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The end is near, I will collect cash, thank you..
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<p>[QUOTE="coppermania, post: 1102509, member: 18304"]I must say, that people don't invest in cash. Cash will never appreciate in value. Cash is only a tool and any excess should be placed in a position to at least keep up with inflation. Paying off debt first is best but people on this site tend to like to invest in collectable coins and bullion and study it so they understand it well. </p><p><br /></p><p>Example: lets say one had 1000 bucks in 2000 and saved it until today. They would have about 700 with todays inflation rate. That happened whether you bought gold or not and that trend never changes. If that same stack purchased gold, you would have 5000 bucks today. So take a position in something you understand and get out of cash. Turn in that change jar too and buy some silver or gold or that coin you have been wanting. You will not have a problem turning it back to cash when you need it at the current exchange rate.[/QUOTE]</p><p><br /></p>
[QUOTE="coppermania, post: 1102509, member: 18304"]I must say, that people don't invest in cash. Cash will never appreciate in value. Cash is only a tool and any excess should be placed in a position to at least keep up with inflation. Paying off debt first is best but people on this site tend to like to invest in collectable coins and bullion and study it so they understand it well. Example: lets say one had 1000 bucks in 2000 and saved it until today. They would have about 700 with todays inflation rate. That happened whether you bought gold or not and that trend never changes. If that same stack purchased gold, you would have 5000 bucks today. So take a position in something you understand and get out of cash. Turn in that change jar too and buy some silver or gold or that coin you have been wanting. You will not have a problem turning it back to cash when you need it at the current exchange rate.[/QUOTE]
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