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…except people don't keep fiat currency underneath mattresses. They invest it, and better their economy for doing so. So your old coin isn't competing against
by colanderman 10y ago
…except people don't keep fiat currency underneath mattresses. They invest it, and better their economy for doing so.
So your old coin isn't competing against some ratty old dollar bill, it's competing against the real value of my index fund shares.
Which, by the way, are winning: http://ritholtz.com/wp-content/uploads/2013/04/fda.jpg http://ritholtz.com/wp-content/uploads/2013/04/fda.jpg
- icantdrive55 10y agoKeep an eye on your Index fund (real value) when the free money stops. Sorry guys, I think we are in for some rough times ahead. There's got to be a price to pay? The people, I see getting loans, are practically gambling with the money. But what do I know? I'm a nobody. I did read that jobs report the other day. What jumped out was the amount of people who just stopped looking for work.
- chillwaves 10y agoJust wait until he pulls that silver dollar out of his pocket. Then you will see.