The Phaserl


Keith Weiner: Why Gold Is The Best Money Of Them All, And Nothing Comes Close

by Jan Skoyles,

A slightly different Best of the Web today, one with perhaps a more relaxed feel with a storytelling element to it. Very often here at The Real Asset Company we focus on the role of gold in today’s economy, we refer to it as an investment and we look at how it is traded around the world in its various forms. Ultimately though, the reason why we have this underlying interest in it, and of course why people buy it in their frenzies (as we see in China) or why it is compared to currencies, is because it is money.

How did it come into being money? This is something Keith Weiner, president of the Gold Standard Institute, addresses below. Unlike what we call ‘money’ today, gold is money because it was chosen through a process of trial, error and elimination over many years by individuals, groups and nations who found a requirement for a medium of exchange.

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