Money Was A Powerful Invention

Money Is A Store Of Value

This is the most important characteristic, which money has and currency does not. The definition for a store of value is: “Ability to maintain purchasing power over a long period of time.” Therefore, the best example we have of money is Gold. Gold has had a 5,000 year track record of demonstrating “the ability to maintain purchasing power” so, to date, it is the best example of money that we have.
Later on, what we will begin to discover, is that Dollars, Pounds and Euros are not forms of sound money due to their collapse in purchasing power and the strong implications of this on your wealth. Or should I say, rapidly falling wealth.

Money Was A Powerful Invention
Thousands of years ago, before the invention of money, the means of exchange was barter. Barter is simply trading one good directly for another, for example livestock. Sheep, chickens and pigs would have been traded for someone else's fish or silk. This provided stability in trade and fair exchange rates were found. Barter works well to a certain extent however inefficiencies quickly became clear.

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