Look4chrisng

In my accounting would.  CAD, USD, Yen,  even bonds,  they are all called cash and equv..

Only if that currency is very stable, it will be called something else, which may very well be the future of USD.

快樂牛郎

In my accounting would.  CAD, USD, Yen,  even bonds,  they are all called cash and equv..

Only if t ...
Look4chrisng 發表於 2010/10/11 22:26

but yen or USD or CAD or whatever can drop more than 1% a day.  So how is that different from an index fund.  

i would say all such investments are liquid, but the term cash usually implies your purchasing power locally remains the same

Look4chrisng

Your CAD also changes in purchasing power, how much you pay for a the same SFH in Jan 2010 and Sept 2010?  Gas price?

If you want a unit for purchasing power, USD is probably the closest thing you can get.

peter236

Buy RMB now, it will move up big over the next few decades.