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by yoz-y 3293 days ago
Gold is a commodity, it can (and was) used as a currency but not as a very good one. For a good useful currency it has to have a stable price (this is why some countries prefer to use other countries money rather their own). It also has to be widely accepted. Gold is not very liquid nowadays, if I come to a car seller and throw a gold bar at them, I will most probably not get a car.