WaltonLoads08 said:pfo said:TexasRebel said:
Unless you're talking about chicken or beef stocks you'll still convert to USD.
Yes, that's true Texas but if the sales, revenues, dividends and appreciation of the stocks I bought are strong and the dollar continues to purchase fewer and fewer goods and services as it always has since Nixon took America off the gold standard in the early 1970's, then I will be selling those stocks in the future for a lot more dollars than I just paid for them.
The same could also be said for gold and land. It's not that gold and land and stocks are getting so much more valuable as it is that the currency we value things in (the US$) keeps getting less valuable. That's the big picture you never want to lose sight of.
That's an oversimplification of inflation, and I think you are smart enough to know that. No currency can ever stay at the exact same value in a growing economy.
Really? The American economy grew mightily at times prior to 1971 but the value of the dollar remained fairly stable (with the exception being the Great Depression). It was after the Gold Standard was abolished that the dollar's erosion of value rapidly accelerated.
I'm just too old and have seen the dollar devalued way too much over way too many decades to keep much of my weath in it? One thing I will say for liquidity however, is nobody understands the value of it until they don't have it. So it's always good to have some cash on hand.
