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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (69287)6/11/2012 10:39:55 PM
From: neolib  Respond to of 119362
 
How negative is the yield? In buying the currency, you get a bit of a clip both ways as well.



To: carranza2 who wrote (69287)6/12/2012 8:37:22 AM
From: Tommaso3 Recommendations  Read Replies (1) | Respond to of 119362
 
Long ago, when money was really money, and I was a teenager, I paid a bank to keep my money safe for me. Or that's the way I looked at it then.

Large-denomination Swiss bonds are harder to steal, don't look criminal, and much easier to store than piles of cash. Just try counting through a wad of 100 100-SFranc notes to make sure they are all there. My holdings are travelers checks that I got fee-free from AAA.

I didn't mention France in the 1780s because of course that was the Revolution and we don't have a king or nobility to get rid of in this country. It is perhaps uncharitable to imagine guillotining various bankers or politicians, but I can't help it.



To: carranza2 who wrote (69287)6/12/2012 10:03:49 AM
From: Tommaso  Read Replies (1) | Respond to of 119362
 
Alexander Del Mar, A History of Monetary Systems . . . (1901), p. 196: "This (limitation) is the main principle and essence of money, without which--no matter of what substance the symbols are made, whether of gold, silver, copper, or paper--it must fail to discharge its function equitably."