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To: unkus
I have a friend at work who had about $7 k in savings/checking and he took out $3k to “put under the mattress”. Do you think he was prudent?

That's not going to offer much protection against inflation. $3K won't buy much in hard assets. At that level, one should probably think food, ammo, and fuel.

9 posted on 09/11/2009 7:24:07 PM PDT by PAR35
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To: PAR35

That’s not going to offer much protection against inflation. $3K won’t buy much in hard assets. At that level, one should probably think food, ammo, and fuel.
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I told him it would be good to have that on hand if the banks closed for a “holiday”.

I dread to think where we will be a year from now.


10 posted on 09/11/2009 7:40:09 PM PDT by unkus
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