store of value (redirected from Wealth, Store of)
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Related to Wealth, Store of: medium of exchange
, Unit of account
, Store of value
Store of Value
Anything with value
that may be stored and retrieved at a later date with the expectation that it will still have value. The most common store of value is money
, which generally will still be money after being buried underground for some number of years. Other stores of value include real estate
and precious metals
store of value see MONEY.
store of value an attribute of MONEY, enabling people to hold on to money to finance some future purchase of a product or asset without loss of PURCHASING POWER in the interim. More generally, any other ASSET that can be held and converted into money at the same price as its purchase price can serve as a store of value. In a period of INFLATION, however, the purchasing power of money itself will decline, undermining its function as a store of value and increasing the comparative attractiveness of real property assets the value of which rises with inflation.