ASX 0.52% $81.56 asx limited

is gold a currency?

  1. 24,765 Posts.
    A number of media articles and postings have referred to gold as a currency and ultimately the strongest currency.

    In my opinion, gold is certainly not behaving like a currency. At present when the US dollar weakens against the euro gold rises. The reverse happens when the US dollar firms against the euro.

    For gold to behave like a currency gold should be able to RISE AGAINST ALL CURRENCIES. This is not happening at present.
 
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