|Banks Can Cut Credit Lines At Any Time|
|Cash Is King!|
We never know what the future will bring but if it is a financial crisis liquidity is generally one of the first things to dry up and when it does cash is king. This is why I will never call the holder of cash stupid unless it is during a long period of massive inflation. Cash is the big dog it gives the holder options. Cash can protects us from the many unexpected problems that can spring up in our path. When push comes to shove banks are not the friend of the common man and relying on their sense of decency is not a good idea. The agreements most of us are forced to sign when borrowing money is filled with little details and the devil hides between the lines. Cash is liquidity and holding it is generally not as stupid as allowing yourself to be hung out to dry when it suddenly grows scarce.
Footnote; An article exploring the relationship between currencies and the value of tangible assets is linked below.