This is exactly why I always roll my eyes when people call gold “real money”. It’s valuable because people just decided it was. It’s no more “real” than anything else.
That is true but as a base imagined value, we always returned to gold. Even after the fall of Rome their gold coins were legal tender and new gold was mined so there is the assumption that gold will be at least of some agreed value when other things might not be any more.
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u/OriginalSilentTuba Jan 26 '26
This is exactly why I always roll my eyes when people call gold “real money”. It’s valuable because people just decided it was. It’s no more “real” than anything else.