Death demanded ceremony which included donations of cloth to the poor, even the cere cloth used to wrap the body. A stipulated length of woolen cloth had to be used for this as part of a price support model in England for centuries.
Clothes in the v&a collection show complex woven patterns and colours. Alum trading is used as a background for Dorothy Dunnets historical fiction because of its importance in medieval die work.
https://acoup.blog/ has done a piece on the labour effort to make cloth in pre industrial times. It's huge. You'd keep the accumulated labour investment in cloth as long as possible.
It was a store of value, indeed.-