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re: Serious question about long term planning.
Posted on 4/10/14 at 7:59 pm to SECdragonmaster
Posted on 4/10/14 at 7:59 pm to SECdragonmaster
quote:
My question is this. I do not trust the American economy at all.
Why not? It seems to have done pretty well for you so far.
quote:
I want to sell most everything (stocks, house, condo, office bldg) and pocket the cash.
Where are you going to live? I assume the office building is generating an income - how are you going to replace that?
quote:
But I do not know what to do with the cash. Divide it into gold, silver, and cash? Put it in an offshore bank acct?
Okay - a modest amount of gold coins might not be terrible, but why hold cash? If there is a major economic collapse, what good is U.S. currency?
Offshore bank? In the case of an economic collapse, how are you going to get that money out?
quote:
I make a great income and have 30 plus years until I retire.
What good is all of that if there is a major economic collapse? Will that job be there? What good will the money be from income if there is a collapse?
quote:
I just want to place it somewhere safe for WHEN the bottom falls out of this economy.
I don't even know where to begin.
I guess it depends on what emergency you're expecting. Bonds would be something that is not typically volatile in the short run - but you don't want to "invest" in anything...
===
Buddy - I guess my best advice is to stock up on Coleman fuel, firearms, ammunition, dried food and bottled water.
Good luck with it.
Posted on 4/10/14 at 8:06 pm to Ace Midnight
quote:
Ace Midnight
I find it hard to believe this guy is serious.
He wants to sell most everything he owns and invest it in gold, silver or cash because he doesn't trust the american economy. But he also has thirty years until he retires from the great job with a great income in the same economy he doesn't trust. hmmmmmmm
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