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Fiat is a terrible investment, as advertised. Central banks make it clear they are target inflation and that you should expect the asset to depreciate. I don't
by maxbond 2y ago
Fiat is a terrible investment, as advertised. Central banks make it clear they are target inflation and that you should expect the asset to depreciate. I don't think anyone expects to get rich keeping their money under their mattress.
May I ask if this bank was insured? What country was this in? I'm surprised, because this is something "tradfi" is usually very good at. At any rate, that really sucks and I wish you a full and speedy recovery of your money.
- throwaway48540 2y agoEuropean Union, yes the bank was insured, but the related court case is huge and moves slowly. No, I wouldn't say this is something that traditional finance are good at.