This quote is a reflection on the nature of money and its intrinsic value. Gold and silver, in their natural state, are just metals. They only become money when people assign them value and use them as a medium of exchange. Hence, while gold and silver are not naturally money, money is inherently gold and silver because it is a representation of value, just like how gold and silver are perceived to have value.
The second part of the quote, “money is by nature gold and silver”, suggests that money’s true essence is not the paper or coin, but the value it represents. This value is often backed by precious metals like gold and silver, especially in the past when most currencies were gold or silver standards. Therefore, money’s nature or essence is not the physical form it takes, but the value it embodies, which is why Marx says it is “by nature gold and silver”.
In today’s world, most currencies have moved away from the gold and silver standard and are now fiat money, which means their value is not backed by physical commodities but by the trust and confidence of the people. However, the principle remains the same: money is a representation of value and a medium of exchange.
In terms of personal development, this quote can be seen as a reminder to look beyond the surface and understand the inherent value of things. Just like how the value of money is not in its physical form but in what it represents, the value of a person is not in their outward appearance or possessions, but in their character, skills, and contributions.
