Is gold sound money?
I've been hearing a lot about gold being a stable investment and a form of 'sound money'. I'm curious to know if gold really qualifies as sound money, given its historical value and universal acceptance.
Why are coins called sound money?
I've always wondered why coins are referred to as 'sound money'. Is it because of the distinctive sound they make when they jingle in your pocket, or is there a deeper meaning behind this phrase?
Is Bitcoin sound money?
I'm interested in understanding if Bitcoin qualifies as 'sound money'. I want to know if it meets the criteria for a stable and reliable medium of exchange, unit of account, and store of value.