Monetary Policy and Standards Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Monetary Policy and Standards

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: goldsheet who wrote (8)	8/22/1999 3:35:00 PM
From: Hawkmoon	Read Replies (3) of 29

Store of value (don't have dictionary definition) - ability to retain value over time. Perishable goods (food, grain, livestock, etc..) would not be good as money. Well, this is where folks can disagree about definitions.... :0) For example... many people buy homes because traditionally they have proven to appreciate in value, thus providing a storehouse of value "SOV" (as well as a place to live). But a home is not money. As you stated, it is one of those assets not readily divisible enough to be classified as money. This is why I personally draw a distinction between SOVs and money. A true SOV is anything which will see continued and constant demand and remain in limited supply. The actual money value is nothing more than a reflection of buyer/seller accord, both in quantity of money, and in type. At least in my opinion. I don't really believe there is a right or wrong definition. Just the one that best reflects economic realities. And you're quite right on Armstrong's site. Very nicely written short-course on monetary history. Thanks for posting that for everyone. Regards, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next