http://mises.org/Community/blogs/torsten/archive/tags/fiat-money/default.aspxTags: fiat-moneyenCommunityServer 2008.5 SP2 (Build: 40407.4157)http://mises.org/Community/blogs/torsten/archive/2008/09/17/means-of-storing-value.aspxTue, 16 Sep 2008 23:43:00 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:52018Torsten0http://mises.org/Community/blogs/torsten/rsscomments.aspx?PostID=52018http://mises.org/Community/blogs/torsten/archive/2008/09/17/means-of-storing-value.aspx#comments<p>Some&nbsp;say <a href="http://www.commoditytrading.co.za">rough diamonds</a> are storing the highest value&nbsp;on the smallest space, but could they function as currency?&nbsp;</p> <p>There is a debate about what currency to use. Most Austrians would favour a gold based money and oppose fiat money(money created on the books only).&nbsp; They argue that this will finally lead to a devaluation of currency. But what is the best means of storing value meaning purchasing power? </p> <p>Are there any&nbsp;other opinions on this?</p><div style="clear:both;"></div><img src="http://mises.org/Community/aggbug.aspx?PostID=52018" width="1" height="1">commoditiesvaluecurrencydiamondspurchasing powerfiat-money