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targa911S 08-05-2011 02:26 PM

savings bonds?
 
I have a bunch of U.S. savings bonds, I mean it's not a fortune but being retired anything is good. They are all mature. Given the state of the economy and the stock market, bonds, etc. Would it be wise to cash them in before the excrement enters the impeller?

red-beard 08-05-2011 02:56 PM

Yes, and convert them to your favorite commodity. Gold/Silver/Platinum/Lead/real estate/food/etc.

krystar 08-05-2011 03:23 PM

firearms has been speculated more as good way of hedging against SHTF risk. :P

red-beard 08-05-2011 03:24 PM

that is considered "lead"

targa911S 08-05-2011 04:16 PM

That is good to know. My wife has been quacking about cashing them in. So now it's just what to do with the money where it will be comparably safe.

lukeh 08-05-2011 05:41 PM

If they are matured they earn nothing. Why wouldn't you turn them in when they pay 0%? If you liked the bonds look at I bonds.

imcarthur 08-05-2011 06:38 PM

Gold? While many say it is bubbling, an equal number seem to think it will continue to climb after a correction or two. As a long term investment, it certainly has remained steady. But I will be the first to admit that I know nothing.

From Kitco yesterday, an analyst claimed some Asian Central Banks were still buying - possibly even China & the wedding season is approaching in India etc etc etc. Who can tell? Bad news is good for gold.

I'm still holding. But would I buy? Well, no . . .

Ian

jcommin 08-06-2011 07:43 AM

There is a savings bond wizzard that you can load all of your Savings bonds and it will calculate the gains and tell you when they exactly mature, I have a bunch I bought in the late 80's early 90's and the don't mature for a few more yrs.

http://www.treasurydirect.gov/indiv/tools/tools_savingsbondwizard.htm

targa911S 08-06-2011 07:49 AM

yes we have used that and strangely enough we find that they are still gaining interest after maturity. We're cashing them in anyway.

legion 08-06-2011 01:40 PM

Quote:

Originally Posted by lukeh (Post 6179503)
If they are matured they earn nothing. Why wouldn't you turn them in when they pay 0%? If you liked the bonds look at I bonds.

Not necessarily. IIRC, bonds that are Series E and earlier continue to earn interest until redeemed. Bonds that are Series EE and later stop earning interest at maturity.

Oh, and I second the call for investing in lead.

targa911S 08-06-2011 02:02 PM

as you all know i have a good bit invested in lead. And yes ours are still bearing interest.


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