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When they say "cash", do they mean a specific currency? Because I'm not too confident in the US dollar going forward.
by IX-103 2y ago
When they say "cash", do they mean a specific currency? Because I'm not too confident in the US dollar going forward.
- jjallen 2y agoThis implicitly means that you are also not confident about the US economy as well. What do you think will change?
- Mountain_Skies 2y agoMuch of the world would like to replace the US Dollar with something else as the global reserve currency. Problem is, all the alternatives are worse. Until that changes, the Dollar will retain its position.
- TeaBrain 2y agoIn financial news, "cash" is used as a stand-in for treasuries. When an entity is referred to as having a large cash position, it is typically referring to a position in relatively low risk US debt. Warren Buffett reportedly said this at the shareholder conference about Berkshire's position in treasury bills: "We were aided by a predictable large gain in investment income as Treasury Bill yields improved and we substantially increased our holdings of these highly-liquid short-term securities" https://www.ft.com/content/114a157a-6dd8-4705-9efa-53fbe768887f https://www.ft.com/content/114a157a-6dd8-4705-9efa-53fbe7688...