Posted on 09/22/2014 4:15:05 PM PDT by SkyPilot
Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today's markets.
According to the new Billionaire Census from Wealth-X and UBS, the world's billionaires are holding an average of $600 million in cash each—greater than the gross domestic product of Dominica. That marks a jump of $60 million from a year ago and translates into billionaires' holding an average of 19 percent of their net worth in cash.
"This increased liquidity signals that many billionaires are keeping their money on the sidelines and waiting for the optimal moment to make further investments," the study said.
(Excerpt) Read more at cnbc.com ...
Re:Alibaba
“come with me, I will take you to a house of ill repute, where we will be killing you and robbing your pocket souls...”
Holy chit.
Seriously did anyone but into Alibaba?
All the market was a tizzy.
Small bills will attract far less attention than 50s or 100s would in our estimation. We are well over a couple of thousand put back now and each pack of 100 fits in a standard number 10 envelope. I suppose eventually we will have to convert some to 20s, maybe when we hit 40 envelopes. It’ll start to crowd out the weapons in the safe. LOL
The point is we have done something when a whole lot of other folks have done nothing.
L
You’re smart to save the smaller denomination bills.
I have a lot of $1’s and $5’s.
I don’t know how smart we are, but we do learn. If we need to we can always go to the bank and exchange them for larger denominations. But for now knowing there’s a nice pile of small bills put back is comforting. Just in case.
And if you must make an emergency purchase for a $4.00 item and give them a $20.00 and they don’t have change, you’re out $16.00.
I wish I had invested every dollar in fire arms.
Ahh Hindsight
Amen, it is only paper. The love of money is the root of all evil. Not money itself, and God knows we need things. But that paper won't save any of us, in this life, but especially in the next.
Re: having lots of smaller denominations - the question I ask is, during an emergency, how much does a bottle of water cost? The answer is, the smallest bill you have. So while saving stacks of $20s is worthwhile, it is also worthwhile to have some singles and fives around. I’d rather buy a $5 bottle of water than a $20 bottle.
Amen.
In the old Soviet Union, Communist China, and North Vietnam.... "Horsing" certain items was a crime punishable by prison, hard labor, or worse. Amazing what we have become.
Or as Bernadette Peters said in “The Jerk”.
“I don’t care about losing all the money, it’s losing all the stuff.”
I’d rather pump up water for 5 houses for $5 electric every 3 months.
“It’s our SHTF cash stash.”
You are solid in a deflationary crash. As much as I despise the Federal Reserve your under the mattress cash stash will be fine. Those who put FR notes in banks will get screwed
In a hyper inflation your cash gets worthless quickly.
$5 each every 3 months.
We have plenty of firearms. Ok I know you can never have too many, at least not until the floor joists start to sag. I put $$ into ammo and skill. I was buying that Lake City surplus green tip from Ammoman back when it was $199 per thousand delivered. Same thing with the 7.62 of both lengths and the .22LR.
Every time I went to Cabelas a brick or two of the .22 went into the cart. I look like a damned genius now! LOL. Only thing I wish I’d bought more of was that mil-surp 12 gauge buckshot when it was 2 bucks a box. Only have a few hundred of those. Oh well.
I have enough components to replenish all the brass we have, although primers are outrageously expensive anymore.
And I do wish I’d laid in 10 pounds or so of Reloader 12 when it was cheap. They don’t make it anymore and it’s my favorite powder for .308.
L
Also, the same logic (IMO anyway) applies to bullion.
Nothing ever plays out as we expect, but I figure 1 oz silver bars will be more practical in SHTF than 1 oz gold. If it becomes so bad we have to barter.
I've always wondered why Uncle Scrooge liked his money baths. Seems like it would be more painful than anything.
“In a hyper inflation your cash gets worthless quickly”
Silver won’t. Just saying. Nor will 1/10 ounce rounds of gold.
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