"Perhaps it is one secret of their* power that, having studied the fluctuations of prices, they know that history is inflationary, and that money is the last thing a wise man will hoard."
*the Medici of Florence and the Fruggers of Augsburg to the Rothschilds of Paris and London and the Morgans of New York
Will Durant
I am no economist, but the charts say that the man's got a point.
Food, fuel, materials, houses ... company ownership. History, as Will Durant so artistically remarks in his "The Lessons From History", has consistently told us that money is just a currency and has just circumstantially been a store of value.
The Medici knew that, the Rotschild knew that, the Morgans knew that ... What is your excuse not to learn how to deploy your hard earned currency and convert it into appreciating and ideally dividend distributing assets?