Fungible means you can break it down like how you can make change for a dollar, or how you can make different size gold coins, aka 1 Troy ounce, 1/2 ozt, 1/4 ozt, 1/10 ozt, etc.
Precious metals have all the properties of "money" largely because they can belted down or cut down to different weights and sizes.
Sticking to Fiat, a dollar can be broken down to quarters, dimes, nickels, etc.
What the heck is fungible, let's start there lol
Fungible means you can break it down like how you can make change for a dollar, or how you can make different size gold coins, aka 1 Troy ounce, 1/2 ozt, 1/4 ozt, 1/10 ozt, etc.
Precious metals have all the properties of "money" largely because they can belted down or cut down to different weights and sizes.
Sticking to Fiat, a dollar can be broken down to quarters, dimes, nickels, etc.
That's fungible.