron, and cotton. Gold is great since it is small, valuable, and does not decay, but how does that make it money?[/QUOTE]</p><p><br /></p>

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