To: TexasFreeper2009
"I was talking to my wife this morning about possibly puting our kids college savings into metals (not gold)" Commodities have to go up some time. It seems that the rest of the world is starting to move, it's just our economy that isn't, thanks to the dummy in the whitehouse.
Commodity markets are moving upwards slowly, which show there is increased activity in Asian markets driving up demand for raw materials. Copper have a good record for shooting up quickly.
To: Nathan Zachary
Well here is the problem, the kids saving accounts basically get zero interest. With the zero printing money to pay for everything the value of the dollar is going to nosedive. So basically they will be earning negative interest.
So I was suggesting to my wife we just take it all out of cash and buy something like silver or palladium coins (gold is overpriced at the moment) as a hedge against the collapse in the worth of the dollar being orchestrated by the zero.
66 posted on
09/17/2009 10:23:54 AM PDT by
TexasFreeper2009
(Obama lied, the economy died)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson