Is gold the ultimate currency?

Tim Farrelly, farrelly's | 28 September 2012

In a recent article - "Gold investing: What is the 'barbarous relic' really worth? - CFA Institute content director, Ron Rimkus, opined that gold was the ultimate currency:

“As articulated by a young Alan Greenspan in 1966, gold is the only thing that fulfills all the requirements of money : It is scarce, it cannot be fabricated or produced in large quantities, it is durable, it is homogenous and divisible (so each unit is ...