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<p>[QUOTE="medoraman, post: 1501492, member: 26302"]It sure is if that .02 would have been put in safe bonds over the years.</p><p><br /></p><p>What people need to "get over" is the idea that a $5 bill will keep its purchasing power forever. It won't, since economics dictate a low rate of inflation is the preferable modality for an economic system. I can go into that if wanted, but if you look at deflation, no inflation, mild inflation, mild inflation gives the best results.</p><p><br /></p><p>As such, your .02 is guaranteed to lose value if you keep it as .02 cents. However, put into safe bonds over time, and your .02 in 1923, 1945, 1972, or today have roughly the same purchasing power they always had.</p><p><br /></p><p>Sorry, just had to get that out there again. As a store of value, bank notes are not meant to be that. Your investment portfolio, be it bonds, cd's, stocks, PM, land, etc. is your store of value. Currency is meant to facilitate trade.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1501492, member: 26302"]It sure is if that .02 would have been put in safe bonds over the years. What people need to "get over" is the idea that a $5 bill will keep its purchasing power forever. It won't, since economics dictate a low rate of inflation is the preferable modality for an economic system. I can go into that if wanted, but if you look at deflation, no inflation, mild inflation, mild inflation gives the best results. As such, your .02 is guaranteed to lose value if you keep it as .02 cents. However, put into safe bonds over time, and your .02 in 1923, 1945, 1972, or today have roughly the same purchasing power they always had. Sorry, just had to get that out there again. As a store of value, bank notes are not meant to be that. Your investment portfolio, be it bonds, cd's, stocks, PM, land, etc. is your store of value. Currency is meant to facilitate trade.[/QUOTE]
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