"Cash" is actually not King, at least not entirely. Governments can print money in an effort to allow it to circulate to all parts of the body as Gooseberry would like.

That eventually makes cash worth less than a packet of fags or a bottle of booz.

At the moment cash can buy a lot, especially in the purple world where cash hungry sps have been deprived of buffalos for a while.

On 2020-05-20 18:47:43 gooseberry22 said:
I get why so many people talk about recovering our economy. They are often saying so from a position of financial comfort that they fear they may lose should things not go back to the way they were.

The other people I hear saying it are on the other end of the financial
spectrum. The same essential fear, but borne from not being able to put food on the table in the only way they have ever known how.

I feel for the second group.

The first one, not so much.

I fall in between as someone who has no dependents and is used to making do with very little while having a set of skills that, so far, still have enough value in this world to give me some security.

I'm also one of those who does not want things to go back to the way they were. I know it's too idealistic, but this is such a great opportunity in disguise to reform these systems that continue to increase the disparity in wealth and resources in this world.

A lot of you will read that and just see "ah, another commie" or some other label you use to dismiss things so you can sleep at night.
So I will just say that I'm not suggesting we try some previously failed system of socialism, just that this is an opportunity to make something much better than ever possible before.

It's nice to see a lot of people in SA do see it in a similar way though. There's some great stuff happening out there recently.

Take for example people who are finding sudden success borne out of this situation, and using their gains to help others who would usually have no hope of finding similar opportunities purely due to the crappy hand they were dealt.
I'm not referring to handouts, I'm talking the share of knowledge and resources to enable the betterment of others, and ultimately of everyone.

Fuck, I'm just rambling now aren't I.

"Cash is king" is not something I can agree with in this situation. If you are correct that the amount of money in circulation will dwindle, then now is surely the time to start thinking about how best to ensure it circulates efficiently and to ALL parts of the body.

If we don't, there's a good chance we will wake up one day soon with dead limbs and an aneurysm at the same time.

I will definitely not smoke or drink what you have been doing, seriously!!!!!

On 2020-05-20 20:33:30 undercoverpta said:
"Cash" is actually not King, at least not entirely. Governments can print money in an effort to allow it to circulate to all parts of the body as Gooseberry would like.

That eventually makes cash worth less than a packet of fags or a bottle of booz.

At the moment cash can buy a lot, especially in the purple world where cash hungry sps have been deprived of buffalos for a while.

I have zero desire to see governments printing money, and I don't think I said anything that could be read that way unless that is what you want to see.

My attempt at a pre-emptive disclaimer obviously didn't work.

Depends on the currency. If you had some zim dollars cash is not king. I would like some usd at this point.

I did not view your comment as a recommendation of asset to invest in. Rather, as the expression originally intended, transact in cash...now is not the time to make debt.

On 2020-05-20 22:39:36 Solitary wanderer said:
Depends on the currency. If you had some zim dollars cash is not king. I would like some usd at this point.

I did not view your comment as a recommendation of asset to invest in. Rather, as the expression originally intended, transact in cash...now is not the time to make debt.

Correct. Get into a position where you do not owe anyone as soon as you can.

While I have some US$ in an offshore account and a limited amount here, I am looking to add to my gold holdings. That is my current preferred asset class.