Another reason is Chinese upper middle class use real estate as a store of value.
The rich buy apartments and often leave them empty, treating them as a store of value.
Universally recognized as a store of value, gold can be bought and sold in any country.
Gold is indeed attractive to people as a store of value when political or economic tragedy strikes.
As the market shows, buyers of American bonds do not consider the currency a failed store of value.
Those who doubt the continued worth of paper money as a store of value point to two things.
At best, gold will become a currency given its stable store of value.
Gold is supposed to act as a store of value during inflationary times.
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Diamonds would merely have held their own as a store of value.
What's to stop the phone company from offering that expatriate maid a selection of currencies as the store of value?
What sane Russian would take rubles for a nice car when he could take a more credible store of value?
Gold is generally a benefactor of this flight to riskier assets as many investors see it as a store of value.
In time, a globally traded yuan could emerge as a store of value on par with the dollar, euro and yen.
This year, fears of inflation have driven many Chinese investors to include gold in their portfolios as a store of value.
It would take years for the SDR to be widely accepted as a means of exchange and a store of value.
Though the price still fluctuates against the dollar, it is less volatile than it was, which makes it a better store of value.
In this context, society can be defined as those mutual users willing to agree to a medium of exchange and a store of value.
Then, as long as it is producing more than it consumes, it can convert the surplus into a store of value for future needs.
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In its function as a medium of exchange, medium of payment and store of value, gold is thus, in a sense, a timeless classic.
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Long-term averages make gold look like a safe store of value.
They point out that the euro is still untried, and that markets will need time before they trust it as a stable store of value.
Does history teach that a token-based currency works only if it is anchored to some unambiguous real store of value that a government cannot inflate away?
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Over the past two decades gold has been a lousy store of value, failing to keep pace with inflation, and it has massively underperformed equities and bonds.
This should increase liquidity as the ECB throws money at the problem, and liquidity favors gold, as it is used by many as a store of value.
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The country could also take advantage of the world's disillusion with the dollar to promote the yuan as an international store of value and medium of exchange.
Many wealthy Chinese buy property as a store of value.
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