where are your saving?

Discussion in 'General Discussion' started by Bobitis, Oct 17, 2010.

  1. pinecone70

    pinecone70 Active Member

    Jul 30, 2008
    Minnesota Gal!
    Yep. I just spoke to a rep from my bank, the best they can do for high-yield savings is .65%, yet they can give me 3% on the first $500. Sad.
     
  2. AngelDeville

    AngelDeville Member

    684
    Aug 28, 2007
    ABQ
    I have about 1k lbs in lead bars, they can be cast into any caliber, and exchanged for goods and services.
     

  3. Shooter45

    Shooter45 *Administrator* Staff Member Supporting Member

    Feb 9, 2001
    Here at TFF
  4. Jeff Midguard

    Jeff Midguard New Member

    233
    Aug 31, 2010
    Baja Arizona
    Good idea on the lead, Angel. Gold might actully have a better ballistics coefficient, but might be a bit pricy.
     
  5. dons2346

    dons2346 Well-Known Member

    My daughter works for a bank in West LA. (That's Kalifornia to most of you). She is in upper management, not a lackey at the window.At the present time, she doesn't have a clue as to where to put your money.
     
  6. fleetwood1976

    fleetwood1976 Well-Known Member

    Feb 22, 2009
    Southern Indiana
    virtually no cash here.
     
  7. Trouble 45-70

    Trouble 45-70 New Member

    HAZMAT and EPA cops should be at your place about 02:40 tomorrow.
     
  8. fleetwood1976

    fleetwood1976 Well-Known Member

    Feb 22, 2009
    Southern Indiana
    cash is the worst thing to be invested in. Metals, guns, ammo, coins, scrap silver and gold. If you can buy these items at wholesale or less, put your money in these things.
     
  9. Gun Geezer

    Gun Geezer Well-Known Member

    Oct 5, 2009
    Central Florida
    An old high school buddy of mine is a financial planner. He has given me a few tips but over the past few years we have both lost our shirts in the market.(at least half our shirts) He still believes "staying the course" will, over the long run, average out to our best advantage. His argument, of course, is past performance over the last 50 years. He doesn't seem very receptive to my argument that the present economy is nothing like what we experienced in the 50 past years.
    My main problem is, I'm close to 70. The long run just ain't what it used to be. I'm worried about today and hopefully tomorrow.
     
  10. Bobitis

    Bobitis Guest

    I guess what really irks me is, I can use their money at 8%, but they can use mine at .2%. That's a 97% difference.:mad:

    And this is a National Guard Credit Union!:eek:

    I could see a 60/40 split, or even 70/30. But 97/3?:mad:

    Not only that, but my 'free' checking now costs me 5 bucks a month.
    I write 3-4 checks a year.:confused:

    So much for credit unions...:(
     
  11. NRA_guy

    NRA_guy Member

    291
    May 31, 2010
    Mississippi
    States have usury laws that limit interest rates, but Uncle Sam knows better than the states:

    http://en.wikipedia.org/wiki/Usury

    http://www.lectlaw.com/files/ban02.htm
     
  12. Rocketman1

    Rocketman1 Well-Known Member

    Jan 1, 2010
    Columbus, Ohio
    Stock up on guns, ammo, food and survival gear. If this country goes belly up, (which it will) any money you invest in a bank, bonds, IRA or 401k will be gone, gone, gone.
     
  13. Jeff Midguard

    Jeff Midguard New Member

    233
    Aug 31, 2010
    Baja Arizona
    Good Luck Geezer, and everyone else approaching retirement. You're right that it aint like it used to be. Cash is definitely a bad idea. Currency devaluation might be one of the only options available to reduce the deficit.
    Keep in mind that your advisor will be among the unemployed if he can't instill a certain amount of confidence in his investors.
     
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