Exactly. Which is why people who want to maintain their wealth by homes and stocks and gold, etc. Because the dollar is purposely losing value. And that’s a dumb thing to save in. But most people do not understand this.
What is it about this comment that the downvoters disagree with? Is it people who don’t realise that fiat is inherently inflationary? I can’t even come up with a guess as to what kind of mind reads this and is able to both understand it and decide it is something that needs downvoted. Please, someone explain, I feel like I’ve lost touch with the world people are living in.
Me too. I hold money I wish to save in other currencies such as gold and silver and Monero and let the dollar just devalue. I keep only as many dollars as I absolutely need for in-emergency around and no more.
Exactly, put your value into cash if you are in a situation where you need to do that in order to use it. Holding value as cash is like holding tobacco as smoke.
Exactly. Which is why people who want to maintain their wealth by homes and stocks and gold, etc. Because the dollar is purposely losing value. And that’s a dumb thing to save in. But most people do not understand this.
What is it about this comment that the downvoters disagree with? Is it people who don’t realise that fiat is inherently inflationary? I can’t even come up with a guess as to what kind of mind reads this and is able to both understand it and decide it is something that needs downvoted. Please, someone explain, I feel like I’ve lost touch with the world people are living in.
Me too. I hold money I wish to save in other currencies such as gold and silver and Monero and let the dollar just devalue. I keep only as many dollars as I absolutely need for in-emergency around and no more.
Exactly, put your value into cash if you are in a situation where you need to do that in order to use it. Holding value as cash is like holding tobacco as smoke.