AVL 0.00% 1.6¢ australian vanadium limited

"Gold is a store value" Any (real) good with a long shelf life...

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    "Gold is a store value"

    Any (real) good with a long shelf life and high value to weight and/or volume ratio is used as a store of value and as an intermediate in trade - hence the use of not just gold but also silver, copper and other precious metals as "stores" of wealth, and the label "money" for such real goods.

    At US$400/kg for Va and US$500/kg for Ag vanadium (please don't complain about these figures!) might appear a candidate as money, but it seems too attractive as an alloying agent for it to take on this role.

    Strictly speaking money is not wealth but is a means of controlling or mediating wealth, but all such real goods also have utility which establishes their value not just as an intermediate in trade - for example gold has important industrial uses.

    Down with fiat!
 
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