Gold is Not another Currency by Peter Schiff

With gold prices rising against all of the world‘s fiat currencies, some have suggested that gold now trades as if it were an alternative currency, on par with the dollar, euro, and yen. However, this observation reveals a basic lack of understanding of the difference between money and currency. Since the confusion seems to be wide-spread, I thought it would be worthwhile to try and clarify the issue.

posted by SARTRE @ 3/24/2006 09:29:00 AM