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I agree with most everything you said, but money does have a time limit in effect. If you hold cash it will become worth less over time. If you invest it your investment may go down.

Some people are buying nothing but garbage (there are whole markets based on selling garbage), but I think right now there are also people trying to move the money they have right now into some other source they trust more. If you try to build a house in Switzerland right now be prepared to wait. A lot of people have emptied their pensions to build houses (they cost a lot in Switzerland) since the crisis hit.




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