For about a year now, as a mental exercise, I have tried to think and, more importantly to feel in my gut, differently about my meager pension and bank savings.
I have never paid much attention to daily news reports about the fluctuating prices of stocks, or bonds, or mutual funds, or real estate, or commodities. I've never owned much of any of them except for a share in our house.
My miserably few savings are sitting at the bank, in simple cash, as an ordinary expense account.
What I began doing, however, in June 2011, is to 'virtually' track the value of that bit of cash as if I had cleverly converted it into gold and bitcoin back then, in June 2011.
As the months creep by, I've been intrigued to notice that my wee bit of capital, had I allowed it to simply stagnate as inert gold and electronic bitcoin, would now be worth quite a few more dollars.
Conversely, my little pool of hard earned cash, even including accumulated interest, could not possibly buy the amount of gold or bitcoin it could have in June 2011.