Message:

<p>[QUOTE=&quot;InfleXion, post: 1250651, member: 29012&quot;]My viewpoint on the disrepancy in conclusions is that one side of the argument is using examples that were true at the inception of banking, where as the other side is pointing out how things are today which is much different than 500 or so years ago, or even 100 years ago. </p><p><br /></p><p>As far as not letting a $100 bill sit around I would say that due to inflation it is better to use that bill to buy an asset that will appreciate at least as much as inflation, since dollars sitting around don&#039;t appreciate at all, and thus depreciate in relative value due to inflation. Sure you could keep it in a savings account, but even at 3% interest in a CD for example you are still losing against inflation in today&#039;s financial situation. </p><p><br /></p><p>I personally choose to forfeit that tiny bit of savings account interest so that I can have my cash on hand to avoid the negative impact of a potential banking holiday. So it&#039;s not bad to have cash on hand as compared to in the bank in my opinion in case you need it, but if you want to preserve your wealth gold and silver are better alternative so long as you still have enough cash to buy what you really need.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in