"In other words, gold is money."

The end of the dollar as the world's reserve currency is upon us...

Gold Game Changer: J.P. Morgan Accepts Bullion as Money
Janet Tavakoli

J.P. Morgan Chase & Co. announced on February 7, 2011 that it will accept physical gold as collateral for investors that want to make short-term borrowings of cash or securities.

Presenting gold to satisfy demands for performance bond collateral has been allowed on the London CME in a limited way since October 2009. As of November 22, 2010, the Intercontinental Exchange Inc. (ICE) has accepted gold bullion as collateral on all credit default swaps and energy transactions.

I don't recall the G-20 declaring gold a new currency. Yet JPMorgan Chase and a couple of financial market exchanges have effectively declared that gold is an alternative currency.

In other words, gold is money.

Read more:
http://www.huffingtonpost.com/janet-tavakoli/gold-game-changer-jpmorga_b_820005.html