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<p>[QUOTE=&quot;medoraman, post: 1050353, member: 26302&quot;]I agree with both Cloud and Texas John to different degrees. Money has to be a store of value but not an optimal one. If I have $100 in bills, yes it is a store of value versus what I sold to get them. I can turn around and buy something else this week or a year from now. So they are still a store of value, just not an optimal one for multi years. What I think of a better way to view this disagreement is that &quot;money&quot; does not really mean FRN&#039;s anymore, but something like a CD or a bond. This is the real store of value nowadays, the one in which people place cash to maintain its spending value. The comparison of a dollar losing 96% of its value since 1933 is simply not true if that cash was placed in a bond. If you put a dollar in 1933 averaging 6.5% return you would have the equivalent of a dollar today.</p><p><br /></p><p>This works fairly well except for the government taxing &quot;gains&quot; made with interest when in reality it is simply inflation that they are taxing. This is the real travesty, government inciting inflation and then taxing your returns you make to simply keep up with inflation.[/QUOTE]</p><p><br /></p>

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