Sep 25, 2022
"Gold was accepted everywhere"? Pretty broad claim. Today dollars are accepted almost everywhere and gold almost nowhere. The failure in logic was the hypothesis that dollars are only a commodity in Europe. If businesses and individuals will in fact accept them as currency then they are in fact, currency. Gold is not and I doubt it ever will be again. Now Euros, probably can't use them easily anywhere outside of the EU, haven't tried and don't know. I do know that Canadians are only too willing to take greenbacks;)