Portfolio Management (+)

Money serves two basic missions, one concerns its function as a medium of exchange, and the second, its ability to store wealth over time. For some individuals, money is cash, as you can easily spend it anywhere. For others, money is gold, as gold never loses value over time.

In 1912, J.P. Morgan stated before the US Congress, “Gold is money. Everything else is credit.”

In this context, we investigate whether different classes of financial assets can be considered money, by emphasizing their ability to preserve value over time.

Read more: Investigating Money -Comparing Cash to T-Bills, Gold, and Bitcoin