Hi i'm monolica
คาสิโนA quick history of currencies and paper money shows that money began as a deposit of a certain value of gold/silver and then turned into a representation of the promises of those who issue it.
Looking at the US dollar, it has lost more than 90% of its value, making all paper currencies a bad example of a "store of value." "I do not want to mention the scenario that happened in the state of Venezuela or Germany after the war."
sagameCurrencies were a store of value earlier when the world economy was following Gold standard! With the abolishment of Gold standard, currencies are not anymore a store of value. It can be better described as a promissory note where the issuing authority takes care of the value and it is now backed by the debt papers! No wonder why it has started loosing its purchasing power!