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People go thru a lot more trouble to ensure the value of their savings does not go to zero.
by ekianjo 4y ago
People go thru a lot more trouble to ensure the value of their savings does not go to zero.
- rco8786 4y agoThey absolutely do not. They put their savings in an account held by a centralized 3rd party (bank) with the backing of government-guaranteed insurance (FDIC). Maybe some people store cash or gold in a secret place but that is the exception.