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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (20447)	10/21/2004 11:50:23 PM
From: glenn_a	Respond to of 110194

Hi Ben. By liquid, I meant that which serves as a medium of exchange - i.e. cash or a cash equivalent. But certainly there will be stronger currencies that one will want to be in, and the US$ absolutely does not fall into that category. Gold bullion I view as sort of an "uber currency", even though it's really more of a store of wealth, in that I don't pay for my groceries with gold coins. Cash or cash equivalents are certainly the preferred asset in a deflationary bust. Of course, in hyperinflation holding cash will leave you a pauper. Simple isn't it. (smile) glenn