[coyote]

$this->bbcode_second_pass_quote('Torjus', '-') Much of the silver in the world has been spent for industrial purposes. But because we don't use silver for money anymore (or yet) that loss isn't calculated into the current price. When the need comes for using silver as money again, it will be far more precious when it used to.

[Revi]

We're out of debt next year. Then I'm thinking of building the ultimate earth bermed bug out spot. Not too far away, but undetectable from the road, like MD's idea. Stovepipe pokes up, smoke goes up through the trees. Facing south with solar panels and solar hot water, fed from a spring. The way I see it, people in the area may know we're there, but people marauding from some other place would have no idea. It would be the ultimate safe haven. The only problem is getting the cement poured in there without disturbing too much vegetation. I still haven't got the right land for it, but I have some ideas. I don't want to go into debt to do it, but maybe it makes sense to borrow now so that you have some place to go later.

[TorrKing]

$this->bbcode_second_pass_quote('coyote', '')$this->bbcode_second_pass_quote('Torjus', '-') Much of the silver in the world has been spent for industrial purposes. But because we don't use silver for money anymore (or yet) that loss isn't calculated into the current price. When the need comes for using silver as money again, it will be far more precious when it used to.

[topcat]

MD said:

[fade]I am selling everything and investing the proceeds in the future; in a direct and concrete fashion.[/fade]

MD, Anything in particular you can share with us on this?

If you do follow Plan B, just remember ya kant call em rednecks, theys gotta be called Appalacian Americans nowadays.

[Revi]

Silver seems like a good move now. I like old US coins like peace dollars and other pre-1964 coins. They are about 90% silver and a silver dollar contains about .78 of an ounce of silver, so you can pick one up for around $10 now, or maybe a little more. The value may go up and down, but the trend is obviously up. A quarter is worth around $2.50 now, so that shows that all money is worth about 1/10 of what it was then. And you can buy them a few at a time. I call it the poor man's hedge fund.

[MD]

$this->bbcode_second_pass_quote('EnergyUnlimited', 'I') think, it is a time to pay off debt, not to take any more of it.
.....

[pea-jay]

Okay what about this arguement.

Take out a mortgage you can service in the near term on a property with long term value (e.g. farmable) even if you have some doubt about the economy remaining strong enough to stave off mass bankruptcies, forclosures and the like.

Be able to service the loan long enough so you dont get tossed out in the early waves of forclosure

Cease to pay it when the currency collapses/or pay it completely off if it inflates out of sight.

Live happily ever after (or until the starving hoardes descend upon your property)

Ugh. Nevermind. Is this even an excercise worth undertaking.

[Revi]

Pea Jay, I think it's an exercise worth pursueing. Why not? If the economy holds up you have the ultimate get-a-way out in the woods. It would be practically unassailable since it will be built out of concrete buried in the ground. Only one side open to the weather, and you could make that hard to find. I think it's a fun exercise in sustainability. A loan taken out for something like that is an investment. You're certainly not throwing your money away. (or the bank's)

[Roy]

$this->bbcode_second_pass_quote('', 'O')kay what about this arguement.

Take out a mortgage you can service in the near term on a property with long term value (e.g. farmable) even if you have some doubt about the economy remaining strong enough to stave off mass bankruptcies, forclosures and the like.

Be able to service the loan long enough so you dont get tossed out in the early waves of forclosure

Cease to pay it when the currency collapses/or pay it completely off if it inflates out of sight.

Live happily ever after (or until the starving hoardes descend upon your property)

Ugh. Nevermind. Is this even an excercise worth undertaking.

[eXpat]

EnergyUnlimited wrote:
$this->bbcode_second_pass_quote('', 'I') think, it is a time to pay off debt, not to take any more of it.
.....

[keehah]

Thats my plan Pea-Jay.
And I did buy some silver with credit in 2005 ($7.00oz).

[Revi]

Buying silver on credit a couple of years ago was a good move, but buying it now at $14 on credit may not be. Who knows what the roller coaster is doing? We could be going into a deflationary period, or we could resume the commodities ride. The only thing that's certain is death and taxes. I'm not borrowing now.

[cube]

$this->bbcode_second_pass_quote('MD', '.')..and. invest them in sustainable infrastructure.

Fixed rate of course.

Basis:

Future dollars may come cheap(understatement)

Even if you lose the bet, you have improved the system.

[Revi]

I think that there are a few things worth buying in the US, but it's hard to find them. They certainly aren't the things that we are advertized about every day. Anything that they have to push so hard to sell isn't worth buying. The thing is that the housing market is tanking, so most real estate is not worth buying right now. I don't trust the stock market anymore, and there is no sense in buying anything that burns more gas and oil. Silver has already had a run up, and may go higher, but it won't double as quickly as it has in the past few years.

The only things I'm investing in are a new small pickup truck and some improvements to our solar hot water and PV electricity. Otherwise, we're not doing anything. Just waiting for what's coming.