national currencies are not store of value, you're right. From my pov they're not money. exactly because of that they can be printed cheaply.
gold was money, bank notes backed by gold were money, an...
interesting thing about gold as a store of value. started looking into historical property prices as part of a wider project I'm doing in my spare time.
Take Florida as an example.
in 1950 the average house cost 190oz of gold and was about 100m2 in size.
today the average Florida house is over 200m2 and costs about 100oz of gold.
so in gold terms it costs half as much buy you get 2x the size.
try telling someone today Florida houses are 1/4 of the price in 1950.
there's a whole lot of factors involved obviously, but it gives you an idea of the massive devaluation of the US $ and variance in value perception over 75 years.
Take Florida as an example.
in 1950 the average house cost 190oz of gold and was about 100m2 in size.
today the average Florida house is over 200m2 and costs about 100oz of gold.
so in gold terms it costs half as much buy you get 2x the size.
try telling someone today Florida houses are 1/4 of the price in 1950.
there's a whole lot of factors involved obviously, but it gives you an idea of the massive devaluation of the US $ and variance in value perception over 75 years.