The acceptability worldwide of the fiat-dollar reserve system depended on the illusion that it was a good or adequate store of value. |
Over time money completely lost its role as a store of value, unit of account and medium of exchange. |
There is also strong demand for gold bars as a store of value. |
The economy overheated, and as inflation climbed, Indians rushed into gold, a popular store of value. |
The primary roles of money are to serve as a medium of exchange, a unit of account, and a store of value. |
No asset since gold in the 19th century enjoys such broad acceptance as both a medium of exchange and a store of value as the dollar. |