"It has historic value, it has symbolic value, and it has financial value, " he said.
In due course, however, all this activity degenerates into inflation, destroying the monetary system because the money rapidly loses it value.
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It is obvious that it has value: it is beautiful, portable, enduring, malleable, divisible and scarce.
So, as it discovers value, it changes its mind about the price.
We're familiar with it, we value it, and we know a tremendous amount about it.
Value comes from those using it and when those using it mutually assign no value, it disappears, becoming a quaint linguistic oddity or a neglected modifier.
It s not so much that the fundamental index bought value as that it swung between value and growth, leaning toward value when value was out of favor and toward growth when growth was out of favor.
In fact, for those who embrace it as a value, it is a powerful force for business success.
Delta has not earned economic profits since 2008, and until it shows it can create shareholder value it is a risky buy.
Getting someone to focus on your product or service, understand it, see value in it and purchase it sometimes seems like a miracle.
If you believe your personal destiny is to reach the Forbes 400 Richest People list, but that your business is not capable of getting you there, then sell it for the highest value it can fetch and start or buy a business that has a real shot at big growth.
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This is very powerful because it gives value to people who really deliver and engage, the ones who make it happen.
The company makes money from sponsors, mainly video game companies, who, it says value its targeted community and the relatively high advertisement click-through rates it sees.
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"It drives value to the current generation of Blackberry devices and RIM may introduce video when it launches the next system, " Graeme Neill, deputy editor of Mobile Today magazine.
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You have a good case for hanging onto a third home as an investment if it appreciates in value over the years, but it might be tougher to make this claim if its market value declines.
The paradigm goes: invent a new product based on a new technology that creates new value for customers, price it high to capture the value, market it aggressively, and make lots of money.
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This means auctioning it off, all of it, to those who value it most highly.
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This is half the problem with the way we calculate GDP: government spending counts at what it costs, not what value it produces.
The stockmarket thinks as much: it has lowered spectacularly the value it places on the subsidiaries in question relative to the parent company (see chart).
The Slingbox 350 features 1080p, HD-quality streaming on compatible devices, making it a value leader.
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Restaurant.com has been around for over a decade because it creates value for restaurants and consumers.
When too much money is printed, it loses value, and inflation is the result.
One of the chronic complaints about gold is that it has value, but produces no value.
It would value Apple by projecting its cashflows and discounting them by its cost of capital.
Operation Blessing, for example, said last year it would value at zero donated deworming medicine.
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If this deal leads to Vodafone acquiring both Vivendi and Mannesmann, Mr Gent will probably judge it good value.
As a hand moves closer to it, that value will dip until it reaches 0 (or, on my phone, 4).
"It's a different sort of sponsorship within football, and I think it represents value given the breadth of coverage, " Masters said.
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