The Value is in What you OwnSubmitted by SyntheticSolutions on Tue, 03/11/2008 - 10:55
I sent an email basically saying that Fiat Currencies have a 100% failure rate historically with a bunch of quotes about the dangers of money supply being in private hands. I received an email back that I'd like to get your feedback on.
I'd like to get your feed back to this statement.
"Primitive man bartered to obtain what they needed. Rare metal coin
(e.g. gold) made this process more convenient. Then came paper
substitutes. Now it is electronic funds. But ultimately it is what you
own of value which can be gold, real estate, stock ownership of a
company, bonds issue be government or a company.
Given inflation if you invest too conservatively, you end up losing