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#4211·Dennis Hackethal, 4 days agoWhat asset you measure in and what asset you trade for don't necessarily need to be related.
What are some cases where they wouldn’t be related?
I don’t see how one could determine a good time to sell an asset without knowing what it’s worth in one’s target asset.
Let’s say you wanted to know if your house was gaining or losing value over time. You can do a calculation using historical gold price records to see how many gold ounces the house cost you (opportunity cost), and how many gold ounces the house is worth now.
This doesn’t mean that if you eventually go to sell it you will only accept gold ounces. You might be happy with dollars because you plan to use the dollars to buy another house.
The point is that you are thinking about the value of things in units of gold, rather than units of dollars.