A form of money whose value comes from the material it’s made out of (ie, the commodity). Traditional examples of commodity money are gold, silver, cocoa beans, tea, and tobacco. Commodity money is made of objects that have a value themselves (or an intrinsic value) as well as their value in purchasing goods. The dollar and the euro are not forms of commodity money.
Commodity Money
Market Terms
We don't know everything about the markets. We're just devoted to learning. Taken from those smarter than ourselves, here's how we define Commodity Money.