Equity markets have collapsed in value, bond yields are off, real-estate markets are (in many places) in a state of disarray, monetary devaluation through government inflation is a constant dilemma, bailouts occur weekly, and wars and rumors of wars seem to lurk in the distance. Investing of any sort is enough to make one's stomach turn in times such as these. The hole in the backyard and that spot between the mattresses keeps looking better and better, writes Sterling T. Terrell.

This audio Mises Daily is narrated by Floy Lilley.