Posted on 01/23/2009 12:27:03 PM PST by Golddigger3
Mr. mm read an article recently in the Economist about the comparison of investments and which would leave you in the best shape right now, and the verdict was that the mattress is the best.
Don’t sweat it. FR has been slow for me and sometimes it’s hard to know if the post went through cause it was FR or your own computer.
Dupes happen....
I agree. Scamming the system is immoral and unethical.
If they can’t afford the credit card debt, they shouldn’t have them.
At the point that ETFs from major member banks collapse I think lead will be more valuable than gold, and tuna fish may be more valuable than that.
Because we have deflation right now and what you buy today will cheaper six months from now
The purchasing power of the money in your mattress is increasing
Go buy gold ETFs.
But I would also take Olivia Newton John's sage advice -- "Let's get physical"
You can do both
Great advice. I do both. The tax bit to convert my ETF to physical would be about 40%! So, I'm reluctant still.
Wheeling and dealing is fine except for the tendency for politicians to throw the wheelers a life vest composed of an anvil with a chain welded to it and attached to the middle classes legs...
If you refused them credit, you were/are a racist, or "against the poor", etc...
The point I was trying to get at here is that there were honest middle class people who merely needed to purchase a residence and did so within a period where the crookedly manipulated markets created unrealistic valuations. If they have a choice between being relegated to debt servitude or defaulting on one of the crooked institutions that created this environment, so be it.
I'll take a harder line on these people when the government and the money center banks get back to using real money that has a realistic rate of supply growth and can't be pyramided 60-1 from thin air...
Thank you. I am unsure what to do.
Looks like the US operations of TD Bank NA (it changed its name last year) are FDIC insured. Beyond suggesting that everyone keep their balances below the insured limits, I’m reluctant to give specific advice, since it’s hard to really tell what is going on from the publicly available information. I’m personally sitting tight with some money in a megabank, some in a credit union, and a little bit chasing higher yields.
Thank you
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