"Hard" money refers to currency that is backed by a gold or silver standard. It has intrinsic value and isn't just based on the government's word.
Think of "hard" money like a gift card from your favorite store. The value of the gift card is backed by actual goods in the store, not just a promise from the store owner that it's worth something.
Gold Standard: This is an economic system where a country's currency or paper money has a value directly linked to gold.
Silver Standard: Similar to the gold standard, this is an economic system where a country's currency or paper money has a value directly linked to silver.
Intrinsic Value: This refers to the actual value of an asset based on an underlying perception of its true worth, including all aspects of its physical nature and individual features.
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