Why Gold Is the Standard for Currency?

Perhaps you know that gold is the standard for currency, but you really have no idea what that means. You're not alone. Not all of us are financial gurus. Gold has been used as a form of money for thousands of years. In fact, it is among the oldest forms of money in the world. The gold standard is a money system where the money that is being circulated, like a paper bill or bank note, have a value that is directly linked to gold that is stored away somewhere.

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