Friday, June 26, 2009

Cost of safety

According to Michael Hartnett, a strategist at Merrill Lynch; if someone today is investing in cash, it would take:

  • 360 years to double his/her money in US Dollar ($) deposits
  • 150 years, if it was in Pound Sterling (£) deposits
  • 440 years, it it was in Japanese Yen (¥) deposits.


I think that it is becoming obvious to many that cash is a horrible investment; especially in currencies of heavily indebted countries.