{"id":69,"date":"2018-07-12T14:09:50","date_gmt":"2018-07-12T14:09:50","guid":{"rendered":"http:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/?page_id=69"},"modified":"2018-07-24T18:53:27","modified_gmt":"2018-07-24T18:53:27","slug":"pros-and-cons-of-commodity-currency","status":"publish","type":"page","link":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/pros-and-cons-of-commodity-currency\/","title":{"rendered":"Pros and Cons of Commodity Currency"},"content":{"rendered":"<p>by David Chen<\/p>\n<p>In ancient times, food, cloth, silk, land had all been used as commodity currencies in trade or in procurement of labor and services.&nbsp; Today, real estate is another form of commonly seen commodity currency, in most of the developed countries.&nbsp; Such commodity currencies also have their pros and cons:<\/p>\n<h2>Pros<\/h2>\n<ul>\n<li>With high intrinsic value that is called &#8220;utility&#8221;<\/li>\n<li>Can be liquidate in principle, with no worries that such currency will ever be totally rejected on the open market<\/li>\n<\/ul>\n<h2>Cons<\/h2>\n<ul>\n<li>Price is often too low in trade, due to fluctuating demand, therefore over production<\/li>\n<li>Demand often are subject to public opinions and personal tastes<\/li>\n<li>Lack of coincidental demand among all traders, in other words, difficult to find the same &#8220;common&#8221; interests<\/li>\n<li>Difficult to carry in trade<\/li>\n<li>Difficult to be used in international trade as foreign exchange currency<\/li>\n<li>Difficult to be used in monetary policies to stimulate economy within a country<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h1>Does Transparent Gold possess the best of both worlds?<\/h1>\n<p>Answer: Mostly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by David Chen In ancient times, food, cloth, silk, land had all been used as commodity currencies in trade or in procurement of labor and services.&nbsp; Today, real estate is another form of commonly seen commodity currency, in most of<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/pros-and-cons-of-commodity-currency\/\">Read more <span class=\"screen-reader-text\">Pros and Cons of Commodity Currency<\/span><span class=\"meta-nav\"> &#8250;<\/span><\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-69","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/pages\/69","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/comments?post=69"}],"version-history":[{"count":9,"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/pages\/69\/revisions"}],"predecessor-version":[{"id":112,"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/pages\/69\/revisions\/112"}],"wp:attachment":[{"href":"https:\/\/www.bestfittechsolutions.com\/bestfittechsolutions\/wp-json\/wp\/v2\/media?parent=69"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}