Gold as Currency

Gold has historically served as a form of money because it is rare, durable, and easy to verify. Unlike paper currency, which depends on trust in governments, gold’s value is universal and doesn’t require backing by a central authority. It can be divided, stored, and transported efficiently. People and governments use gold as a safe store of wealth, especially during economic uncertainties. While most modern transactions use fiat currency, gold remains a trusted reserve asset and hedge against inflation, maintaining its significance as a tangible, reliable form of money over thousands of years.