👎 So, it sounds like money is not a good store of value.

💧 Well… Inflation can erode the purchasing power of money over time, making it a less effective store of value in the long run. Money does provide *convenience*, *liquidity*, and *safety*, but folks say there are better ways to preserve wealth.

🦺 When people talk about «sound money,» they refer to a currency or a monetary system that is stable, reliable, and trustworthy. Stability means the value should remain relatively stable over time. Reliability means it can be easily exchangeable and widely accepted as a medium of exchange. And trustworthiness means a credible institution backs it––but what is considered a «credible institution» nowadays? 🤷‍♂️

🔁 Historically, gold and silver have been considered sound money due to their scarcity, durability, and intrinsic value. But the *desirability* of these precious metals and their functional value drive their intrinsic value.

✅ Money should ideally be sound money—a good store of value. If money does not retain its value over time, people may be less willing to save or invest.