During the early centuries of the world, kingdoms and lords have kept their treasures inside their safe. Gold was a powerful type of currency at that time and more common commodities strengthened smaller echelons of society. However, this old way of thinking regarding money does not work in a modern, capitalist money system.
Keeping your money “inside your vault” or “inside your socks”, for a humorous term, is not the right way to ensure the value of your money stays as it is. People need to invest the money they make to sustain or grow its value. The modern outlook of money is to ensure the value of your money remains as it is, or you could make them flourish.
This is why people must be financially educated with the modern trends in keeping the value of one’s money. Banks offer savings accounts worldwide that ensures the value of your money is retained despite currency devaluation and inflation on a daily basis, throwing back to the “gold vault” era.
Money can also grow when you invest them in businesses and startups. As gold still retains its value, companies and businesses becoming bigger and better investments as they continue to appreciate. Gold appreciates, but the acceleration rate of business valuation improves continuously as it performs well.
Money in the vault is not the best idea in the world anymore. Money in the bank, in companies, and in growing stocks, is the new world way of looking and working with money.