Vanity - Since the election, what are you doing with your money?

11/20/2012 | 4everontheright

[4everontheRight]

I heard recently that a lot of "wealthy" Americans are selling off their wealth. I am not by any means "wealthy" but really, what does that mean? Government wealthy? Own my own home wealthy? Just wondered what FReepers are doing? Selling? Buying?

[Go Gordon]

I’ve been working very hard to scrape together about $20 for seeds this spring. That’s the extend of my spending money.

Do yourself a favor and harvest the seeds from your crops for the next year's plantings. I have been doing that for a few years and its saves a bunch of money and my harvests have gotten progressively better each year.

[teletech]

What money?

[null and void]

Think with your big head, big guy, think with your big head...

[PeterPrinciple]

Is there anyone here familiea with self directed IRA’s or willing to set up a mutual association to keep costs down?

[timestax]

[tiki]

I have a few old silver coins.

You are right about the currency, I was going through my MIL’s stuff the other day and found some nice denomination Mexican coins, I looked them up on the internet and they are worthless because the Mexicans changed the currency.

[X-spurt]

Not bad idea!

Seeds too, except not sure how long they would still be viable.

Sure had hoped the USA would last longer than me. Would be a bitch to starve to death in the Land of milk and honey at 70.

[Jane Long]

Good for you that you can lease out your building. Sounds like occupancy in LA is doing well.

[Errant]

For those wishing to make their escape, here's a little video that shows how it's done:

http://www.youtube.com/watch?feature=player_detailpage&v=fioFJz1ON0I

[familyop]

"Took a third of money to Canada."

Interesting. Canada is and will be a big energy exporter--the kind of country that may do well in the future.

IMF considering loonie as reserve currency
http://freerepublic.com/focus/f-news/2961278/posts

[Georgia Girl 2]

We are buying the best retreat in the mountains we can afford, setting it up with an off grid solar backup system, chickens and raised bed gardens. We are going Galt before the crash.

[Charles Martel]

Heh... I kinda figured post #25 was yours, even before I scrolled down far enough to see the name.

[tiki]

Yes, but inflation could still make it worthless.

[JCBreckenridge]

actually, to be honest - right now it’s looking like it’s not going to work out, so next month I’ll be back on the Galt.

[blueunicorn6]

Thank-you. I’m sorry to be so stupid about money. I understand from the videos that Goldman is getting a percentage for handling money. Is a T-bill the same as a T-bond? I understand that in order to borrow money, the government will have to pay interest. The government is offering, or is only willing to pay, a low interest rate to borrow money so no one wants to loan them money? So the government prints more money. Here’s the really stupid question: how does the government know how much money to print?

[bgill]

You can’t bug out very far on a river.

[discostu]

Enjoying it, same as before.

[JCBreckenridge]

Actually, Canada is not a great place to put your money. All it takes is one socialist administration and they’ll be right back where they were.

The US is still a better bet than Canada, just from looking at the demographics.

[Eva]

Would it be better to retire in 2012, before the taxes go up?

[MileHi]

What money?

Exactly. No one is hiring older guys either.

Enjoy the bird Sax!