[tcrlaf]

I’m in the same boat you are, but there really is no safe place for your money right now.

I’m in treasuries, gold, and platinum, and the family trust has been buying repo’d properties around our home town for rentals. Even if property values decline, this is where we live. And we’ll survive.

[PSYCHO-FREEP]

Historically, times like these it is the best financial move, to buy material assets like real estate property that is likely to retain it’s value. (Not in the middle of East L.A.)

But my broker, very sharply cautioned me on buying treasuries right now. Particularly because the government is borrowing money to spend what it does not have.

Stagflation is right around the corner, then deflation, and finally runaway inflation as interest rates go into the double digits.

[PerConPat]

I’m in the same boat you are, but there really is no safe place for your money right now.

Yes, there are a whole bunch of us in that boat. IMHO, this crisis- like its predecessors in my six plus decades of life- is the product of democracy. Speaking only for myself, I am past blaming a Bush or a Clinton etc.. We have met the enemy, and they are the majority. Equating debt enabled lifestyles with prosperity has come home to roost.

Now, all that remains to be seen is whether the nation can turn this thing around before the Left can land a fatal blow on the American experiment. I agree that many of us might survive reasonably well, but only if there is enough common sense remaining in the nation. I watch and wait...

[hunter112]

I'm putting all my spare cash into the only truly safe thing, and that's paying off my credit card debt. I've got one card that deals with the larger expenses that I don't really have the money to pay up all at once, like my semi-annual auto insurance premium, and besides, the insurer charges more for "interest" if you string the payments out for the six months, anyway! May as well get some frequent flyer miles out of the deal.

By the time I get the last card paid off this year, I will be able to re-evaluate a savings strategy, and that might just include cash in a safe deposit box, or some other such indestructable place. At least I will come out of this recession/depression with an intact high credit rating, I'd bet at least two-thirds of my fellow Americans are not going to be able to make that claim.