The Difference Between Money and Currency simply explained part 1

The real difference between money and currency. Simply and easily explained. Most people think they have money in the bank. They have currency. Money is a store of value that also has intrinsic value even if it were not used as money. Silver is ONE such thing. Currency does not have any intrinsic value of its own and is actually debt based which is why it is called fiat money. Fiat means fake. We are in a world where you must currently use fiat currency unless you barter - but MONEY will always grow in relation to fiat currency which will always go down in relation to real money. You can trade real MONEY for any fiat currency anywere in the world - yet you can not trade any fiat currency for real money anywhere in the world. This is why in every city all over the world there are shops that say "buy silver or gold for cash". They have the amount of currency to live in the world but they store their wealth in money such as silver and gold. That's as simple as I can explain it.

Comments

1. @OriginDestiny How does one get a troy ounce?
2. If someday people think that silver has no any use and it causes cancer. Your money will be virtually worthless
3. ok I get you but, one thing. The prices of gold and silver changes the same as currency. This way you can loose the same way as with the currency , am I right?
4. Very good you get a raisin for being so bright my boy!
5. You are so lost fool
6. You don't even know what money is made from ?? It's not paper dick . Cotton !! Wow
7. the real value of a thing maybe is the amount of energy it took to create it........ but in nature this does not exist.........back to nature.... where we are all from..... that's our real hidden power..... this so called advanced things are fast living shit. I am confidence mankind will find back to itself. Fuck money, economy, bosses and their slaves. We do not need this crap. And for the ones living in a city: get back to nature my brothers and sisters, cities are a part of the wrong game.
8. Hope the one who understands, Understand !!
9. They way you deliver this information makes you sound super condescending
10. Gold is only money if other people accept it as money. Anything can be money the trick is getting others to accept it.. Gold doesn't function as money or currency, It is just a metal of limited use that people used to use as a store of value. The thing is, historically you are way better of with stocks and bonds as a store of wealth. Gold has little value, outside of a few specific industrial cases.
11. nothing has "intrinsic value" - that's an oxymoron.
    
    Value is attributed to things and ideas by conscious beings.
    
    Intrinsic means "in and of itself".
    
    Does a single gold nugget on Pluto have value?
    
    Did gold have value before life started on this planet?
    
    Now compare that with Specific Heat Capacity.
    
    SHC remains the same irrelevant of any conscious beings.
    
    SHC is intrinsic.
12. Actually, both of those are "Currency". One is hard, "Legal" currency, and the other is paper "Fiat" currency. Money is an IDEA and can't go up or down. Money is a representation of "Value". "Things" are not "Money". Pretty important distinction, wouldn't u say?
13. How do you turn the bill to coins
    
14. Mooooonnneeeyyy... Ugg like money
15. Brilliant. I love organic corn!