Posted By: admin | Posted In: Currency and Monetary Systems | May 8, 2023

Money and currency are related concepts, but they are not the same thing. Currency is a specific type of money that is used as a medium of exchange in transactions.  Money, on the other hand, is a broader concept that encompasses all types of assets that are used as a medium of exchange, a unit of account, and a store of value.

Currency is a physical object that is typically issued and regulated by a government or central bank. Examples of currency include paper bills, coins, and digital currencies such as USDC. Currency has a set face value that is recognized by the issuing authority and can be used to make transactions and settle debts.

Money, on the other hand, can take many forms beyond physical currency. For example, money can include bank deposits, stocks, bonds, deeds, or other financial instruments that can be used to make purchases, settle debts, or invest in the economy. These forms of money can be held and transferred electronically and are not necessarily backed by a physical asset. Precious metals like gold & silver are also money, in fact they are the oldest forms of money and the only ones which have survived the test of time and all of history.  Precious metals are also the only form of money that does not have counter party risk, meaning its exactly what it is, its not a promise, its universally accepted and it is not dependent on someone or something else to pay its debts or obligations, its stands and is valued by itself.

In summary, currency is a specific type of money that is used as a medium of exchange in transactions. Money, on the other hand, encompasses all assets that are used as a medium of exchange, a unit of account, and a store of value. While currency is a physical object, money can take many forms beyond currency, such as bank deposits or financial instruments.

In what’s referred to as the stacker communities (people collecting precious metals) people say I’m spending my currency (the dollar or their nations currency) to buy myself real money (gold & silver).