Gold is a fiat currency because it has no inherent value. | Hacker News

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megagpt2 23 days ago | parent | context | favorite | on: Dutch central bank moves share of gold from U.S., ...

Gold is a fiat currency because it has no inherent value.

lotsofpulp 23 days ago | [–]

That is not what fiat currency means.

https://en.wikipedia.org/wiki/Fiat_money

MiroslavPokorny 23 days ago | [–]

Gold has a lot of material uses, eg computer chips and other electrical equipment for starters.

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