Thursday, 18 October 2012


FreeGold : A economic regime whereby the functions of money are split over multiple mediums. These mediums are freely exchangeable at a floating exchange rate and contracts are only enforceable in the Medium of Exchange. 

Note - As evidenced by history, gold serves best as Store of Value, and fiat currency serves best as Medium of Exchange, due to their respective unique characteristics. The Unit of Account function can be served by either, depending on the time frame in question.


The Fool