Gold as Natural Money

The comments below are an edited and abridged synopsis of an article by James Turk

“Every natural element with which the earth has been endowed has a usefulness—a purpose. If we listen to gold, its message is loud and clear—gold is money. To serve as natural money is gold’s highest purpose.”

Gold as Natural Money - bullionBuzz - Nick's Top Six
American Gold Dollar Coins Stacked, with selective focus on office desk

“The advance of civilization demonstrates that nature throughout the ages, to our good fortune, has provided everything humanity needs to progress, including money. Few today, however, understand money as it has existed from prehistory and as it was perceived up until the dawn of the twentieth century. Since the commencement of the First World War in 1914, time-honored principles have been abandoned. Humanity has become enthralled with money substitutes like national currencies and, more recently, cryptocurrencies circulating in place of money, and people have subsequently lost sight of natural money itself.”

Up for discussion: Gold is natural money; the gold stock; growth of the gold stock compared to the stock of dollars; and the essential nature of honest money.

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