Quote:
Originally Posted by seanofjapan
The article overstates a lot of stuff, and there is one thing which separates cards from most of the asset classes of the wealthy he uses as examples, which is that the cost of holding onto cards is zero.
If the wealthy need cash its more likely to be the yacht or second home that gets sold, since they pay taxes and maintenance, etc on them. Cards can just sit in a safe for free.
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Exactly, I'll sell one of my classic cars, gold coins or 100 dollar bill collection before my cards. They sit for Free!!!!
DON'T BRING ME DOWN!
https://www.youtube.com/watch?v=FuiMQPc5aKA