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Exact(7)
"The demise of gold as a monetary asset has been one of the keys to the demise of commodities as an inflation hedge," he said.
Gold is an August monetary asset but an undependable investment.
Convertible into no U.S. monetary asset except pocket change, it has no intrinsic value.
"Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today".
What alternative monetary asset the rich (and the almost-rich) should consider is another subject for another day.
Gold, which as a monetary asset has been trading inversely to the U.S. dollar, will decouple and begin trading independently of the dollar.
Similar(51)
Although monetary assets such as cash or accounts receivable are usually measured by their value, most other assets are measured at cost.
Even if increases in the assets and liabilities of uncontrolled intermediaries wholly offset enforced reductions in the supplies of controlled monetary assets, even if monetary expansion means equivalent contraction by uncontrolled intermediaries, monetary controls can still be effective.
Diplomatic assets are off limits — no one can grab the Argentine Embassy in Washington — and monetary assets can be kept with the Bank for International Settlements in Switzerland, which will not allow them to be seized.
As confirmation, consider this LA Times report on surging bank deposits; basically, people are holding monetary assets simply as a safe place to park their wealth, and the banks have no desire to put those funds to work.
In four sets of financial statements on file at T.I.B.C. — ostensibly prepared by four separate auditors for four separate businesses — four sentences began with the phrase "Monetary assets and liabilities Denominated in foreign currencies," with each sentence featuring the anomalous uppercase "D".
Related(19)
Monetary advantage
Monetary investment
Monetary estate
Monetary value
Monetary material
Monetary valuable
Monetary activism
Monetary prize
Monetary information
Monetary drive
Monetary lifeline
Monetary unit
Monetary expansion
Monetary effect
Monetary growth
Monetary compensation
Monetary policy
Monetary distraction
Monetary incentive
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com