Quote:
Originally Posted by InfoGuy
Inflation will eat away at the value of cash, so negative yielding debt may still be more attractive than holding cash.
|
I have found that to be a MYTH.
But it does depend on how many of the things you 'will need to buy' are inflationary.
Go look at what makes the official inflation number and I doubt half of it applies to you in any meaningful way. By the same token, many things to and are not taken into proper accounting like energy. I have solar/alt energy homes
I own the homes I will die in. That is the major inflationary number.
I will sell some homes off as I get even older so inflation is my friend.(for now)
But all the medical fields (doctors, hospitals and insurance) will own it all in the end... why worry.