The true value of money is apprehended through time. So value money with time. Money can be invested and earn interest over time, giving it potential earning power. Also, money is subject to inflation, eating away at the spending power of the currency over time, making it worth less in the future. Finally, there is always the risk of not actually receiving the dollar in the future - if you hold the dollar now, there is no risk of this happening.
It's hard to say since dollar, for example, is not backed up by gold any more. Some other currencies stll have "golden"reserve behind them ( in China for example, as I read the other day, in Russia, Japan). The problem may escalate as a big one as all the world trade is based on dollar and everybody knows that the USA is in a great debt. Those who tried to
install a new currency, especially petro-dollar, have already been punished ( Hussein, Gadafi). If dollar collapses, it will be, at least
When deciding for your business what flight to take, what car to buy, what person to hire, or when to make an investment, you involve money in your decision. You need to consider the true value of money in your decision making.
True value of money is ZERO, because it is covered by value of nothing. World economy is running on debt and lending money, if it stops, the world economy will collapse.
Comments (8)
Abdou Sani Boukari
16
Consultant
The true value of money is apprehended through time. So value money with time. Money can be invested and earn interest over time, giving it potential earning power. Also, money is subject to inflation, eating away at the spending power of the currency over time, making it worth less in the future. Finally, there is always the risk of not actually receiving the dollar in the future - if you hold the dollar now, there is no risk of this happening.
Brenda W.
12
Life Learner
The true value of money is for you to HAVE the money and NOT for the money to HAVE you. Be wise and considerate.
Ljerka S.
8
Teacher
It's hard to say since dollar, for example, is not backed up by gold any more. Some other currencies stll have "golden"reserve behind them ( in China for example, as I read the other day, in Russia, Japan). The problem may escalate as a big one as all the world trade is based on dollar and everybody knows that the USA is in a great debt. Those who tried to
install a new currency, especially petro-dollar, have already been punished ( Hussein, Gadafi). If dollar collapses, it will be, at least
Steven A. Donaldson
20
Native speaking English teacher
Radek is spot on and money today is colorful paper and no more
Maiyet M.
11
Marketer
When deciding for your business what flight to take, what car to buy, what person to hire, or when to make an investment, you involve money in your decision. You need to consider the true value of money in your decision making.
Radek Vyskovsky
15
Social Media
True value of money is ZERO, because it is covered by value of nothing. World economy is running on debt and lending money, if it stops, the world economy will collapse.