Will,

Thank you for taking the time to help me understand deflation better.
You make the point that holding large amounts of cash quickly becomes impractical and I can see what you mean. But still, why not just deposit the cash in a bank, maybe at essentially zero interest rather than buying bonds that pay negative interest.
As you can probably tell, I'm no expert on this topic and am just trying to get my head around why anyone would voluntarily commit money to a losing investment rather than keep that money somehow on the sidelines.
ed