By Keith Weiner – Re-Blogged From http://www.Gold-Eagle.com
A skeptic said to me recently, “The dollar is money and gold isn’t.”
I asked, “OK, how do you define money?”
He responded, “You use dollars to buy groceries, not gold.”
He defines money as the accepted medium of exchange. Let’s drill deeper into that.
The government forces gold out of circulation. Taxation is one way (there are others). If the price of gold rises, it’s taxed as a capital gain. The result is that gold cannot circulate, because no one wants the possibility of a tax bill on every transaction.