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I agree with your sentiment. I also keep quite a bit of money in cash, but these days I'm keeping less so since it seems likely we'll have high inflation in ou
by mikebo 17y ago
I agree with your sentiment. I also keep quite a bit of money in cash, but these days I'm keeping less so since it seems likely we'll have high inflation in our future, given how much money is being printed. I've moved most of it to gold or silver.
- jrockway 17y agoGold seems to continue to drop in price, even as we print paper money. It's possible that debt is more valuable than yellow-colored metal coins. (Gold does not have a lot more intrinsic value than anything else. If the economy collapses, will people be willing to buy your chunks of metal? Why?)
- kingkongreveng_ 17y ago> Gold seems to continue to drop in price Huh? Gold (and commodity metals in general) has been the trade of the decade. > Gold does not have a lot more intrinsic value than anything else. You can go any time in history any where in the world and buy a decent suit with an ounce of gold. Gold has always preserved wealth in the long run. Not true of any other asset class. Everybody should be at least a few percent in gold. It's cheap catastrophe insurance.
- chollida1 17y ago> Gold seems to continue to drop in price, even as we print paper money. In the real world it's done the opposite. Golds gone up in value as we've printed more money.
- jrockway 17y agoIf you bought gold right in the middle of the subprime meltdown (early last year), you have lost money today. If you bought stock, you have made money.