jonathan

Banking Sector: 'Buy When There's Blood in the Streets'?

I think you guys are confusing currency and value. Currency is worth nothing, it is just a medium for exchange of value. You can price in Dollars, Oreos, Napkins or whatever you want. The real effect of inflation only occurs for the length of time it takes to turn the currency into something else of value.

So, if you are worried about inflation, don't hold currency. Simple. You shouldn't be holding currency anyway since it is valueless.

Buy companies, commodities, or land; or lend your currency to the bank at a rate equal to inflation (aka short term CD); or spend it. Money is just a convenience gents.