by directinfo » Wed 08 Feb 2006, 15:30:52
$this->bbcode_second_pass_quote('midnight-gamer', 'l')inlithgowoil wrote .. an 'extra' $15,000? what, like some people just have a few different lots of $15k sitting around?
I have a extra $55,000 sitting around. My wife and I only make a combined$42k per year. We saved that up in only a few years through careful savings.
Congratulations! Most of America is set about 10k back in cards and buried under a mortgage that threatens to overtake the value of their house pretty soon if not already.
You are in a unique position to use this crash as a way to benefit from the coming wealth transfer. Hopefully, you will also have the wisdom to move beyond that and be a preservationist organic producer among like-minded folks nearby a sustainable city-power and far from the zones of chaos.
The big moneyed folks that sit behind the Fed are positioned to gain from the crash, as they did last time in the 1930's. But they don't need to be the only ones to gain. This is common sense stuff once the fundamentals are established.
$this->bbcode_second_pass_quote('midnight-gamer', 'C')urrently, I have no inventments beyond a cd with no penalty for early withdrawl. I would like to invest some but I have not been able to bring myself to risk any. Seems like inaction could be a bigger risk. What is the safest investment I can make?
The biggest no-brainer boom investment that will boom at least 10 times investment (in real terms, in buying power terms) and no tax due upon sale is silver. Gold will do fine, but only one of the 6,000 year old wealth storage metals will boom far beyond the other.