IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-95425-2_16.html
   My bibliography  Save this book chapter

Gold is Money First, Haven Second

In: Bad Money

Author

Listed:
  • Brendan Brown

  • Philippe Simonnot

Abstract

Gold has the reputation of being a haven. First and foremost, though, gold is a money. It delivers the essential services of money—store of value and medium of exchange—even though in different ways and in some respects less efficiently than in previous epochs when leading nation-states had their currencies fully convertible into gold. Convertibility meant that the issuer of banknotes would promise to redeem these at par on request in gold, and gold could be taken to the mint in exchange for gold coins of the same weight. Gold coins circulated widely in everyday use.

Suggested Citation

  • Brendan Brown & Philippe Simonnot, 2025. "Gold is Money First, Haven Second," Springer Books, in: Bad Money, chapter 0, pages 169-181, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-95425-2_16
    DOI: 10.1007/978-3-031-95425-2_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-95425-2_16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.