/biz/ - Business & Finance

>>	Anonymous Fri Jan 6 13:24:29 2023 No.53157251 [View] File: 101 KB, 544x966, what-is-money.jpg [View same] [iqdb] [saucenao] [google] >>53157214 >regarding gold being money

Anonymous Sun Jun 19 07:37:35 2022 No.49810285 [View]
File: 101 KB, 544x966, what-is-money.jpg [View same] [iqdb] [saucenao] [google]

>>49805002
Because "money" has a strict definition.
The USD is currency.
Physical gold and silver are money.
Money = currency + store of value.
The USD does not store value because it lost at least 95% of its purchasing power in 100 years, while precious metals still have the same value as they did 100 years ago.
This guy explains it.
https://www.youtube.com/watch?v=DyV0OfU3-FU&list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc&index=1

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/biz/ - Business & Finance

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