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Is gold a commodity or money?

Is gold a commodity or money?

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Gold is best seen not as a commodity but as non-political money that comes to the fore when money issued by governments begins to look tarnished, according to Ned Naylor-Leyland, manager of the Merian Gold & Silver Fund.

 
'This is a Merian Investment Paid Post. The news and editorial staff of the Financial Times had no role in its preparation'

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