If you are a 30 year old guy, I would not have any more than 6 months to a year`s worth of expenses in cash. I would make sure I had a little cash to cover my rent or my mortgage, if you have a mortgage but I would keep very little in the way of cash because it`s going to lose value.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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