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 ...
You could buy ziploc bags - big freezer sizes - and cover the upper branches of your trees to collect the evaporation into a smaller bag, attached by a fishhook. Give the gallon-sized bags a quick rinse in bleachwater to innoculate them.
I think you can harvest a gallon per day of water from the larger trees.
Best investment I have made in 15 years.
You use it and it appreciates 3 fold.
The bottom falls out and you can go get dinner.
That’s brilliant. Thanks for sharing.
I know this s__t backwards and forwards. In a hyper inflation silver will get monetized and do great. So will gold but less so.
In a hyper inflation the silver to gold ratio will go down to 15-1 or closer. Right now the US Dollar is super good so this ratio is pathetic at 65-1 or so
Silver will suck in a serious deflation. Gold will also go down but will be more solid than many other investments. Gold will almost be good as cash. But cash as in green crispy FR notes will do best. When the ATMs and CC cards implode our lo-information populace will be honoring FR notes and coinage
Obviously these billionaires know nothing about the economy which is booming like dynamite... or something
There's only 403 billionaires in the US.
403 x 600 million equals 241.8 billion.
What is that? 2 weeks of the federal budget.
We can only do so much I’m afraid. I try to be reasonable about things and plan for the contingencies I can reasonably deal with. So it’s mostly cash with a few dozen silver rounds and a few ounces of Au in tenth ounce weights. The metal will always be worth something after all. LOL.
Best,
L
‘Cash is King’ is an ancient term
This wealth envy drivel is for the birds. Everyone should live below their means and ‘hoard’ the excess for posterity.
money is usually pretty dirty
I think we are spending about 8 Billion per day, so maybe a month.
Lol! And the Stocks are going through the roof because the companies are so....like.....innovative.....and stuff......like.....expanding, and....everything.
Vampires or Werewolves?
Hoarders, wreckers and counter-revolutionaries must be ground into dust!!!!
They just waiting for a chance to buy something Obama can’t screw up. Given his refusal to recognize the constitutional limits on his authority and a propensity to screw up everything he touches, that means waiting until he’s out of office.
Are you suggesting that a good man leaves and inheritance for his children’s children... Why that would be Biblical.
Septic’s trickier... keeping human refuse out of the water table around you requires some engineering. An actual septic cement tank can be set on fire inside daily... burning and boiling the sludge to be aseptic. You can capture the heat updraft to sanitize various metal vessels.
Can’t believe I’m even thinking about this... but I think it’s time: They tried to fry us in the 08 financial collapse, Lord knows what next-level frying they have in mind.
No, the seller has the upper hand in that situation. You want it, you pay his price. Especially if he’s not a nice guy.
As I said, it’s good to have a lot of smaller bills on hand.
Why is leverage important to a Central Bank?
Got skills? Land? Crops? Critters? Water? Lots of ammo to hold onto the aforementioned? The ancient measures of wealth may come back into vogue.
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