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What happens to a store-of-value asset like gold or cash if you can't convince the next generation to trade another store-of-value-asset, hard asset, or labor f
by mistercheph 2y ago
What happens to a store-of-value asset like gold or cash if you can't convince the next generation to trade another store-of-value-asset, hard asset, or labor for it?
- dehrmann 2y agoWould you like to buy some tulips?
- Ekaros 2y agoI also have some stamps to sell. A real example of collectible that has fallen in value outside few very rare and perfect specimen.
- brazzy 2y agoThe funny thing is: tulip bulbs were actually a productive asset. You could plant the bulbs to create more of them.
- dehrmann 2y agoApparently they're also semi-edible. https://www.poison.org/articles/tulip-bulb-toxicity-191 https://www.poison.org/articles/tulip-bulb-toxicity-191
- stouset 2y agoThis is precisely why financially literate people hold on to the amount of cash necessary to buy and sell goods, keep some excess in an account that bears interest, and the bulk of the rest goes into productive assets.