“A 401K is not comprised of assets. A 401K is comprised of future claims.”
STEVE ST. ANGELO
Commitments are promises. Future claims are promises. “A 401K is not comprised of assets. A 401K is comprised of future claims.” STEVE ST. ANGELO
One might say, a 401K is comprised of paper markets.
Gold is not a promise. Gold is no liability. Gold is an asset. Gold is money. Gold is liquid. Gold is gold. Silver is silver.