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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)
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To: TexasFreeper2009

Silver coins may be ok, if you can buy them for oz value prices. I think that market is heavily oversold. Bad things can happen, fast, and it isn’t so easy to get rid of quickly.

I think copper is safest, and most promising.

Whatever you do, do something, cash isn’t a good thing to have too much of right now with the shape our dollar is in, and the forces working against it.


76 posted on 09/17/2009 10:44:53 AM PDT by Nathan Zachary
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To: TexasFreeper2009

I like Morgan Silver Dollars.


89 posted on 09/17/2009 12:01:11 PM PDT by CPT Clay (Pick up your weapon and follow me.)
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