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<p>[QUOTE=&quot;medoraman, post: 3718889, member: 26302&quot;]Antony&#039;s coins circulated because they were debased. Check the hoard records, they were never hoarded until after Nero&#039;s debasement at the earliest, and most were hoarded after further debasements, which is why they are all so worn.</p><p><br /></p><p>We both could go on and on debating this, (and I will if you like), but the POINT was &quot;store of value&quot; for money never meant generational really. The idea was that you were a chicken farmer, but needed to buy an ox. Its very hard to &quot;store up&quot; enough chickens, and then find someone with an ox who wanted 500 chickens to trade. By having money, you could sell each chicken to someone who wanted a chicken, saving up enough money after 500 sales, to buy an ox. That is what a &quot;store of value&quot; for money entails, not what many &quot;hard money&quot; people here believes it means. They believe your money in 1780 should buy the same amount of goods in 1880 of 2019. Sadly, THAT is not true either. Because of the US gold rush, your 1780 gold devalued by 1880, but now those massive finds have dissipated, (as a percentage of world GDP), it is true today. In the future it may or may not be true, depending more on the gold commodity market than the USD. See how this works? The USD is the MONEY, the gold is the COMMODITY, worth relatively more or less in adjusted USD terms due to commodity factors, just like sugar, coffee, or pork bellies. </p><p><br /></p><p>The main reason the USD depreciates it because we WANT it to. Being a primarily consumer based economy, human psychology works better if everything is a little more expensive tomorrow. This encourages purchasing, which leads to more wealth overall. We also benefit by others being able to be rewarded for saving with interest, (which is why I am bewildered by the last 10 years and what the Central Bankers are doing). Look at Japan from 1995-2015 to see how well negative interest works with consumer economies.[/QUOTE]</p><p><br /></p>

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