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Is Gold Becoming Another Regular Old Commodity?
One of my more controversial views in finance is that gold will one day be viewed as a mere commodity and not a form of money. My reasoning for this view is simple – I think the era of money as a physical item is long behind us and that the future of money rests with electronic forms of money that serve primarily as a record of account and medium of exchange. That means the need for physical gold as a form of money will likely cease to exist or at least be reduced substantially in the future. As for gold at present, well, my views are simple: Gold is definitely a form of money because it is viewed by many as a ... (full story)
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- Mar 6, 2014 1:14am Mar 6, 2014 1:14am
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NikolasII
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