2 ms·
This exactly - you simply borrow against it at a very low rate.
by blunte 9y ago
This exactly - you simply borrow against it at a very low rate.
- njarboe 9y agoThis works since 2009, but historically interest rates are not zero. It will be interesting to see how things turn out in the future when most of the richest people in the world have huge US dollar loans at low rates borrowed from pension funds and banks backed by hard assets. These people would benefit greatly if there is high inflation/hyperinflation. I don't really know, but I would guess in the recent past the super rich held a lot of US bonds and other dollar denominated assets that would loose value with inflation.