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The only "bulwark of stability" is cold, hard cash. The US government may not default, but that does not mean you will not lose money. If you bought US bonds at
by jazzyk 11y ago
The only "bulwark of stability" is cold, hard cash. The US government may not default, but that does not mean you will not lose money. If you bought US bonds at a high price/low yield (like right now :-)) chances are you won;t be able to sell before maturity because the price will go down, and if you hold them to maturity, the inflation will eat the measly return US bonds offer right now.