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Is gold used as money

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Anonymous

15y ago
Updated: 8/17/2019

No, Gold is not used as money, Gold is used as jewelry. You can take your jewelry to a pawn shop or a jewelry store and then you can sell the jewelry to make money.

Gold was only used as money when governments controlled its price. Today the price is allowed to change on a daily basis so it would be impossible to mint a coin and give it a fixed value.

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Wiki User

15y ago

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