Friday, January 30, 2015

Forget the bank: Why many Americans are hiding cash

The contents of this article aren't surprising--many US households are genuinely concerned about the banking system.  What is surprising is that Yahoo Finance, a mainstream site, is reporting it.  What is even more surprising is that American Express published the results of the survey.  Are the money authorities starting to see the writing on the wall--that there is ground swell of the population which is uncomfortable with how paper currencies are being methodically debased with too much printing?  Did the media filter fall asleep at the button?
It's always prudent to have some cash around for emergencies, but cash hoarders believing fiat currency is a solid store of value will be severely disappointed.

Get physical, not paper.

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