Why some people might argue that gold could be the main currency

This article was originally published on April 11 by user @Princess on CEO.CA - click here for?more articles written by the CEO.CA community.

Here are some reasons why some people might argue that gold could be the main currency:

Limited supply: Gold is a finite resource that is difficult and expensive to mine, so the supply of gold is relatively limited. This scarcity gives gold intrinsic value and makes it a more reliable store of value than fiat currencies that can be printed in unlimited quantities.

Universal acceptance: Gold has been used as a currency and a store of value for thousands of years and is accepted worldwide. Even in times of economic uncertainty, gold remains a safe haven asset that people turn to in order to protect their wealth.

Stability: Gold has historically been a stable store of value over the long term, unlike fiat currencies that can fluctuate wildly in value. This stability makes gold a more reliable currency for transactions and for preserving wealth.

Portability: Gold is easily transportable and can be divided into small denominations, making it a practical currency for everyday transactions.

Privacy: Unlike digital currencies, gold transactions can be conducted anonymously and without a central authority monitoring them, which may appeal to individuals who value privacy.