SE Nebraska, Near Misery and Cans Ass! | It is a way to transfer worth or value. It is in and of itself worth nothing, The commodities it can buy have value. It makes no difference what anyone says about the gold standard, gold represents value. It is worth what someone is willing to pay for it. Money is the means used to transfer ownership from one thing of value like land to something else of value like Corn or labor or food. The idea of negative interest rates is to reduce the holding of value or worth in something that has no real value or worth. At least that is what I gleaned from a 1970 finance class that I may or may not remember correctly and may or may not be right but is something to ponder.
As an example of this , SA farmers sometimes do not sell their products when you think they should because they have no immediate use for the value in them and their monies value is so uncertain that they don't want it so they hold something with real value, no pun intended.
Edited by nebfarmer 1/31/2016 05:59
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What is Money?
