Fungibility Fungibility In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable. For example, since one kilogram of pure gold is equivalent to any other kilogram of pure gold, whether in the form of coins, ingots, or in other states, gold is fungible. Other fungible commodities include sweet crude oil, company shares, bonds, other precious metals, and currencies. Fungibility refers only to the equivalence of each unit of a commodity with other units of the same commodity and not to the exchange of one commodity for another, which is barter. The word "fungibility"
Aurum Geyser Aurum Geyser Aurum Geyser is a geyser in the Upper Geyser Basin of Yellowstone National Park in the United States, on Geyser Hill. Aurum can, at times, be very predictable. Other times it can be very erratic. Observations have led to the theory that Aurum's activity is linked to the meadow behind the geyser. When the meadow is wet, activity is regular with 3 to 4 hours between eruptions. When the meadow dries in late summer and early fall, the interval becomes less predictable ranging from 4 to 7 hours. Aurum also participates in the weekly Geyser Hill wave. It