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A store of value is not necessarily a medium of exchange, and in our current fiat money system, gold is not money. But it has most of the desirable properties of money, and there is much to learn form the process of how it became money in the past.
Original Article: "Is Gold Money?"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
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Robert Blumen is a software engineer and podcast editor. Send him email.