Cash is King, Baby. Always has been, always will be. :)
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Negative , in a high inflation environment cash is trash ,, much better to have assetts.
I believe we have been in a high inflation environment for the last few years , the gov’t stats don’t match my personal experiences AT ALL , the intentional inflating of the money supply and lowering of rates makes cash a bad thing ... not wealth mind you ,,, but cash itself ,,, buy something that will ride out inflation and wait for the right time ...
I have always wondered why energy costs aren’t calculated in inflation numbers.
“Negative , in a high inflation environment cash is trash ,, much better to have assets.”
Nope. If the economy completely tanks...who’s going to pay you for your “assets?” What will they use for money? Buttons? Unless you’re considering gold and silver “assets” then you don’t have squat. Who could buy your home? Who could buy your boat or truck, mink coat or diamond ring? Who could buy your land when no one, not even the banks, have any ching?
I’d rather have a silver dollar in my pocket to buy a loaf of bread...or to buy a McMansion out from under a local Yuppie if need be. *SMIRK* ;)
Don’t worry about me. I know what I’m doing. ;)