Cash is king and 100-dollar bills have become the new investment favorite

Cash is king The $100 bill has become the new investment favorite "Alberta Times" Last year, the printing volume of $100 bills in the United States suddenly increased significantly, making Co...

Cash is king, and $100 bills have become the new investment favorite. "Alberta Times" Last year, the printing of $100 bills in the United States suddenly increased significantly. Nick Colas, chief strategist of ConvergEx Group, smelled something wrong and decided to find out. The popularity of 100 US dollars is strong. In contrast, the use of smaller denominations of 1, 5, 10, and 20 US dollars has gradually declined in the past 10 years. At the same time, the number of consumption behaviors that have nothing to do with banknotes (such as credit cards) has also gradually increased. In fact, the U.S. Mint and Printing Office issued a total of 3 billion $100 bills in the fiscal year that ended in October. "This is a record-breaking print run and exceeds the 2 billion dollar bills by 50%," he said. While this may be related to rampant bribery, drug trafficking, and smuggling, it may represent another thing, which is that people no longer trust the government and the economy, making the $100 bill as favored as gold. What's more, many dollars are held overseas - after all, they are easy to use and easy to keep. "In an environment where tax rates are getting higher and higher, cash is the best way to store wealth." He said. "Buying gold is a good way to save," but if you want to buy food, $100 is really unbeatable. "Interestingly, the surge in demand for $100 banknotes is inseparable from the renovation of anti-counterfeiting features. Although this new banknote has not yet been issued, people are still flocking to it, and the demand is detonated in advance. At the same time, the profits from U.S. Treasury bonds are pitiful, which also makes people feel that it is more practical to own cash directly. There are still some bright spots; the dollar's popularity means the world still has confidence in it.