“A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.”

Share & Save

Meaning

Not documented yet.

When It Was Said

Not documented yet.

Who It Was Said To

Not documented yet.

Historical Context

Not documented yet.

Source

Not documented yet.

Original Language & Translation

Originally said in English.

Did They Really Say It?

Not documented yet.

Did You Know?

Not documented yet.

About Nouriel Roubini

Nouriel Roubini is quoted here; further biographical details are not publicly available.

More from Nouriel Roubini (29 quotes) →
"A currency serves three functions: providing a means of payment, a un…" — Nouriel Roubini | Daily Quotes