Читать книгу Fundamentals of Financial Instruments - Sunil K. Parameswaran - Страница 26

Money also serves as a store of value, or as a reserve of future purchasing power. However, just because an item is a store of value, it need not necessarily mean that it is a good store of value. In the case of money, inflation (the erosion of its purchasing power) is a virtually constant feature.

For instance, take the case of a good that costs $2 per unit. Thus, if an investor has $10 with him, he can acquire five units. However, if he were to keep the money with him for a year, he may find that the price in the following year is $2.50 per unit and hence he can acquire only four units. This is a manifestation of inflation, which may be considered to be a silent killer of wealth.