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There are many differences between the two, but one of the more obvious ones is that nobody is running around claiming that US dollars are a good investment.
by paulgb 6y ago
There are many differences between the two, but one of the more obvious ones is that nobody is running around claiming that US dollars are a good investment.
- WrtCdEvrydy 6y agoI mean, the US does... every time the question of whether US bonds are worth it, the answer is always "sure, it's backed by the US government"
- selectodude 6y agoBonds are not dollars. Bonds have a positive return. Dollars, by design, have a negative return.
- IgorPartola 6y agoI lived in Ukraine during a period of like 1000% inflation period month. At the time USD was the value store or choice. You get paid on the 1st of the month and if you don’t turn that cash into USD, by the end of the month it became almost worthless. Nobody could pay with USD (except the bribes), but you wanted to minimize the time you held Ukrainian currency as much as possible, down to hours if you could.
- tshaddox 6y agoMy bank offers savings accounts.