RE: What Is Financial Value?

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What Is Financial Value?

in economics •  7 years ago 

Currencies have a perceptive value. No tangible meaning. If the government suddenly want to overturn a currency you lose. Gold, silver etc have tangible real value. The government can ban every currency but always your gold and jewels will have value. Like in Cyprus where the banks took most of peoples money from the banks. Just like that you lose your money and they gave crappy shares in the bank of Cyprus which are even more crappy. But those who had tangible assets wouldn’t have been affected. It’s a shame that the world is ran on perceptive value of paper and polymer.

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What about executive order 6102? The tangible “real” value of precious metals is still subjective, IMO. It has a really good historical correlation with what people perceive is valuable and are willing to exchange for, but I think people will continue to value cryptocurrencies more becuase then can be used online and there’s is no third-party custodial risk for storage or when traveling between countries.