“The debate around currencies, cash, and cash equivalents continues. Over the last few years, we have come to doubt whether cash will serve as a good store of value. If you wrapped up all the $100 bills in circulation, it would form a cube about 74 feet per side. If you stacked the money seven feet high, you could store it in a warehouse roughly the size of a football field. The value of all that cash would be about a trillion dollars. In a hundred years, that money will have produced nothing. In a thousand years, it is likely that the cash will either be worthless or worth very little. It will not pay you interest or dividends and it won’t grow earnings, though you could burn it for heat. You’d have to pay someone to guard it. You could fondle the money. Alternatively, you could take every U.S. note in circulation, lay them end to end, and cover the entire 116 square miles of Omaha, Nebraska. Of course, if you managed to assemble all that money into your own private stash, the Federal Reserve could simply order more to be printed for the rest of us.”
David Einhorn









IndenturedServant says:
They’re both right……….sort of but we need more info such as investment period.
Right now, gold is a good, safe investment and cash is akin to having the plague. That will change some day. For the very long term though, I’d take the farmland.
I_S
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30th May 2012 at 3:01 pm
ron says:
At least with cash you could make a bed of it and laugh evilly as you rolled around in it.Like Mr. Burns on The simpsons.
Gold? put a small pile in your yard and sick the hounds on would be thieves,or target practice.
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30th May 2012 at 3:19 pm
Axel says:
At least having cash is better than not having cash.
And not having cash is better than having debt.
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30th May 2012 at 6:04 pm
Kill Bill says:
Currency is meant as a means to ease bartering [the trade of labors]
When currency is produced without labor…..
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30th May 2012 at 6:23 pm