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<blockquote data-quote="Running Arrow Bill" data-source="post: 1155356" data-attributes="member: 9"><p>While interest rates are at all time low (almost invisible) one might just as well keep their CASH in a mayonaise jar close by. Stock markets, "investments", mutual funds, etc., are all very volatile options and the brokers ALWAYS get their commission regardless of whether you win or lose.</p><p></p><p>Gold and silver "might" be a viable hedge. However, to buy any one has to pay inflated prices (e.g., coins) at much higher than the intrinsic value of the gold or silver they contain. One would never recoup what you paid for them if you tried to cash them in or spend them (face value only).</p><p></p><p>I can eat my garden or my cattle. You can't eat gold, silver, jewelry, and other "stuff", however. As long as my wells hold out, I have water. If it ever rains here enough I could collect water to stockpile.</p><p></p><p>Cash, ammo, food, fuel, water, and animals are all items to barter as needed...if one has them on hand.</p><p></p><p>Don't get me started on "investment counselors" or similar people to "manage" your money and/or assets...</p><p></p><p>As long as banks are solvent and the FDIC is viable then they are relatively "safe" depositories...unless of course our "govment" messes with things...keep fingers crossed patriots...</p></blockquote><p></p>
[QUOTE="Running Arrow Bill, post: 1155356, member: 9"] While interest rates are at all time low (almost invisible) one might just as well keep their CASH in a mayonaise jar close by. Stock markets, "investments", mutual funds, etc., are all very volatile options and the brokers ALWAYS get their commission regardless of whether you win or lose. Gold and silver "might" be a viable hedge. However, to buy any one has to pay inflated prices (e.g., coins) at much higher than the intrinsic value of the gold or silver they contain. One would never recoup what you paid for them if you tried to cash them in or spend them (face value only). I can eat my garden or my cattle. You can't eat gold, silver, jewelry, and other "stuff", however. As long as my wells hold out, I have water. If it ever rains here enough I could collect water to stockpile. Cash, ammo, food, fuel, water, and animals are all items to barter as needed...if one has them on hand. Don't get me started on "investment counselors" or similar people to "manage" your money and/or assets... As long as banks are solvent and the FDIC is viable then they are relatively "safe" depositories...unless of course our "govment" messes with things...keep fingers crossed patriots... [/QUOTE]
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