Quote:
Originally Posted by cantdrv55
Seriously.
I have to stash away a bit of cash ... can you think of another savings vehicle that is safe, liquid and still have a decent rate?
|
By "liquid" do you mean you will likely need to access this cash within the next few years?
If not, and you don't already have any insurance against a monetary collapse, I'd suggest precious metals.
With the trillions of U.S. dollars held as reserve currency by China, Japan and a few Middle Eastern countries -- and with the Federal Reserve and Treasury doing everything in their power to devalue the dollar (and provide "relief" through inflation on the overburden of debt in our economy) -- the risks of a monetary collapse (triggered by the foreign holders of dollars "dumping" them) is unbelievably high right now.
Precious metals are one of your best defenses against such a collapse.
Got gold?