#nugofknowledge | Hryzn
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The main functions of money:a medium of exchange, a unit of account and a store of value. (sometimes a standard of deferred payment. Keeping that in mind price one ounce of gold in 1920 (20.67 in USD) and compare it to just 100 years later (2064.40 in USD as of this morning) . You quickly realize what you hold is not money, but currency. Failure to distinguish the two is blindly stepping into your own personalized hamster wheel. <a class="mention_tag" href="/explore/nugofknowledge">#nugofknowledge</a>

#nugofknowledge

The main functions of money:a medium of exchange, a unit of account and a store of value. (sometimes a standard of deferred payment. Keeping that in mind price one ounce of gold in 1920 (20.67 in USD) and compare it to just 100 years later (2064.40 in USD as of this morning) . You quickly realize what you hold is not money, but currency. Failure to distinguish the two is blindly stepping into your own personalized hamster wheel. #nugofknowledge

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