Money is:

1.) A medium of exchange

2.) A store of value (meaning the value remains consistent in relation to a consistent or commensurate supply of goods and services)

3.) To be a store, it must be limited in supply

4.) Difficult to obtain (requires work)

5.) Divisible ( i.e. pennies, nickles, dimes, quarters, halves, 1’s, 5’s, 10’s 20’s, 50’s, 100’s etc.)

6.) Universal recognition and acceptance.

7.) Durable so it cannot be easily destroyed.

8.) Is reliable and engenders confidence among those who use and exchange it.

9.) Is portable so you can carry it with you.

With the above list, be advised that historically, salt and sea shells have been used as money. Today, we have printed paper that is called money. There are those who want to make cryptocurrency money. Ask yourself if any of the aforementioned meet all of the criteria in numbers 1 – 9? Historically, whether ancient Rome, 100 years ago, or today, 1 oz. of gold has consistently been able to buy a good man’s suit.

Pensiamento Peligroso.