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Money isn't for investment - it's for trade. A currency's long-term value isn't really important.
by tormeh 10y ago
Money isn't for investment - it's for trade. A currency's long-term value isn't really important.
- seanmcdirmid 10y agoTruth, which is why holding the RMB to me was virtually pointless. I should have converted to USD and invested, but at the time investments were doing poorly while the RMB appreciated, so my procrastination saved me money. Can't count on that in the long term.
- AnimalMuppet 10y agoMoney is used for three things - transactions, store of value, and unit of account. For store of value, the long term (or at least medium term) value is quite important.
- CyberDildonics 10y agoIt was for the first few thousand years of documented history.
- tormeh 10y agoI think that's more gold and silver.