Cash has one direction for value: down. The Federal Reserve’s own mandated target is to devalue the cash in your pocket by about 2% each year. $100 in your hands today is worth $81 in ten years and $67 in twenty years if things are going according to their plan. Sometimes, that plan goes sideways and your cash’s value drops much faster.
“Cash has one direction for value: down.”
That’s a big fear of mine. That...and going to a “cashless” society. The good news...I’m getting older faster than my cash is devaluing and I’ll be gone in twenty years...maybe less.