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Debate Info

7
5
Yes, gold is money No, gold is not money
Debate Score:12
Arguments:11
Total Votes:12
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Argument Ratio

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 Yes, gold is money (7)
 
 No, gold is not money (4)

Debate Creator

Liber(1730) pic



Is gold money?

Yes, gold is money

Side Score: 7
VS.

No, gold is not money

Side Score: 5

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
1 point

Yes Gold is money because you could get some gold and trade it in for 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

Money can't be traded in for gold unless it is strictly used for direct use.

Side: Yes, gold is money

The definition of money:

"any circulating medium of exchange, including coins, paper money, and demand deposits."

So technically anything can be used as money ;)

Side: Yes, gold is money

Gold isn't circulated like money in our society, and thus it is just another commodity.

It can be money, but isn't in most modern societies.

Side: No, gold is not money
1 point

Gold isn't circulated like money in our society, and thus it takes the place of a commodity.

HA,HA,HA

Money is a commodity because it is involved in every single indirect exchange.

Side: Yes, gold is money

Of course money is a commodity, but not all commodities are money.

Perhaps I should of quantified that it was a non-money commodity.

Side: No, gold is not money

No but paper isn't money either. Money is a concept that only works if everyone accepts that concept to be true.

Side: No, gold is not money
Liber(1730) Disputed
1 point

And insofar as that concept is considered to be true, gold is considered to be money in North America's financial system.

Side: Yes, gold is money
1 point

True but then the majority of people can decide at anytime that what you call money isn't money. Then what you consider money will become worthless over night.

Side: No, gold is not money