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aurum@8:44, 1/26

Posted by amals @ 21:29 on January 26, 2024  

I have the same apprehension of the wheels coming off sooner rather than later. I am out of most paper assets except for my long-held miners that are too beaten down to be worth selling. I have a variety of hard assets, and I have cash. More than I’d like to hold, but don’t know where to put it. Or whether to hold it. In a hyper inflation, it will become worthless. Much better in a deflation, of course, but only if it is still being used in the form I have it, and hasn’t been re-valued or even banned. You mention 30-day t-bills. Does one want to hold government paper–of any kind or duration–if there is the risk of default or some kind of drastic re-organization? Is that too far-fetched a notion? People always think it can’t happen here…until it does. I’m seventy approaching seventy-one, semi-retired soon to be fully retired. I’m much more interested in security and stability than I am in return.  If you happen to feel like thinking out loud, I’d listen.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.