Money as a store of value... - page 2.

Wend

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Quote from: Aanuoluwatofunmi on May 13, 2023, 08:45:05 AM

Quote from: kojektea on May 12, 2023, 08:50:28 AM

money is an evolution of the previous way of exchanging goods. well you could say it also has value in it even though at first money was just paper. but it became a high value when the state decided to use money as a medium of exchange for goods before using the barter system to exchange goods. The existence of paper money also makes wealth and poverty a consideration that can be mentioned when they can show how much and how little money they have.

I can't accept money in form of fiat as a store of value or a profitable asset because alot of factors are waiting to degrades it value down along the line whereby what a thousand dollars can buy may not be able to afford buying it anymore except you added to it, inflation is one of the major player i will this kind of occurrence, but the digital technology has advanced the financial monetary system with cryptocurrency and one can invest in bitcoin and make good return from it over time without being affected by inflation or economy instabilities.

Money was once a store of value, but it is no longer relevant because inflation kills it daily. Instead, we have alternatives like bitcoin, gold or other metals because these assets will increase in value over time instead of decreasing like money. But nothing is perfect, bitcoin investment can help us fight inflation but also make us poorer because bitcoin is a volatile asset, and its future is uncertain. If talking the best place to store value today is still gold and real estate.

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Quote from: kojektea on May 12, 2023, 08:50:28 AM

money is an evolution of the previous way of exchanging goods. well you could say it also has value in it even though at first money was just paper. but it became a high value when the state decided to use money as a medium of exchange for goods before using the barter system to exchange goods. The existence of paper money also makes wealth and poverty a consideration that can be mentioned when they can show how much and how little money they have.

I can't accept money in form of fiat as a store of value or a profitable asset because alot of factors are waiting to degrades it value down along the line whereby what a thousand dollars can buy may not be able to afford buying it anymore except you added to it, inflation is one of the major player i will this kind of occurrence, but the digital technology has advanced the financial monetary system with cryptocurrency and one can invest in bitcoin and make good return from it over time without being affected by inflation or economy instabilities.

ringgo96

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Now all countries have used money as a legal means of transaction, and money has indeed been relied on as a stable store of value, and now everything we need must use money as a means of payment, but in the past there was barter between one item and another and this was already common among the public because at that time there was no special provision from the government in using a certain currency to get an item, And I believe money will continue to be a store of value for the foreseeable future.

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Quote from: SirLancelot on May 13, 2023, 06:34:10 AM

Quote from: worldofcoins on May 12, 2023, 05:33:03 AM

Quote from: Chukzy1992 on March 30, 2023, 04:32:50 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.

Correct! Generally, money will hold its value with a little bit of volatility, even in times of financial crises in certain countries, which may affect the local currency. However, in the long run it is still safe to use your local currency, especially if your country is strong and stable.

As you mentioned above, assets can provide additional wealth and are less likely to be affected over time. In fact, they may even increase in value and provide a profit, making them excellent long-term investments. Three such assets that come to mind are gold, real estate, and Bitcoin. These investments are known to be profitable and relatively stable over time.

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Quote from: SirLancelot on May 13, 2023, 06:34:10 AM

Quote from: worldofcoins on May 12, 2023, 05:33:03 AM

Quote from: Chukzy1992 on March 30, 2023, 04:32:50 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.

It can be said that money used to be a reliable store of value, but with increasingly unstable economic development creating a crisis, money is no longer a safe store of value. Money still plays an important role in the commodity exchange system of the worl d economy, but it shouldn't be considered a store of value these days.
I agree with you, metals, real estate, or bitcoin are more suitable than money as a store of value because, over time, they not only maintain the value of our assets but can even profit for us so that we can resist the devaluation of the currency.
We can't eliminate money from our lives but don't trust it too much as its value decreases every day, diversify your assets if you don't want to be poor in the future.

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Quote from: worldofcoins on May 12, 2023, 05:33:03 AM

Quote from: Chukzy1992 on March 30, 2023, 04:32:50 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.

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Well, fiat money is a poor store of value because it keeps losing purchasing power. There are some better than others, however, as the Euro is much better than the Bolivar, for example.

Quote from: RockBell on April 04, 2023, 11:40:24 AM

The issue right now is that saving money while inflation is plaguing the economy is a bad idea all around.

Of course, inflation is much more noticeable now than in 2015 for example, so it is better to look for better stores of value than fiat, such as Bitcoin, but if we buy Bitcoin with that idea we must do it for the long term and be aware of the volatility.

Quote from: justdimin on April 05, 2023, 01:18:04 AM

I would say since we are in the bitcointalk world, I would guess that there is a bit more likeliness to buy bitcoin than gold, and that way you would be able to hold your money in something that is easily liquidated and you would be able to take a profit from the ups and downs of the fiat world as well. It is not going to end up with anything at all, but there is absolutely no way that I would give that up.

Not many people consider that as an option in the world just yet, and most still prefer gold, but there will be time when bitcoin will surpass gold as an option. That won't happen anytime soon, like this year, but in the next 10 years it could happen.

We may be a bit biased on this forum regarding Bitcoin, but I agree with the general analysis you make. I believe that little by little the trend is already reversing.

kojektea

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money is an evolution of the previous way of exchanging goods. well you could say it also has value in it even though at first money was just paper. but it became a high value when the state decided to use money as a medium of exchange for goods before using the barter system to exchange goods. The existence of paper money also makes wealth and poverty a consideration that can be mentioned when they can show how much and how little money they have.

cydrix

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Crypto is the finest because of this. It's not really "money" as we understand it, but it's also not merely an asset. It is advantageous to utilize fiat currency as well as cryptocurrency to make purchases. However, it is also an asset that increases in value. It functions in both directions, and in my opinion, this is what made people adore it so much. Imagine that while it is in your pocket, the value of the money increases continuously. After you use it, the worth of the money increases once more.

Patrol69

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By treasury and money we mean two different things. By money we mean paper money or digital money which we cannot use directly but we can use it by accepting something in exchange for money. But by treasury we basically mean the source of money or the storehouse of money. Your land deposit can be your source of money or everything related to this is treasure. That is, cash is generally not considered as treasury. We can call treasury as financial treasury. where our money is stored, financial treasury or treasury plays a major role behind the development of a country.

worldofcoins

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Quote from: Chukzy1992 on March 30, 2023, 04:32:50 PM

Firstly what is the word store of value;store of value is something that maintain its worth both in the present and the future.Money is a type of assets in an economy that you can use to buy goods and services from other people or businesses.One of the functions of money in an economy is that it's serves as a store of value.

You are correct that a store of value maintains its worth over time, and money serves as a store of value in an economy.

Quote from: Chukzy1992 on March 30, 2023, 04:32:50 PM

A store of value is something people use to transfer purchasing power from the present to the future.
While money is an asset that can store value, and also Gold and silver for example, acts as store of value.

This is because cash allows people to transfer purchasing power from the present to the future, which makes trade more efficient. Gold and silver can also act as stores of value because they are durable and can retain their value over time.

Quote from: Chukzy1992 on March 30, 2023, 04:32:50 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.

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Quote from: Uruhara on April 04, 2023, 12:06:20 PM

Quote from: gaston castano on April 04, 2023, 11:16:13 AM

do you think money can retain its value?the amount of money in circulation will continue to increase over time,that is why inflation occurs.
as opposed to something that is a fixed amount, since the value will continue to rise all the time, there may be a small correction but in the long term it is not too worrying.

Keeping our wealth assets in the form of money will indeed only make our wealth assets continue to decrease in value. because money continues to be affected by high inflation. The central bank is currently continuing to raise interest rates to attract customers to make deposits and save more at the bank. but in fact this did not really have much of an impact on reducing inflation. there may be a slight decline but if it continues then the threat of a recession becomes more likely. because even today people are starting to save money and spend less money. so that the circulation of money in the economy has decreased slightly (slowing the velocity of money). and this is also not good in the economic cycle. so for sure the central banks will start lowering their interest rates but that also means the pressure on inflation will be a bit slack. and this is why money cannot be used as a store of value. because money tends not to retain its value. without even realizing it every year money continues to experience a decrease in value little by little.

Money, money, money! Philosophizing about its worth is a mind-bender. You hit the nail on the head – money's a flaky store of value, with its worth spiraling downward due to inflation. It's downright unsettling to ponder how much our cash has depreciated.

Central banks jacked up interest rates, hoping to reel in customers and spur savings, but it barely made a dent in inflation. Cue the existential queries: How do we safeguard our financial assets? Time to ditch old-school saving tactics for fresh investment strategies?

Let's put on our thinking caps, seek inventive ways to invest, and dodge inflation's fallout. We must hunt for methods to shield our money's value and make sure our assets multiply. Bottom line, money ain't the store of value we'd like, but we can play it smart with investments and explore alternatives to bolster and expand our assets.

Supreemo

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yes, it can be stored, but i cannot guarantee its value. we are all aware that for money to become a store value, one must put it inside their respective banks and it is also a method to earn interest as what we commonly call "time deposit", but we are also aware that there is only a little bit if interest rate in which your money can grow, and if you ask me if is it worth it? no, it's not worth it if your money is too little. are the wealthy and relatively rich people put money on their banks? yes, but not that much coz they knew how much it can grow if it is cultivated outside, so they will choose the latter option.

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I don't agree if you say money is a store of value. I agree more with gold, and land as a store of value. this is because the value of gold always has a stable value, even if the price of gold falls not as badly as the value of money collapses, the same goes for land, every year it always has an increasing value, and land also depends on the area owned by a person.
therefore I prefer gold and land as a store of value

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Quote from: South Park on April 10, 2023, 04:35:10 PM

Quote from: gaston castano on April 04, 2023, 11:16:13 AM

do you think money can retain its value?the amount of money in circulation will continue to increase over time,that is why inflation occurs.
as opposed to something that is a fixed amount, since the value will continue to rise all the time, there may be a small correction but in the long term it is not too worrying.

Money should be a store of value as it is one of its most basic characteristics, for example thousands of years ago before money as we know it was created we had commodity currencies, people use commodities to trade with others and on some parts of the world tea was a popular way to trade with others, but tea was not a good form of money, because even if people knew it was valuable it could not act as a store of value as it deteriorated too fast, and this is a similar problem we are facing with fiat now.

Although money will continue to be a stored value in the future, it does not guarantee to be the only one. I think cryptocurrencies will have a great impact on the future of fiat money since it offers a more decentralized way of transactions. This would be of great challenge when a lot of people would recognize and adapt to the advancement of our society through cryptocurrencies. Also, the inflation that is currently experienced in various countries would totally affects the way the stored value of money is seen. The ongoing increase of inflation rate would make low purchasing power of the people. It would probably shift people to digital currency since it really shows more advantages than current fiat money, but all in all I think fiat money would co-exist with cryptos in the future.

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Quote from: gaston castano on April 04, 2023, 11:16:13 AM

do you think money can retain its value?the amount of money in circulation will continue to increase over time,that is why inflation occurs.
as opposed to something that is a fixed amount, since the value will continue to rise all the time, there may be a small correction but in the long term it is not too worrying.

Money should be a store of value as it is one of its most basic characteristics, for example thousands of years ago before money as we know it was created we had commodity currencies, people use commodities to trade with others and on some parts of the world tea was a popular way to trade with others, but tea was not a good form of money, because even if people knew it was valuable it could not act as a store of value as it deteriorated too fast, and this is a similar problem we are facing with fiat now.

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Money is something that can make us happy or sad, many people do anything for money, it's normal for people to want to sell organs like kidneys to get money, but as humans we have to think positively that helping people in need is a noble act that will make us happy.

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Quote from: Chukzy1992 on March 30, 2023, 04:32:50 PM

Money is such a broad name that encompasses anything that could be accepted for a means of payment on goods and services. Now, not all money are still useful in present times, like the cowries, the manilla and the rest of them from a time past in Africa. These are still regarded as money but, most have no value except being displayed in museums.
Now, money cannot be regarded as an asset, not all money I mean as, most are subject to inflation and many other influences mainly from the government as they are the issuers. Assets aren't something you use in an everyday expenditure and that's very much what is the business with fiat.

Bitcoin ad Gokd perhaps could fit in but, not so much with fiat currencies and still, bitcoin haven't gotten a general acceptance by the masses.

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Quote from: Chukzy1992 on March 30, 2023, 04:32:50 PM

Firstly what is the word store of value;store of value is something that maintain its worth both in the present and the future.Money is a type of assets in an economy that you can use to buy goods and services from other people or businesses.One of the functions of money in an economy is that it's serves as a store of value.
A store of value is something people use to transfer purchasing power from the present to the future.
While money is an asset that can store value, and also Gold and silver for example, acts as store of value.
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.

What's the point that you're making? That paper money has value?

I'm sure we could look at the global economy over the last hundreds of years to recognize that paper currency has value. It's not that anyone is challenging that. You may mention where that value comes from, though. The value of any currency originates from the government. The paper within itself is inherently worthless. In fact, you could have millions of units of currency and have the net worth of zero if you don't find someone that holds the currency attributable to the same value you do. Gold and silver at least have some inherent value so they're not comparable but they're often lumped together with currency.

mvdheuvel1983

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In the past money used to be a store of value but not anymore judging from the worsening economic crises in the country where I reside and the rapid devaluation of the currency. Yes, devaluation is the word that tells that money isn't anymore a store of value. Depending on your point of view and stand point, Bitcoin can be argued as a store of value. At least I read one time where some people in a particular country took out their money from their banks to buy Bitcoin so as to wealth from falling. Real estate is to me a store of value. It's value doesn't drop. Gold and other precious metals act as a store value. In summary, the worth of money is not what it used to be because Bitcoin and other digital currencies are taking over.

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