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To: george76

“Debased money” is only a problem if you keep your savings as money (cash). If you instead keep your savings as a balanced portfolio of various assets (stocks, RE, gold, etc. and some emergency cash) you don’t have to worry about “debased money”.

There is no such thing as a stable currency, even gold. In the 1500’s Spain had runaway inflation though they had gold currency because of all the gold that they stole from the Americas.

http://www.sjsu.edu/faculty/watkins/spgold.htm

Anyone who keeps their savings in a single asset class is asking for trouble.


16 posted on 07/21/2015 11:38:28 PM PDT by aquila48
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To: aquila48

By analogy, suppose we discover an asteroid containing significant quantities of silver or gold.


19 posted on 07/22/2015 1:14:33 AM PDT by oblomov
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