Cookie Jar or mattress are both looking very good right about now.
I gotta chuckle at guys like this Fox Business News Happy Hour Professor. He was tooting his horn about jumping in and buying Goldman when everyone else was selling. Sounds great right? It lost another 25% the next day. Whoops.
I understand this is the "industrial" money market, not the consumer money market.
Four years of canned food, a cabin in the hills, and a shotgun with lots of ammunition.
They've really got me nervous. I just laid down a wad of cash to get a small fortune out of Nigeria and I don't want to put it in a bank that can't be trusted. What should I do?
Where is a list of banks that are NOT invested in Mortgages?
Put it in classic ‘66 Mustangs.
E.g. Wal-Mart. Pine Creek Timber. Realty Inc. Add ~ 14 others of your choice.
Disclaimer: I own no WMT, PCL or O. Anyway as a British citizen the SEC can't touch me for talking up stocks :0)
Gold! (well, that’s what all the commercials on FNC and talk radio tell me)
Fertile land and guns.
About three years ago I spoke with a friend who deals in antique guns at gunshows. He’s retired from the military and also from a stint with law enforcement so he has a decent retirement income which he has invested in a variety of places. At that time though, he claimed that his guns were making more money than all the rest of his investments.
Since then I’ve watched the values of various guns. Unlike stocks and bonds or T-bills, they’ve all maintained or exceeded their values at the time I started watching.
Now I know that everybody doesn’t have a vault or hardened storage room for a bunch of wood and steel, so guns might not be the best investment for them. Anything tangible though, will be safe. Be it guns or old cars or real estate or just gold and silver coins, as long as it can be touched and passed on to someone else it will maintain its value.
In the past few weeks precious metals have dropped in price. To assume they’ll stay at the low they’ve reached or even drop much lower isn’t reasonable in my opinion. Value is established by a number of factors but most notably by scarcity. Old cars are valuable because most of them have been melted down. Real estate is valuable because very little of it is being made anymore. Guns are valuable because government is always trying to keep them away from the citizens and precious metals are precious because they are scarce. Until the supply of any of those things is increased beyond the demand they will retain their value.
Notice that I said “retain.” While some things may actually increase in value, thus showing a profit on an investment, others may only hold their value relative to the dollar. Those should be considered as safeguards against total financial meltdown. If things get so bad no one wants your ‘53 Buick or can pay for it if they did want it it’ll just sit in storage and you won’t be able to buy beans with the money you didn’t get for it. On the other hand, you might be able to trade a couple of Silver Eagles for food or medicine. Even if the prices for necessities are inflated you’ll still need them - unlike the Buick.
Gold and Euros. Are there gold euros? ;-)
Seriously.
Mattresses have been the bank of choice for over 1,000 years.
Just remember to withdraw your funds prior to donating your bank to the Salvation Army.
How about placing your money in farmland partnerships? I understand there is a pretty good ROE, but it is definitely a long term investment.