money deposited in an account with an institution in the expectation that, due to the choice of the bank and/or the preference for a particular currency, the amount will be as immune as possible from losses of any kind – besides loss of purchasing power, also expropriation. – The conversion of money into an object that is protected – from loss of value, – onerous taxes on the investment object that are tantamount to partial expropriation (confiscatory taxation: taxes are levied permanently at fixed or even increasing rate, irrespective of income conditions of the taxable person, as the property tax on real estate) – confiscation, – nationalization and similar interventions by third parties. As financial history teaches – and in sharp contrast to a lot of wiseacres academic explanations and treatments, and also in contrast to interest-led proposals of banks and insurance companies – gold in private disposal is the only investment suitable as a safe investment in this sense, also because of its intrinsic value: gold encloses a material value in itself, in its substance. – See investment risk, diversification, contingent loss, financial investment, haven, safe, inflation protection, investment, capital investment, distressed investment, performance,
Material asset, asset investment, tenfold, polygon, magic
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/