Tuesday, April 1, 2008
Cash=King?
You know what people say : cash is king. Do you agree with it? Try putting your money in a savings account or fixed deposit at 1-4% or less, and see what happens to your money after 20 years ~you might be lucky to be able to buy a banana with it. Cash is not always king. Cash is prone to being inflated away to nothingness. The history of cash, or fiat money, is a tale of collapses, with values going down to zero. On the other hand, gold is a much better king, and it always has been. The price of gold might go up and down, but it never goes to zero. And the chances are good that, in dollar terms, the price of gold is going to have more zeroes added at the end. Buy gold and hold on to it.Trust me,baby!
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3 comments:
Only cash can show it value during emergency,Gold depreciate faster than cash during emergency~
For me cash means everything.
I work hard to grab money and feel it is VERY IMPORTANT. Life without money? i think it is impossible you can live comfortably.
Cash is certainly not a store of value. Keep just enough of it around for your daily transactions, and maybe a small buffer to tide you over in case of emergency.
Try to keep as little cash as you can in your wallet (0% interest)
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