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!
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