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To: politicket

“Cash is king. Gold and silver are good hedges, but I firmly believe they will be dropping significantly in value (along with all other commodities). Expect gold to drop below $800/oz and silver to go below $10/oz”

But where to keep it? In the freezer, lol? Also, what currency?


44 posted on 09/30/2009 12:37:47 AM PDT by FreeStateYank (I want my country and constitution back, now!)
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To: FreeStateYank
But where to keep it? In the freezer, lol? Also, what currency?

It would be really nice if there was a "bank" that could keep cash safe, and charge a fee for the service.

This bank would not be able to lend the money out, it would just be safe in their vault.

The owner of the money could then decide what investment strategies they wanted to do with their capital, and banks wouldn't be able to use that money as part of their fractional reserve to enslave others to debt.

It would be the same concept as a storage facility for your household goods - except it would be to store your money.

I'm not sure what you mean by "what currency". If you mean whether to hold U.S. dollars versus another currency then I would tend to hold the dollars.

46 posted on 09/30/2009 1:01:00 AM PDT by politicket (1 1/2 million attended Obama's coronation - only 14 missed work!)
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