Business: Where the Experts Invest

They are worried too, but some havens are better than others

Ming vases? Antiques? Gold? Cattle? All can tumble out of favor and decline in price. So where is the perplexed American investor to park his extra cash and protect its value? Certainly not in a savings account. Had Phineas T. Barnum lived today, his famous dictum might well have been: There's a saver born every minute. In the inflationary 1970s, savers are suckers who stand to lose. If inflation should continue at February's 15.4% rate, every dollar put into a bank at 5¼%...

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