Damus
Moist · 6d
money isn't a store of value though. inflation says it isn't, which is why for long term we exchange money for things - property, shares, gold, etc. money is just a means to exchange value simply. if...
Diacone Frost profile picture
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, anything what can't be easily inflated can be money. this property makes them store of value. because if I transact with you I want something what guarantees me that it's value won't disappear and I can use that to buy what I want the next day.

same thing is savings (which is a different word for hoarding). I don't spend (everything) because I expect goods will be cheaper in the future (either same thing will be cheaper or there will be a better equivalent; e.g. computers or washing machines, cars. look at their prices/value 20 years ago relative to your purchasing power)

but I digress...
Moist · 6d
gold was money, but not very practical. as they say gold is the money of kings silver is the money of gentlemen debt the money of the poor
Moist · 5d
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 200m...