Post
Topic
Board Economics
Re: Hi Excuse me Are currencies a "store of value
by
Zackgeno96
on 14/12/2019, 12:55:26 UTC
Hi i'm monolicaคาสิโน
A 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."sagame
Currencies are no more a store of value, in the past the national currencies were tied with the amount of gold that was present in the national gold reserves but as the demand increased then the currency was made only as a promise that the government will pay the bearer. That's why crypto is much better than using currencies as its value also increase and it is a good piece of investment for millenials as they truly understand what innovation and also accepts the new changes very well.