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Financial Friday: Fun Ways to Store Value
FF: Fun Ways to Store Value
After comparing the prices of eggs, housing, and gold from 50 years ago and today, we realized that some ways of preserving value are better than others. We talk about some of the characteristics of money and how inflation is causing fiat currencies to go down in value. If you can create more value than you consume, you can store that extra value in an asset that will hold its value, so that in the future, you will still have the same (or better) buying power. While we have talked about things like real estate, gold, and silver in the past, today we cover some…
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