Yes, I agree with Jim who says “gold is universally recognized as money.” When my folks decided to emmigrate from South Africa in the late ’70s, they could only take a certain amount of money out of the country, so they opted to convert some cash to Kruger rands, and bring them out of the South Africa, and into the US. I’m not exactly sure how they converted them back to US Dollars, but believe me, many things can become cash if there is a buyer for them. It really doesn’t matter if it’s a commodity or a currency, it just matters that you can trade it.
