Paper money is faked as well.
I’m not talking about carrying fake Chinese gold & silver bars around - I’m talking about using the money we used in the past, which contained gold & silver. When you cross a border, the person on the other side doesn’t care whose face is on the money, or what language - they only care about the content.
In a world where the US wants the most stable currency to be the US dollar, we’d lose that position if every country continued using the precious metals because it would be irrelevant who issued it.
“I’m talking about using the money we used in the past, which contained gold & silver. When you cross a border, the person on the other side doesn’t care whose face is on the money, or what language - they only care about the content.”
The problem is that today people can in fact fake that gold so good that only a expert with lots of expensive equipment can tell the fakes from real gold coins.