Makes sense to me. A bird in hand is better than two in the bush . This is why alot of mine is in land , lead , aluminum , steel , copper , silver, weapons , gold, tools , seeds, trees , water , etc
Need some answers - how to protect savings
- Thread starter cbc58
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Makes sense to me. A bird in hand is better than two in the bush . This is why alot of mine is in land , lead , aluminum , steel , copper , silver, weapons , gold, tools , seeds, trees , water , etc
I like it , started , seriously in 1987 or before , I cannot remember, maybe 1979.Maybe , 1972 or before .
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I like matches .
i don't trust bankers at all. just received a notice in the mail after selling a small position of stock and going to cash. the notice says that, even though my online account says it's in cash, it is actually in a non FDIC insured money market reserve fund - not in cash. so NO protection whatsoever.
these are the games bankers play and unsuspecting consumers are going to wonder WTF happened at some point.
these are the games bankers play and unsuspecting consumers are going to wonder WTF happened at some point.
osan
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That isn't going to help you much if (when) the "money" turns to poo. OK, you have $250K. What good is it if a loaf of bread costs $272K?
I know... can't happen here.
helmuth_hubener
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In my humble opinion, a good money market fund is actually significantly safer than a bank account, in some very important ways.
Unfortunately, chances are that the default fund your proceeds went into is probably not a particularly good one. That is, it's probably not conservative enough for my taste for what you want in a cash position. Cash is for safety, at least that's one big purpose for it.
The safest way is to just own US Treasury Bills directly.
L
LibForestPaul
Guest
How did people protect their money in Argentina, or every other country that had "bank holidays", re-valuations, currency controls?
Answer, they didn't, they got fucked. Sell your soul or be poor, your choice. Government largess, government contracts, government pensions, that is how you protect your savings. Foist your liabilities on the people, and do not enter into free markets.
i.e. Shmooze with those in power.
Answer, they didn't, they got fucked. Sell your soul or be poor, your choice. Government largess, government contracts, government pensions, that is how you protect your savings. Foist your liabilities on the people, and do not enter into free markets.
i.e. Shmooze with those in power.
IDefendThePlatform
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Yes, ZIRP combined with many laws and regulations making it difficult to invest money in local business ventures or to issue ownership in small companies without tons of redtape and expense. Wall Street is incredibly bloated and would be due for a major correction if these ridiculous regulations were ever eliminated.
Pauls' Revere
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Well, you might have to renounce your U.S. citizenship due to FBAR and FATCA.
http://www.iexpats.com/fatca-fbar-fears-us-expats/
[Sic] FATCA and FBAR are important tools for the IRS because the USA and Somalia are the only two nations in the world to tax their expat citizens on their worldwide incomes and capital gains. - See more at: http://www.iexpats.com/fatca-fbar-fears-us-expats/#sthash.bkbMvwuE.dpuf
http://www.iexpats.com/fatca-fbar-fears-us-expats/
[Sic] FATCA and FBAR are important tools for the IRS because the USA and Somalia are the only two nations in the world to tax their expat citizens on their worldwide incomes and capital gains. - See more at: http://www.iexpats.com/fatca-fbar-fears-us-expats/#sthash.bkbMvwuE.dpuf
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