Sunday, July 25, 2010

Inflation's hidden cost: forcing families to make riskier investments

Sound as a dollar, chuckle. A couple of generations ago, that phrase actually meant something.

Remember, one man's risk is another's reward. Gold being referred as commodity rather than currency by the media is no accident. The former implies risk, the latter far less.

Six decades ago, the phrase “sound as a dollar” meant something. It didn’t have the ironic ring it has today. At that time, Americans believed that the dollar was “good as gold.” Most families’ wealth consisted of savings accounts, savings bonds, life insurance policies, and money tucked away in cookie jars and shoe boxes.

Source: csmonitor.com

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