Post
Topic
Board Economics
Re: Hi Excuse me Are currencies a "store of value
by
redsun114
on 02/01/2020, 15:03:38 UTC
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
My dear, you may use all the commodities as a store of value still there is no guarantee that whatever you’re using to store your value will make your value increase, there are chances that it can decrease. There are people who make use of gold to store their value, gold does not only increase, it can as well decrease. Anything stocks, assets, or currencies can be used as a store for value, and they are either going to increase in value or decrease.

I make use of Dollars as a store for value and I also use Bitcoin, ETH, and Gold but my colleagues only make use of Dollars, none of them are interested in Gold or Bitcoin, it is up to their personal preferences for example.