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A comment on The money I saved as a child would buy one picogram of gold today. Parent comment

Re:The money I saved as a child would buy one picogram of go... by epgui on Sunday April 17, 2022 @04:12PM (#31064024)
Risk of loss, theft or physical degradation. Then there’s the costs of holding cash, which are known to give you a negative yield due to inflation (nevermind bank fees or insurance costs, etc)
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Re:The money I saved as a child would buy one picogram of go... by ghaff on Sunday April 17, 2022 @04:43PM (#31064303)
I assume cash was being used in the normal financial accounting sense of the word as opposed to dollar bills in the mattress.

Yes, there's inflation negative yield. But especially in the low interest and inflation rate environment that has been the case until possibly recently, the difference between "cash" (i.e. default investment at a brokerage) and other very low-risk investments (e.g. high quality corporate bonds) has been pretty minimal.

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Re:The money I saved as a child would buy one picogram of go... by tmn on Sunday April 17, 2022 @05:07PM (#31064519)
You hold cash for short or mid term optionality. If you want long term stable store of value buy gold or treasury bills
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Re:The money I saved as a child would buy one picogram of go... by ClumsyPilot on Sunday April 17, 2022 @05:36PM (#31064706)
Most people who want to secure family wealth and have the option of trickle incompe buy real estate
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Re:The money I saved as a child would buy one picogram of go... by wildrhythms on Sunday April 17, 2022 @07:00PM (#31065362)
2008 is calling and wants to talk to you.
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Re:The money I saved as a child would buy one picogram of go... by nly on Sunday April 17, 2022 @08:38PM (#31066017)
2008 property crash was mostly a US phenomenon
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Re:The money I saved as a child would buy one picogram of go... by ClumsyPilot on Sunday April 17, 2022 @07:45PM (#31065655)
I agree, we as a society have learnt nothing
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