Quote from: SirLancelot on Today at 11:34:10 AM

Quote from: worldofcoins on May 12, 2023, 10:33:03 AM

Quote from: Chukzy1992 on March 30, 2023, 09:32:50 PM

Since money is accepted as a store of value, trade is much more efficient.When an individual or business accepts money in exchange for a goods and services, the seller can store the money in a bank account and retrieve it later in the future.

This ability to store value over time is one of the critical functions of money in an economy.

Money surely can serve as a store of value but it is not always going to maintain its worth in the long run, since some currencies lose value when there is an economic crisis within a region, so it will surely do the work of storing the value but it might not be able to maintain that value and your wealth is likely to lose value over time.

I believe assets like gold and silver and cryptocurrencies like Bitcoin can provide better opportunities for transferring buying power from present to future since they will maintain or even increase the value of your money over time.

More precisely, basically Fiat money is a storage of value we know about it, but indeed the fiat money cannot maintain its value because the supply is always increasing which makes its value continue to decline, whether its use for saving the crisis or whatever is intended in the goal so that it print money In addition and then circulated, it will make the Fiat currency decrease in value because the supply of money is a lot, while the demand for money is only relatively stagnant that makes a currency decrease in value. Therefore, even though Fiat is a storage of values, but it is not effective in the long run because based on the situation above.

Gold, Bitcoin, Silver and others as a storage of values that are effective now also depending on the market demand, because most people already believe in gold or other noble minerals as a storage of values so that makes it worthy of a storage of value.