Many say money is trash as a result of inflation shrinks the worth of cash.
Nevertheless, in an atmosphere the place rates of interest are rising quickly, there’s something which is worse than holding money.
At the least, we won’t have the potential for damaging returns after we maintain money.
We are going to get paltry returns however not damaging returns.
Chance of damaging returns?
Sure, not solely probably but additionally in all probability.
So, what is that this horrible instrument of wealth destruction?
Very long time readers will know the place that is going.
I’m speaking about bond funds, in fact.
In the event you can not bear in mind or if you’re new, this was what I mentioned a number of years in the past in an interview with The Fifth Particular person:
Not too long ago revealed:
Gold, silver and Bitcoin.
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2. No person cares extra about our cash…