Post
Topic
Board Economics
Re: Fiat Currency Always Fails
by
BobK71
on 11/04/2018, 12:27:46 UTC
In my opinion As long as fiat money still serves as a medium of exchange, it will always be needed by the people of today and therefore it will always have a function as an asset to all of us. although the best value-keeping asset is gold but even though gold is quite liquid, it is no longer money that serves as an intermediary.

True, but only a small portion of your savings needs to serve as a medium of exchange.  Most of it needs to be a store of value.