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marlon_facey@hotmail.com
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Understanding money and prices - Alasdair Macleod - Finance and Eco.

Dear Alasdair.

Can you clarify what the difference is between "the preference for holding cash" and "the preference for holding goods".
What is the concept of consumers "holding goods". This is a surly misnomer since consumers "consumer goods" they do not "store/hold onto" them, well not in the long term.

Commented 2487 days ago

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Beginning of the headline :This article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is the sound money chosen by markets throughout history, will retain or increase its purchasing power measured in the goods it buys over the coming years.Very few people have a full understanding of the relationship between money and goods. This is the relationship that sets prices. Yet, without that understanding, central banks will almost certainly fail i... Read More

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