Nouriel Roubini Blog
Roubini`s Comments on The Economy And Market Developments - Unofficial Blog
Aug 29, 2011
Gold Is Not A Currency.
3 required roles of a currency:
1. Means of Payment
2. Unit of Account
3. Store of Value
Gold today is not a currency as it is NOT 1. & 2.
Related ETFs: SPDR Gold ETF (GLD)
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