Dollar is not real money

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Avatar for Rudne11
4 years ago

Money is very important it helps us run our life, it facilitate trade it helps get what we want, that is why we work really hard to earn it. But did you know that our fiat currency like a dollar in your pocket is not really money? It is just a piece of paper without intrinsic value. Government can print unlimited amount of currency out of thin air!

Many people believed that currency and money are the same thing where infact they are not, well, maybe because money and currency have almost the same function and properties, like, medium of exchange, unit of account, portable, and divisible. However, the major difference between them that many are not aware of is, the store of value.

Dollar can never be a good store of value because dollar like any other currency can go to zero! Just look what happen to Zimbabwe curreny, the German mark, and to the Vanezuelan Bolivar? They all go to zero! And dollar could have the same fate coz as what I have said currency has no intrinsic value.

The true money that can be used as a store of value is gold. Dollor loses its worth over time but not gold. Gold soar its value against dollar and other currency. So saving real money which is gold is is better than saving dollar.

Thanks for reading! Have a nice day!

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4 years ago

Comments

It's very new information to me I have no idea about dollar sir I appreciate that and I am very helpful to read this article

$ 0.00
4 years ago

I agree gold is the real money, inflation will eat away the value of our savings, our hard earned dollor, but gold will not be affected by economic crisis, and infact many people are buying gold when there are upcomming market crush. I think i need to start saving gold now :)

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4 years ago

Saving gold is a better way , but it is hard to exchange and almost impossible to buy anything with gold . I prefer liquid cash which is money .

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4 years ago

But liquid cash have always work better than the gold

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4 years ago

However every goverment dont just print out money in their own currency without basis, it should be inline with the growth of a country's economy. So once the economy of that country goes down the value of its currency like Dollar and Peso will also go down. Thats what I know about the currencies. But bcoz of the sudden growth of crypto market,maybe in the nearest future we will be using digital money instead of paper money. Who knows,few years from now the era or paper money will be put to an end.

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4 years ago

You are correct. Cryptocurrency is equally good as a store of value.

$ 0.00
4 years ago

Yup, especially bitcoin, it is called the digital gold

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4 years ago

It is true. BTC is the digital gold

$ 0.00
4 years ago

😦😦😦

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4 years ago

Thanks for sharing.

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4 years ago

Good said

$ 0.00
4 years ago

Then what is it?

$ 0.00
4 years ago

Gold and silver

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4 years ago