Money loses value in regard to what can be bought with it. I'm finding many things costing three times more now than they did just a year or two ago. So, from that perspective I certainly did lose money.
Money also gets "lost" to our country when it gets stuck and/or invested overseas.
Money is also "lost" to the individual when stock values crash and the stocks are sold instead of held - or held and the stock goes to zero and disappears.
In regard to hoarding cash - yes - I know many people that have taken $10,000 - $30,000 cash and are keeping it home in fear banks won't release it if needed. It's happened before.
If there was a total world-wide economic crash, real goods might become more valuable than currency that only has theoretical value and no intrinsic value. That would be a loss to money holders and a gain to owners of hard goods.
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Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
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