Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Reveal Navigation

A golden adventure (in currency) A golden adventure (in currency) A golden adventure (in currency) A golden adventure (in cu...

share
This ad will end in seconds
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation

 

Blogs

A golden adventure (in currency)

April 27, 2012
A little Friday fun here, courtesy of Reuters' Felix Salmon, that attempts to answer the question of whether gold is a currency in the United States: 

Salmon attempts to spend a gram of gold in New York City. Initial attempts to purchase beer and a toy are rebuffed ("If I change it with you... I'm fired!") and ("That's a Guest Services question"), but he eventually succeeds at a small business selling... lobster rolls. Salmon gets three for his gold. 

"The most surprising people turn out to know how much a gram of gold is worth, with an astonishing level of accuracy," Salmon writes of his experience.  

But, he concludes, "Gold is not a currency. I'm reasonably sure that Andrew, the guy behind the counter at Snack Box, would not have accepted my gram of gold unless his boss was telling him too." 

Still, a fun experiment, especially as the debate over gold rears its head from time to time. Just ask Ron Paul how he feels about it (see 4:59 here). 

Get us in your feed.
More Blogs