Are Gold and Silver Money?

Paul Craig Roberts- Even when operating under a gold system, a central bank can essentially cancel it by interventions that offset the currency effects of the import and export of gold to bring the b

Former Federal Reserve Chairman Bernanke answers no.  

And so do America’s youth.  Awhile back I posted videos of a podcaster who would offer Americans a one-ounce gold coin worth approximately $1,800 for one piece of chewing gum, only to be refused.  The youth, who pay with credit cards, not with cash, think money is digital. Consequently a bitcoin is worth many times the value of a gold coin despite the fact that a bitcoin’s value is nebulous and can decline thousands of dollars in a day.

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https://thealtworld.com/paul_craig_roberts/are-gold-and-silver-money