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I'm 24, should I just stick all my money in a safe?

Posted on 3/21/13 at 1:39 pm
Posted by UKWildcatsFAN
Bowling Green
Member since Sep 2011
5690 posts
Posted on 3/21/13 at 1:39 pm
Considering the events that have occured in Cyprus and the possible run on banks in countries like Spain & Italy why should I ever keep my money in a bank here in the US? With possible talk of raids on 401k accounts would it be smarter to just keep my money in a safe or invest in gold?
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41517 posts
Posted on 3/21/13 at 1:45 pm to
You'd be smarter to just give it to me and let me handle it.

Posted by AUtigerNOLA
New Orleans, LA
Member since Apr 2011
17107 posts
Posted on 3/21/13 at 1:47 pm to
quote:

With possible talk of raids on 401k accounts would it be smarter to just keep my money in a safe or invest in gold?


Cant tell if you are joking or not but if it came down to the govt seizing our 401ks, there will be an all out war within our own country. An apocolypse type event IMO.

All this talk right now is simply an overreaction to a small poor country having serious problems.
This post was edited on 3/21/13 at 2:01 pm
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 3/21/13 at 1:47 pm to
If you're gonna go all scaredy-cat on us, TIPS >> gold.
Posted by rintintin
Life is Life
Member since Nov 2008
16155 posts
Posted on 3/21/13 at 2:01 pm to
You're better off investing it in tangible assets than letting it lose value sitting in a safe.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 3/21/13 at 2:25 pm to
quote:

I'm 24, should I just stick all my money in a safe?


You have money?
Posted by Dead Mike
Cell Block 4
Member since Mar 2010
3375 posts
Posted on 3/21/13 at 3:03 pm to
I'd probably just burn it for warmth.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72458 posts
Posted on 3/21/13 at 4:19 pm to
SEND IT TO THAT NIGERIAN PRINCE HE WILL HOOK YOU UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted by LSURussian
Member since Feb 2005
126939 posts
Posted on 3/21/13 at 4:43 pm to
At 24 I understand your gullibility but you should not be so paranoid at such a young age.

Don't bet against America. Events like what's happening in Cyprus makes the USA look better to the rest of the world. That's why Europe wants to become the United States of Europe.

But they never will.....

Posted by LSURussian
Member since Feb 2005
126939 posts
Posted on 3/21/13 at 4:43 pm to
quote:

I'm 24, should I just stick all my money in a safe?



You have money?
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