venividivici

Illogical Justifications for Owning U.S. Treasuries

I am an Australian. I have my money parked in a 24 hour money market account of an Australian bank. It is fully guaranteed by the government up to a million dollars, I checked a couple of days ago and it is currently yielding around 6.5% and I can get the money virtually immediately. It doesn't seem that difficult to me.