I’ve been joking for years about withdrawing my paltry savings and putting it under the mattress. Now it’s no joke.
Actually, as the dollar becomes declines, all that paper under the mattress will become worthless anyway.
I had thought about putting it in gold, but even that has lost value. There just is no safe investment vehicle anymore.
Thank you Republicans and Democrats.
Gold prices may go up and down but precious metals “values” for investors are subject to manipulation. Cost averaging is the way I look to go
Don’t think of gold as an investment, but as a way to preserve wealth for the long term. The ultimate buy and hold. That is why govts try to seize it from private citizens when financial markets crash and cash (aka givt promissory notes) means nothing
I call the currency monopoly money since it isn’t too far from it in terms of value.
Another lesson in economics is found in the Hitchhiker’s guide to the galaxy. The golgafrinchams (sp?) made leaves their currency and got a full on experience in inflation.
The shoe store event horizon is another funny one.
Gold lost value here because the dollar has risen in comparison to other currencies.