Will That Be Cash, Debit, Gold or Time?
With all of the uncertainty going on in the world markets, there are movements going on with respect to currency. The number of ways to pay for something is increasing, and the choices are becoming more varied. The currency that is being used at a given time is reflection of the state of affairs at that time.
Cash and check issued by a government or a bank are well known. What about gold? This has been around much longer than modern forms of money, and it is still recognized as currency by central banks and governments. It is used by consumers too in the form of jewelry or coins.
What about time? There are movements happening around the world where goods and services are being paid for by time. When people hear this, they tend to hear the word barter, and think…