Hunan 60-year-old aunt bought a house with 6 gold ingots as a deposit. Can gold be used as currency?

Gold is only an investment and cannot be used as currency.

The existence of gold and silver is regarded as an investment product, which only has the function of value storage and investment, and cannot be directly used for the real payment function. In the incident, the aunt's ingot was transferred to the relevant gold shop by the real estate sales part and converted into currency for real estate transactions.

First of all: buying goods with gold requires an exchange process, and ultimately monetary payment.

Many people invest or preserve gold in order to preserve and increase the value of assets. As far as the currency era we live in is concerned, gold does not have the function of currency circulation and cannot be used for direct payment. If you want to pay in gold, you must first complete an equivalent exchange process, convert gold into market currency, and finally pay for the goods in currency. ?

Secondly, the value of gold is essentially an investment product, its value changes all the time, and it does not have the ability to pay directly.

Many people have the habit of investing or saving gold in order to resist inflation. The biggest advantage of investing in gold is that it has a very strong function of preserving value. Especially when inflation is particularly severe, gold has many incomparable advantages over other financial investments. In the incident, the old man's ingot was handed down from family, which shows that this investment concept has been going on for many years.

Gold itself also has one of the biggest advantages, that is, it is universal, belongs to the existence of hard currency, and can be exchanged for all kinds of paper money all over the world, thus ensuring that the depreciation of gold will always be the smallest regardless of inflation. This situation shows that the value of gold changes every day, so it cannot be directly used for payment. ?

Finally, there will be some losses when gold is cashed, which is why gold cannot be paid directly.

There are also many kinds of gold items. For example, the gold ornaments you usually buy cannot be converted into the same value, because many gold ornaments are added with manual fees and design fees, and such gold collections will cause price losses, so this is also the reason why gold cannot be paid directly.

The above is my personal opinion. If you have any other ideas, please post them in the comments section.