Store of Value

Definition of Store of Value

The definition of store of value can be interpreted as the function of an asset by which the asset can be saved, exchange or retrieved for later estimated usage while retrieved at a later time. The most common form of store of value is considered as money, currency or commodity like financial capital and gold.

In other words, value of the store is the mode of asset or money and commodity that has value, in the way those can be retrieved or stored over a period of time. In the economic system, store of value possesses a basic position where the some medium is necessary for a store of value in order to involve individual in the transaction of goods and services because it allows trade to occur with items that have inherent value.

Books on Store of Value

Book 1:

Economics: Private and Public Choice By David Macpherson (published by Cengage Learning, 2012)

Book 2:

Gold as a Store of Value By Stephen Harmston, World Gold Council (published by World Gold Council, 1998)

How Store of Value works?

• It is seen that what should be considered as a store of value can be differed from one region of the world to another. So as the standard, any form of physical asset can be taken into account as store of value with the condition of right circumstances.

• An example of store of value is currency with a person can purchase goods or services if the currency value becomes unstable or come under attack, (such as hyperinflation) then the consumer can shift to an alternative store of value such as gold or silver, precious stones or real estate. Particularly, the price of gold will touch sky high at the time of national peril, or when a financial occurs in the broad markets, as a result, the demand of other store of value grows high.

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