--

Adebayo, gold is no more money than a ten-dollar bill or a tulip bulb.

Gold is a commodity that, through the centuries, has been used as a currency because it was distinct and undestroyable.

Money is the strength of a promise to deliver goods or services. It doesn't have an intrinsic value and can be created by work and innovation.

I don't know the exact history of moving from the gold standard. It likely became cumbersome and irrelevant.

Best.

--

--

Kerry Landon-Lane
Kerry Landon-Lane

Written by Kerry Landon-Lane

OP-ED writer, designer and artist. Most recently returned to architecture and deliberately presents the subject void of buildings.

Responses (1)