The reason why I think cash is king is because, during times of financial stress, it is good to have liquid funds. When people cannot pull out money from the banks, it is good to have a safe at home with money to be able to hold cash which gives people phycological peace of mind.
Most experts recommend you have 6 to 9 months of cash in case of an emergency, just like a business would in the event of unexpected expenses. Cash is King is a way of saying that cash is superior to other assets like stocks, bonds, and gold.
When a business chooses cash as a form of payment over credit cards or checks it is a good for them. Because with accepting cash you can use it immediately and don’t have to be waiting for the credit card company to pay.
Topic: It's Simple to understood now cash is king again - page 2. (Read 996 times)
Nowadays Cash is indeed king for everything in fulfilling wants and needs. But I believe and believe that soon cash will no longer be king because cash has many problems, starting from inflation and others. Then every problem there will be a solution to overcome it.
Therefore Bitcoin or Cryptocurrency Assets can't be created if the cash financial system is correct. Times have changed, some that are no longer 'Relate' will surely go away. Why subscribe to newspapers if we can access the latest news every minute from electronic media or Twitter at any time? Yes, that's the point. If Bitcoin is just waiting for its adoption anyway, but indeed the road will be steep to replace a system that has been hundreds of years not easy. other examples such as the State of El Salvador has adopted bitcoin as a legal currency for transactions, why? Yes, because the technology will make it easier for us.
Therefore Bitcoin or Cryptocurrency Assets can't be created if the cash financial system is correct. Times have changed, some that are no longer 'Relate' will surely go away. Why subscribe to newspapers if we can access the latest news every minute from electronic media or Twitter at any time? Yes, that's the point. If Bitcoin is just waiting for its adoption anyway, but indeed the road will be steep to replace a system that has been hundreds of years not easy. other examples such as the State of El Salvador has adopted bitcoin as a legal currency for transactions, why? Yes, because the technology will make it easier for us.
FIAT currency represents money; as long as money can be used to purchase anything, its demand will remain high. But what about those who already have sufficient or even ample wealth? Do they continue accumulating money or diversify into gold and stocks?
The more sensible approach is to diversify into gold and stocks once our financial needs are met. FIAT currency is a symbol of inflation, and its continuous printing, which lacks transparency, will never be curtailed. Money is needed when it is absent, but once obtained, the next target becomes gold and stocks. Money is for the present, while investments in gold and stocks are for the future.
The more sensible approach is to diversify into gold and stocks once our financial needs are met. FIAT currency is a symbol of inflation, and its continuous printing, which lacks transparency, will never be curtailed. Money is needed when it is absent, but once obtained, the next target becomes gold and stocks. Money is for the present, while investments in gold and stocks are for the future.
The OP mentioned the purache power of cash is great again so I’m assuming he meant purchasing power of the cash is great again. With inflation ravaging most parts of the earth, the purchasing power of the cash is anything but great. I’m pretty sure the monthly budgets of people here has increased over the months for the same goods purchased. I know mine has..
If the purchasing power was that great, I would have been able to spend much less for more goods or/services.
I always thought the phrase “cash is king” refers to the fact that people would be willing to accept cash payments for goods provided or services rendered more than any other means and with cash, no one except you and the seller would know about the transaction.
Now, more I believe more people are more willing to accept other means of payment other than cash and people are not willing to hold and travel with a lot of cash on their person for obvious reasons of being robbed.
Cash is nowhere king status. Perhaps a duke would be more befitting.
If the purchasing power was that great, I would have been able to spend much less for more goods or/services.
I always thought the phrase “cash is king” refers to the fact that people would be willing to accept cash payments for goods provided or services rendered more than any other means and with cash, no one except you and the seller would know about the transaction.
Now, more I believe more people are more willing to accept other means of payment other than cash and people are not willing to hold and travel with a lot of cash on their person for obvious reasons of being robbed.
Cash is nowhere king status. Perhaps a duke would be more befitting.
Cash is valueless if there is no product to purchase, cash is nonsense if we can't use it to acquire things made from gold, silver and oil. Cash can not eat cash. So if cash can't acquire the necessary needs of human then the king name of cash worthless. Therefore, cash has to give respect to the things of high value like Gold, Silver, Bitcoin and consumable products. I will also agree that money is everything but to have happy mind is the greatest of them all. You can have a lot of money but no peace in you life.
Cash can't give respect to the assets you mentioned because those assets still needs to be sold to cash therefore everything resolved around cash making it still the king. Cash in the statement isn't money but that fiat currency used in all countries. After making so much profits with Bitcoin, you'll still need to sell your Bitcoin to cash as you can't use Bitcoin to pay for things that's needed in your daily life, In the future that'll be possible but it isn't yet.
Bitcoin has been dipping and so has others like gold, silver and oil. This is why the OP was calling cash king. Always make sure you have cash that can be used for buying things you need for your daily living but don't hoard cash instead hoard Bitcoin, Gold or other assets.
It's just a cliché word because we can't lie that when we have money it makes us happy,
imagine when you want to buy something but we are in a condition of having no money,
I agree with your words and indeed it is better that we accept the facts or truth with patience.
imagine when you want to buy something but we are in a condition of having no money,
I agree with your words and indeed it is better that we accept the facts or truth with patience.
I totally agree with you, It's better to accept the truth, there is a saying that ''money cannot buy happiness but only buy commodities or things'' it's only sound good in academic books or in quotation but in reality money does matter. Ask with those people who sleep empty stomach just because they don't have money. Do you think these people are happy? love with empty pocket it's almost impossible, especially for men. Empty pocket teaches you a million things in life, it teach you the value of basic need just like food, shelter and cloths.
At present people are less interested in using cash money now people are more interested in using online money. Because at the moment online banking or mobile banking has become a very easy matter, you can turn your online money into cash money anywhere. Due to the availability of so many facilities, people now feel more comfortable to use online money instead of cash money. Online money transfer is safer than cash money transfer. When you carry a large amount of cash from one place to another, you have a fear of it being stolen, but that's not the case with online banking. In the case of online money, you have your own password and security so that even if your device is lost or damaged, there is no possibility of losing that money, that's why people now feel more comfortable to carry or transact money online.
Cash is king again.
The purache power of cash is great again.
Many people talking about gold will go up.
How can the gold go up If markets works on supply and demand system.
What's the biggest demand now ?
cash it's cash not gold not stocks not real estate not Even btc neither Silver.
World have now demand to oil and fiat currency.
The purache power of cash is great again.
Many people talking about gold will go up.
How can the gold go up If markets works on supply and demand system.
What's the biggest demand now ?
cash it's cash not gold not stocks not real estate not Even btc neither Silver.
World have now demand to oil and fiat currency.
The Fiat/Bank shills will never give up....
The biggest enemy of "Cash" is long-term inflation ....so looking at short-term spikes in the buying power of cash is stupid.
Purchasing power is the value of money in terms of the real goods and services it can purchase. So, looking back in the history of money in the long-term... will give you an idea where it is going in the future. Just look at what you could buy with a $20 note now, compared to what you could buy with it 20 years ago. Fiat currencies are doomed to fail.... and it is only through manipulation that people are not noticing it's demise. (Cooking a frog slowly)
Because fiat money is something that is really needed right now. Hence, fiat money is like a king in the eyes of the public because fiat money is really needed in this inflationary period. All kinds of equipment need money to buy it.
~snip~
Let's put it this way - in the desert, gold is not a very liquid commodity either, if we're talking about the general population. Guns, water, high-calorie foods, cows, ..... - yes, it's very liquid and you can trade anything for it.
Gold is a hard commodity for the average person in the desert to trade. For example, you have a bank bar weighing 15 kilograms of gold. You are in the desert in shorts with that bar. You suffer from thirst and sun - in a critical situation you will give these 15 kilograms of gold for a jerry can of drinking water, an umbrella and a 19th century rifle with a pack of cartridges. In another situation, you will buy an apartment with a luxury renovation, a car and enough for investments. Liquidity is a strange thing - in comfortable conditions gold is really expensive, in very uncomfortable conditions - its price drops to the price of weight for weight for food
Cash is valueless if there is no product to purchase, cash is nonsense if we can't use it to acquire things made from gold, silver and oil. Cash can not eat cash. So if cash can't acquire the necessary needs of human then the king name of cash worthless. Therefore, cash has to give respect to the things of high value like Gold, Silver, Bitcoin and consumable products. I will also agree that money is everything but to have happy mind is the greatest of them all. You can have a lot of money but no peace in you life.
You are saying the opposite of everything, if you don't have money, you can't buy anything in this world. You go to work, do you get paid in money or goods or gold? You will have a lot of trouble buying goods with gold or bitcoin, but with cash it is extremely easy. No matter how much we hate money because of its devaluation due to inflation, there is no denying that cash is still king of the moment. Money is still the measure of all wealth in this world.
Cash is valueless if there is no product to purchase, cash is nonsense if we can't use it to acquire things made from gold, silver and oil. Cash can not eat cash. So if cash can't acquire the necessary needs of human then the king name of cash worthless. Therefore, cash has to give respect to the things of high value like Gold, Silver, Bitcoin and consumable products. I will also agree that money is everything but to have happy mind is the greatest of them all. You can have a lot of money but no peace in you life.
It's just a cliché word because we can't lie that when we have money it makes us happy,
imagine when you want to buy something but we are in a condition of having no money,
I agree with your words and indeed it is better that we accept the facts or truth with patience.
Everyone may have felt how the facts are in life. Because when someone who continues to have a desire for something in his life, while he doesn't have the money to get it, of course he will feel difficult and he will not feel happiness in his life. So it is clear that in this case everyone may not be able to lie about money problems and also their happiness in life.imagine when you want to buy something but we are in a condition of having no money,
I agree with your words and indeed it is better that we accept the facts or truth with patience.
It's hard to talk about happiness and money. Because this depends on our family background. If we are born into a difficult and poor family from birth, money can bring happiness. But if we are born into a rich family from birth, happiness is not money but happiness in other forms.
Another form of happiness is calm and comfort in one's life and sometimes in terms of peace and comfort not all rich people in this world have it even though they already have a lot of money. But basically they will also find it easier to get peace and comfort in their life as long as they know how, because in this case money also plays a very important role so that the difficulties due to the lack of peace and comfort for the rich will only last for a short time.Quote
Money doesn't buy happiness, but money can provide comfort, because happiness is a state of mind and there are many determining factors. So I think happiness and well-being, needs and wants go hand-in-hand. so money is very important nowadays without money happiness can be lost and a lot of money but not happy is also there. that is why happiness and money complement each other.
As I said above, happiness in other forms is about having peace and comfort in life when someone already has a lot of money, generally they don't think about making money like the poor do. So the role of money in life and in getting happiness is always there and always goes together so that no one can deny it because money has always been a determining factor in this matter. 
Since none of the other assets you mentioned where made legal tender except cash or fiat currency, of course cash will always remain as king, isn't that the reason why the government are fighting so hard to keep it relevant. A control tool on the masses. What is so special about cash status in the economy when the value keep depreciating in the face of commodities?
A bit of a controversial statement, let me clarify.
Gold, bitcoin, real estate, mi other are investment assets. With different levels of risk. Yes, in times of global crises, gold becomes a "classic safe haven".
BUT ! The problem with gold is that you can't buy bread, coffee or a kilogram of meat with it. In this sense, it is not very liquid, and from the point of view of the real price - no one will evaluate your part of the bullion at the market price. When people start selling gold to buy food, it means "the situation is critical, we have to survive".
Cash - yes, it is a very liquid asset, although it is subject to inflation and other negative processes.
That's why those who have a lot of money invest for a LONG period of time, in gold and so on. Those who do not have a lot of money and opportunities - sell everything liquid in exchange for cash.
The problem with cash is that it has value in certain countries. In the desert, in various other countries, cash has no value. Gold is more liquid. To use bitcoin, you need the internet. For example, tribes in Africa don't have internet (and neither do phones). But even there, gold is recognized. So the main indicator is liquidity in different conditions.
Let's put it this way - in the desert, gold is not a very liquid commodity either, if we're talking about the general population. Guns, water, high-calorie foods, cows, ..... - yes, it's very liquid and you can trade anything for it.
Gold is a hard commodity for the average person in the desert to trade. For example, you have a bank bar weighing 15 kilograms of gold. You are in the desert in shorts with that bar. You suffer from thirst and sun - in a critical situation you will give these 15 kilograms of gold for a jerry can of drinking water, an umbrella and a 19th century rifle with a pack of cartridges. In another situation, you will buy an apartment with a luxury renovation, a car and enough for investments. Liquidity is a strange thing - in comfortable conditions gold is really expensive, in very uncomfortable conditions - its price drops to the price of weight for weight for food
Continuing the idea of the silver metaphor in the post, money is always the "king", clearly fiat currency has most of the current economic domain, however the number of factors that influence current economic trends go much further. From this, in this comparison a king will always be affected by a lot of external factors and he will not be able to have them all covered, in this order of ideas, it does not matter how relevant fiduciary currency may or may not be today, obviously the economy needs to reinvent itself constantly and in the same way having a predominant role in a certain dynamic is not necessarily a meaningful equivalence to being a "king", history has shown that.
A bit of a controversial statement, let me clarify.
Gold, bitcoin, real estate, mi other are investment assets. With different levels of risk. Yes, in times of global crises, gold becomes a "classic safe haven".
BUT ! The problem with gold is that you can't buy bread, coffee or a kilogram of meat with it. In this sense, it is not very liquid, and from the point of view of the real price - no one will evaluate your part of the bullion at the market price. When people start selling gold to buy food, it means "the situation is critical, we have to survive".
Cash - yes, it is a very liquid asset, although it is subject to inflation and other negative processes.
That's why those who have a lot of money invest for a LONG period of time, in gold and so on. Those who do not have a lot of money and opportunities - sell everything liquid in exchange for cash.
The problem with cash is that it has value in certain countries. In the desert, in various other countries, cash has no value. Gold is more liquid. To use bitcoin, you need the internet. For example, tribes in Africa don't have internet (and neither do phones). But even there, gold is recognized. So the main indicator is liquidity in different conditions.
There are some people who always say that money is not important in front of l love but in reality it never works that way.
The people who always say that money can't buy happiness, money can't buy love are those who have not had a lover or are still looking for love with an empty pocket. indeed, our lives are more pragmatic than ever, and without money, we would have nothing in this world. i know this sounds harsh, but obviously, that's what's happening in our world, we need to accept the truth and adapt to it instead of always trying to hide from it.
imagine when you want to buy something but we are in a condition of having no money,
I agree with your words and indeed it is better that we accept the facts or truth with patience.
Money doesn't buy happiness, but money can provide comfort, because happiness is a state of mind and there are many determining factors. So I think happiness and well-being, needs and wants go hand-in-hand. so money is very important nowadays without money happiness can be lost and a lot of money but not happy is also there. that is why happiness and money complement each other.
Cash is king again.
The purache power of cash is great again.
Many people talking about gold will go up.
How can the gold go up If markets works on supply and demand system.
What's the biggest demand now ?
cash it's cash not gold not stocks not real estate not Even btc neither Silver.
World have now demand to oil and fiat currency.
The purache power of cash is great again.
Many people talking about gold will go up.
How can the gold go up If markets works on supply and demand system.
What's the biggest demand now ?
cash it's cash not gold not stocks not real estate not Even btc neither Silver.
World have now demand to oil and fiat currency.
A bit of a controversial statement, let me clarify.
Gold, bitcoin, real estate, mi other are investment assets. With different levels of risk. Yes, in times of global crises, gold becomes a "classic safe haven".
BUT ! The problem with gold is that you can't buy bread, coffee or a kilogram of meat with it. In this sense, it is not very liquid, and from the point of view of the real price - no one will evaluate your part of the bullion at the market price. When people start selling gold to buy food, it means "the situation is critical, we have to survive".
Cash - yes, it is a very liquid asset, although it is subject to inflation and other negative processes.
That's why those who have a lot of money invest for a LONG period of time, in gold and so on. Those who do not have a lot of money and opportunities - sell everything liquid in exchange for cash.
Its true that money is a king because every single work in this era is possible with money. People works continuously in order to get cash to satisfy their lives because education, treatment, drinking and eating everything is hard to find without cash.
If we have cash and on other hand we also have some invested money in asset like that of gold and bitcoin so asset will have the possibility to Increase your money but that of cash will remains same as it is. It will be more suitable to put money into asset rather than saving your cash with yourself.
Earn cash and make investment with little sum so earning possibility will become easy and you will spend life happily.
If we have cash and on other hand we also have some invested money in asset like that of gold and bitcoin so asset will have the possibility to Increase your money but that of cash will remains same as it is. It will be more suitable to put money into asset rather than saving your cash with yourself.
Earn cash and make investment with little sum so earning possibility will become easy and you will spend life happily.
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