[Dylan16807]

> i.e. the few middle/upper middle class people who choose to live within their means, keep a rainy day fund, save for a vacation instead of putting it on a card, etc.

You're describing someone that's good at managing money, which runs counter to the idea of having a big pile of uninvested cash.

[dsfyu404ed]

I'm describing someone who values stability and liquidity over returns.

[Dylan16807]

Is there any circumstance where you need more than a couple month's income to be in liquid form, without notice? Inflation doesn't have a major impact until you're building up huge amounts.

And if you would ever actually consider gold for stability, stocks should be no problem at all.