In the days of collapsing debt bubbles, quantitative easing (code word for thievery), and soaring precious metal prices...
...where oh where do you store your wealth short term? I'm talking liquid here. Something you can use for business expenses next month if you had to.
Where do you store it while you wait for just the right buying opportunity of less liquid assets?
Store it in Euro or Dollars and watch it evaporate more each day.
Store it in an interest bearing account and get nothing close to real-world inflation levels. Again, it goes up in smoke more and more each day (and is vulnerable to seizure at the whims of the bank and the government).
Precious metals are an option. But right now they are ski high, erratic as hell. Clearly they are in the distribution phase. In the long haul I'd take that bet. But the short-term is risky as hell if you ask me.
So what is left here?
I'm looking seriously at Bitcoin. But it's still in it's infancy. Anything could happen.
What else is left? How do the super wealthy do it? How do they store wealth while waiting for the right undervalued asset buy opportunities.
I'm certain, it sure as hell isn't stored in fiat currencies. They know the game, and are too smart for that.
...where oh where do you store your wealth short term? I'm talking liquid here. Something you can use for business expenses next month if you had to.
Where do you store it while you wait for just the right buying opportunity of less liquid assets?
Store it in Euro or Dollars and watch it evaporate more each day.
Store it in an interest bearing account and get nothing close to real-world inflation levels. Again, it goes up in smoke more and more each day (and is vulnerable to seizure at the whims of the bank and the government).
Precious metals are an option. But right now they are ski high, erratic as hell. Clearly they are in the distribution phase. In the long haul I'd take that bet. But the short-term is risky as hell if you ask me.
So what is left here?
I'm looking seriously at Bitcoin. But it's still in it's infancy. Anything could happen.
What else is left? How do the super wealthy do it? How do they store wealth while waiting for the right undervalued asset buy opportunities.
I'm certain, it sure as hell isn't stored in fiat currencies. They know the game, and are too smart for that.
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