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!
But the Swiss franc and the Norwegian krone, for exemple, are (still) often considered as store of values.
We have even seen a rise recently (like gold did), probably caused by central banks' monetary policies and negative interest rates. IIRC the swiss bank had to intervene because their currency was going up too much (or too quickly)
The Yen is too used as a SOV sometimes, due to capital being repatriated to Japan during politic and economic conflicts.