Gold has historical precedence as money from "summary" of The Fiat Standard by Saifedean Ammous
Gold has historical precedence as money. It is a tradition that goes back thousands of years, to a time long before the emergence of modern fiat currencies. Gold has served as a reliable medium of exchange, unit of account, and store of value for countless civilizations throughout history. Its inherent properties, such as scarcity, divisibility, durability, and fungibility, make it well-suited for use as money. The use of gold as money dates back to ancient times when it was valued for its rarity and beauty. Gold coins were minted by various civilizations, such as the Greeks, Romans, and Egyptians, to facilitate trade and commerce. These coins were widely accepted and trusted as a medium of exchange due to their intrinsic value an...
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