Charles Stevenson: Gold Value Above Money

Posted by admin on Wednesday, January 30, 2013

Charles Stevenson Money Quotation saying gold holds the value that money represents and isn’t affected by the minting of paper money. Charles Stevenson said:
 
Gold is a money that governments don’t print. It’s a way to hold value when there is nothing to invest in because it stores value the way money is supposed to Quote
 

“Gold is a money that governments don’t print. It’s a way to hold value when there is nothing to invest in because it stores value the way money is supposed to” — Charles Stevenson

 

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This quote is suggesting that gold has value as a store of wealth when traditional investments may not be worthwhile or reliable. It argues that gold functions similarly to how money is intended to work – as a stable store of value even during times of economic uncertainty or lack of good investment opportunities.

The quote implies that when governments print too much fiat currency, inflation can reduce the purchasing power of that money over time. However, gold maintains its value independently since it is a commodity that is scarce and has intrinsic value as a precious metal.

So according to the quote, gold serves as a type of “money” that retains purchasing power when other assets may not due to lack of stability in currency values or lack of trust in traditional investments.

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