How Money Works (Part I)
What is so special about gold that makes it the standard?
Published in
8 min readSep 16, 2020
Money is not cash. Cash accounts for about 8% of all the money in the world. Money is what we use to measure value. Cash is a physical representation of money. It is important to note that money is just a unit to measure value. It is not value in itself. This is why the currency of a country can fail. The value of any…
