Another way to get your butt reamed, no hedge for this one Einstein

Discussion in 'Wall St. News' started by stock777, Apr 8, 2008.

  1. I read that a man in India (4th world?)

    Lost his life savings

    Stored in currency

    In a safe deposit box

    To Termites.




  2. He should've kept his savings in coins. At least those have a residual melting value.

    How much were his savings, anyway? A hundred rupees?
  3. intrinsic value of fiat currency
  4. Here's a more detailed version of the story.

    Indian Man Phucked Out of his Life Savings

    Man ... India sucks. :mad:

    That's a lot of money (relative) to get screwed out of and not many opportunites to make it back given the economic constraints of the culture.