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Quite true, which means that cashing out might be a risk-free option, but only for the very short term.  Anything longer than that and you have to take account of the risk of getting robbed, money losing value, missing out on appreciation that your neighbors are getting, etc. It's likely the case that the risk of holding cash, if you're American, Japanese, or European, is about as high as the risk of holding a US Treasury bond, which can by judged, ideally, against other AAA rated opportunities for securing your wealth.
by santiago on Tue Apr 27th, 2010 at 02:49:17 PM EST
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