If I were a Renaissance aristocrat, maybe, who needed a portable
store of wealth that could be hidden from predatory kings and marauding mobs.
8220;The Victoria Cross still remains the apogee for the medal collector, military history enthusiast and increasingly, the investor in search of rare, tangible assets as a
store of wealth.
Gold has long been used as money and as a
store of wealth, but what's the source of its value?
Martin Ellis, housing economist at Halifax, says: "For most people, money held in bricks and mortar is a
store of wealth.
Gold has been used for thousands of years as a
store of wealth for governments, central banks and individual investors alike.
With the global econ-omic recovery still burdened by high and rising debt levels in Western economies, as well as the renewed threat of recession driving down the US dollar and equities, the outlook for gold as a liquid, reliable asset class and as a
store of wealth remains highly favourable," Aram Shishmanian, CEO of the World Gold Council, said in a statement.
With the global economic recovery still burdened by high and rising debt levels in western economies, as well as the renewed threat of recession driving down the US dollar and equities, the outlook for gold as a liquid, reliable asset class and as a
store of wealth remains highly favourable," said Aram Shishmanian, the chief executive of the World Gold Council.
Aa Sarasin still sees the attractions of gold as an independent
store of wealth.
The quality of money is, consequently, defined as the capacity of money, as perceived by actors, to fulfill its main functions, namely to serve as a medium of exchange, as a
store of wealth, and as an accounting unit.
UK housing is a major
store of wealth for the nation and house prices still look overinflated relative to earnings.
Despite being scarcer than gold, diamonds attract significantly less investment interest - even though they are an extremely compact
store of wealth.
The gold price in sterling, in contrast, has risen four-fold and more, as money's competitive edge as a
store of wealth has been steadily eroded.
