Only gold and silver have universal recognition and acceptance. By contrast, the Fed dollar, Punds, Euros or your local currency is not money; it is a currency. A currency represents actual money. There is no currency that represents true money
Real Money
Gold
People believe the fiat-created Federal Reserve Note (FRN), the dollar, is actually a monetary dollar, but FRNs are debt issued by the Fed. Debt can never be money
Fiat does not exist, except in one’s mind and yet around the world, many people believes their local currency is money.
Silver
Gold and silver cannot be created ‘on demand,’ both are finite. Contrary, there’s almost an infinite amount of paper on this planet however there’s a very finite amount of accessible precious metals.