Money as a store of value...

[abralzain17]

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.

I don't agree with your statement where you mean money is a store of value. I think gold really deserves to be mentioned as a store of value, the reason is that when the world experiences economic uncertainty, usually the value of money will fall, but the value of gold will continue to rise. as happened some time ago when covid 19 attacked the world, almost all currency values weakened. Therefore, in my opinion, gold is more worthy of mention as a store of value.

[South Park]

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.

And as you can probably infer from your own explanation fiat currencies are not a store of value, in fact they do the opposite as instead they steal from anyone that decides to use them to save their wealth over the long term, and this explains why the rich are always buying everything they can with their fiat money, as they know that if they were to keep their wealth in this way they will lose more and more wealth, and this is simply unacceptable for them.

[Fivestar4everMVP]

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.

Well, I don't really consider our current traditional currencies, that is the fiat currencies to be store of value since they hold/store but little value overtime.
You will agree with me that traditional currencies, through inflation, have lost their purchasing power/value overtime, today what we used to buy for $1000 way back 1990, today in this year 2023 now sells for $10,000 if not more, this is not a characteristics of a true store of value and I think it is wrong to classify fiat currencies as store of value.

I think the real store of value is Bitcoin, and some other top crypto coins, gold, silver, real estate, company shares/bonds etc, all this I consider store of value because they have the ability to appreciate very much in value, thereby increasing their purchasing power, even after they might have depreciated before.

[Captain Corporate]

This is why crypto is the best. I mean it is neither "money" as we know, but not just an asset. It is both good for spending money in a regular way, like fiat, you can use crypto to buy stuff. But at the same time it is an asset that goes up in value as well. It works both ways and I believe that it is the reason why people loved it so much. Imagine your money in your pocket goes up in value all the time while you have it there, then you spend it, and then it continues to go up. That is not the world we live in, right now the mone yin our pocket loses value when its there and that's why its such a sad situation.

[Joshapat]

Money is an important thing in life, if we are not good at managing finances then we will regret and of course cry, now there are many suggestions from financial experts that we can adapt to the conditions that happen to us, as long as we can follow their advice then we will be successful.

[Mpamaegbu]

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.

This is why you shouldn't write on sensitive stuff like this from the top of your head without making your research. It's really absurd to classify money (fiat) as a store of value. It's obviously not. Anything that depreciates in the presence of inflation can't be quantified as such. We can say Gold is. Bitcoin is. But not fiat. For instance, a few years ago in my country N100 was $1 in 2008. Today, N745 exchanges for $1. Inflation has beaten the hell out of the local currency with virtually no corresponding value to show for the difference. N100 in 2008 had a better purchasing power than the current N745 of today. Every Nigerian know this.

[Crypt0Gore]

Money, the biggest friend of inflation, I am surprised that many members are classifying money as a real store of value, something that depreciates very fast in a matter of months, to me money is not a real store of value and shouldn't in any way be considered as one, the example of store of value are things that retain their value or add more to their value as time goes by, for example Gold, Silver, and all other precious stones you can find around the world, they are very hard to find and they are very useful, this is why they are good store of value. 

Another good store of value is Bitcoin, as risky as Bitcoin is, it's a good example of real store of value because its deflationary and useful, yes it's currency but in a storing of value manner, way better than Fiat or Money when it comes to store of value.

[Alphakilo]

I agree with your point.
Permit me to say there are other store of value aside money such as Landed properties can also be regsrded as store of value because landed properties appreciates in value and if you look at it well you will realize that landed properties are a higher store of value than money.
For instance, $100 today will still be $100 next year but a landed property that is worth $20000 today in a central business districts can rise to $50000 in years to come.

[naikturun]

but what goes further about money, is that the value of money will continue to decrease every year because the government and banks will continue to print money as they please, so that's why there will continue to be inflation, deflation may occur but the ratio is very small.

[Wong Gendheng]

As Bitcoin users, of course we feel great benefits rather than bitcoin, it is natural that many want to eliminate Fiat function because it has many weaknesses, stocks that cannot be added and decentralized systems certainly make Bitcoin is future money.

[abralzain17]

This is why crypto is the best. I mean it is neither "money" as we know, but not just an asset. It is both good for spending money in a regular way, like fiat, you can use crypto to buy stuff.

I don't think it's right if you say Crypto is the best store of value, the problem is that crypto is fluctuating and uncertain with the value it gets. with irregular or abnormal market conditions will make the value of one's assets decrease, because in my opinion it is not feasible if crypto is mentioned as a store of value.

[dothebeats]

Use money as a means of trading but never as a store of value. It is one of the easiest asset to be hit by rapid changes and fluctuations in the world market. I wouldn't really rely on it to store the value of my assets. Instead, I'd use that money to buy some other valuable asset that will help me maintain what I have if not help get profit from it. Cryptocurrencies are a good start, and precious stones could be a great addition to the stash if keeping value is your main goal.

[KingsDen]

Use money as a means of trading but never as a store of value. It is one of the easiest asset to be hit by rapid changes and fluctuations in the world market. I wouldn't really rely on it to store the value of my assets. Instead, I'd use that money to buy some other valuable asset that will help me maintain what I have if not help get profit from it. Cryptocurrencies are a good start, and precious stones could be a great addition to the stash if keeping value is your main goal.

Money can be used as a store of value because it is durable and acceptable for a very long period of time. I hardly see where a fiat stopped to exist because of change of government or something of that nature.
What we will complain about is depreciation in the value or purchasing power of the fiat which is one of the cons of fiat.
On the other hand, cryptocurrency has its own cons which is volatility.
Maybe we could say that the perfect means to store value is gold.

[fuer44]

Before there was money, in ancient times they still used the barter system, whatever the barter was, it depended on the agreement of both parties. But the barter system cann't be declared a store of value, because it has no future value and only has value in the past. So that currency emerged as a tools of payment, a store of value, and as a medium for pricing an item.

What you are elaborating on, is a trade by barter, and during ancient time they used trade by barter for exchange of goods and services,  that doesn't mean that what they exchange at that point is a store of value, what they actually do is to exchange to what they needed at point in time.
When you said a store of value, the things which I believe that falls in between that should be future things that in fifty years coming it will still be valuable, and such things may classifies as crude oil and Gold. The two things mentioned above is what we can see as store of value  because the value doesn't depreciate even though it get it's been reframe,  the aspect of money, it get loss of value, it depreciated when it get stock for long periods, either they will be inflation or they will be change currency, so if you stock money physically not in bank and redesign of such currency happens, its obvious that you have lost the currency and it become valueless. So in summary store of value from my observation is crude oil and gold.

That's right, i also thought so. Because if we think again, money is very at risk of inflation and when that happens and makes it lose value, it can't be said to be a store of value. Crude oil and gold really fall into this category, but if the main discussion is the store of value from "transaction tools" from time to time, I think crude oil and gold are too large-scale. If we talk in the scope of society, then money is the main means of transaction other than barter by exchanging foodstuffs or goods that each wants. I hope you know what I mean.

[woez]

 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.

Indeed, stores of value are an important component of any financial system. This allows individuals to transfer their purchasing power from the present to the future, without worrying about losing the value of their wealth. Money, being a widely accepted medium of exchange, functions as a store of value. However, assets such as gold and silver, have also historically been used as a store of value due to their scarcity and durability.

The concept of store of value is closely related to financial markets, as investors are constantly looking for ways to preserve their wealth and protect their investments from inflation and other economic risks. Store value is an important consideration when making investment decisions, because the ability to store wealth over time can have a significant impact on an investor's return.

[KingsDen]

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.

You are deeply mistaken in asserting that money is a store of value. Money has always been just a medium of exchange. The use of money as a store of value has always been impossible due to inflation, which constantly reduces the purchasing power of money.

Gold and silver are now a store of wealth. Profitability is not high, but at least it allows you to freeze money, preventing inflation from depreciating.

A completely different alignment with bitcoin, which can be used both as money and as a store of value. Unique property to combine this.

We ate going to deep or spiritual lol in this matter.
I am surprised that everyone has made u-turn to say that money is not a store of value. While this is exactly what we learnt in elementary economics that one of the characteristics of money is that it is a tore of value.

If money is not a store of values why do we save with it. In order to recognise money as a store of value doesn't mean that money needs to hold the value to 100yrs. Even gold may not be a store of value in the next few decades.  So, money is a store of value in as much as it transfers purchasing power to the future.

[LastKiss]

~snip~
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.

Good luck with your money, personally I will choose gold over fiat as the best option. Unlike fiat which will be under the pressure of inflation, gold will protect our money from inflation in long term that's why when there are many negative about a country like a war, bank collapse, etc. people will tend to move their fiat money to gold or other instruments.

[Aanuoluwatofunmi]

but what goes further about money, is that the value of money will continue to decrease every year because the government and banks will continue to print money as they please, so that's why there will continue to be inflation, deflation may occur but the ratio is very small.

This is one of the greatest advantages of bitcoin over fiat in terms of limited supply, maybe they could discover this as a major reason to why the market economy always run on inflation because there's no limit to the particular supply of fiat currency, so if you think you're having fiat as a store of value then one is deceiving himself because it will drop in value and depreciate over time, that is why the new technology with digital currency in crypto makes it more convenient and profitable to use than fiat.

[superman184]

Good luck with your money, personally I will choose gold over fiat as the best option. Unlike fiat which will be under the pressure of inflation, gold will protect our money from inflation in long term that's why when there are many negative about a country like a war, bank collapse, etc. people will tend to move their fiat money to gold or other instruments.

There is nothing wrong if you choose to save gold instead of Fiat for the several reasons you mentioned, but you should also know that the price of gold also has the potential to fall at any time, even if only in a very small size. I also like to store gold instead of fiat, but I also like to store other assets like land and Bitcoin because those two things are also good enough to keep the value of the money we have.

Even though Bitcoin sometimes drops in price, when Bitcoin becomes harder to find, the price will also increase rapidly. Apart from that, you still have to use bank services for the rest of your life even though you won't be saving more money in it and one more thing I think it would be better to also save some important assets rather than just keeping one of them for now.

[gaston castano]

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.