5. 现金为王的投资智慧
原文
16.2 billion square kilometers of arable land in the entire United States from the 100-year period between the future now， the output of a surprising number of corn， wheat， cotton and other crops. Future monetary what arable land will continue to output such a huge value return. In the next 100 years， Exxon Mobil may be distributed to the shareholders of trillions of dollars of dividends， and the company also will hold the value of many trillions of dollars in asset size （remember you have a total of 16 Exeter Sen Mobil Oil）. 100 years and 170，000 metric tonnes of gold the size does not have the slightest change， but still will not output anything. Of course， you can to caress this golden cube every day， but it will not have any reaction to you.
Undeniable， even after 100 years， when people fear a lot of people may still be rushed into gold crazy buying. However， I believe that the current market value of $ 9.6 trillion gold assets of the Group A compound rate of return during the next 100 years would be far lower than that in group B of arable land and equity assets.
Fear peaked， the first asset class investment most popular： to promote individual investors fear of economic collapse， the currency-based assets， mostly to buy U.S. Treasury bonds； fear of the collapse of the currency devaluation will push people flocked to buy gold assets never produce anything. In late 2008， we heard everyone say "cash is king"， but this time to spend cash instead of holding cash. Similarly， in the early 1980s， we heard everyone saying "cash is trash"， but at that time the fixed-income investments in high yield levels we remember the most attractive. In both cases， those who blindly follow public investors the heart in order to feel comfortable stability and paid a heavy price.
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