Wednesday, December 26, 2007


Money at one time had two functions.

1. A store of value
2. A medium of exchange

for various reasons (one of which is to keep money invested in order to increase an economies' productive capacity as opposed to keeping it stuffed in a mattress where it produces nothing) money is no longer a store of value. The only way to maintain the value of your money is to invest it.

So at this point in time money is no longer a store of value. This may be good. This may be bad. However, it is what it is.

Invest accordingly.

Ron Paul.


Nick said...

Ok, so this one has been bugging me, what the hell is he talking about here? Does this have something to do with the gold standard stuff he loves so much?

M. Simon said...

Yeah. It is about the gold standard.

And the mention of Ron Paul was a kind of joke.