Is gold money?
Yes, gold is money
Side Score: 7
|
No, gold is not money
Side Score: 5
|
|
|
|
1
point
In a free market economy, any commodity can be defined as money, yet it depends on the marketability and divisibility. Marketability is the demand of the commodity while the divisibility is how the money is expressed in weight or ratios. The commodity must be commonly accepted as a medium of exchange, and the emergence of money is a market phenomenon, which results from self interested individuals. Therefore, of course, gold is money. Side: Yes, gold is money
2
points
Yes Gold is money because you could get some gold and trade it in for money. Do you have any idea how badly you contradicted yourself? So you are saying that gold IS money, but you can trade that money in for money? Therefore technically not making it money until it is traded in? Is that what you're saying? Side: Yes, gold is money
1
point
1
point
|
1
point
1
point
1
point
1
point
1
point
|