Money loses value in regard to what can be bought with it. I'm finding many things costing three times more now than they did just a year or two ago. So, from that perspective I certainly did lose money.
Money also gets "lost" to our country when it gets stuck and/or invested overseas.
Money is also "lost" to the individual when stock values crash and the stocks are sold instead of held - or held and the stock goes to zero and disappears.
In regard to hoarding cash - yes - I know many people that have taken $10,000 - $30,000 cash and are keeping it home in fear banks won't release it if needed. It's happened before.
If there was a total world-wide economic crash, real goods might become more valuable than currency that only has theoretical value and no intrinsic value. That would be a loss to money holders and a gain to owners of hard goods.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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