Answers Quote by Doug Casey
“Over two thousand years ago, Aristotle taught us that money should be durable, divisible, consistent, convenient, and value in itself. It should be durable, which is why wheat isn't money; divisible which is why works of art are not money; consistent which is why real estate isn't money; convenient, which is why lead isn't money; value in itself, which is why paper shouldn't be money. Gold answers to all these criteria.”
About This Quote
Source Book: The Casey Investment Guide, 2005
Aristotle's criteria for money emphasize durability, divisibility, consistency, convenience, and intrinsic value, which gold fulfills better than other items.
In simple terms: Money should be durable, divisible, consistent, convenient, and valuable on its own.
Key Takeaway
Choose assets that meet these fundamental money qualities.
Themes
economics
currency
value
investment
philosophy
Mood
analytical
pragmatic
Type
advisory
educational
When to use this quote
- personal finance
- investment strategy
- wealth preservation
- inflation hedging
Key Concepts
monetary theory
intrinsic value
asset selection
Questions to Reflect On
- Do modern digital currencies meet Aristotle’s criteria?
- How do you prioritize these money qualities in your portfolio?
A Different Perspective
Gold may be volatile and not universally accepted as a medium of exchange.
