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 - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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