What day do people bury their money?
Renew Deal
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Tue Jul-26-11 02:19 PM
Original message
What day do people bury their money?
How long until people start moving money to safer places? And what are those safer places?
PoliticAverse
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Tue Jul-26-11 02:20 PM
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1. Have you checked the price of gold lately ? n/t
Edited on Tue Jul-26-11 02:20 PM by PoliticAverse
Cirque du So-What
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Tue Jul-26-11 02:42 PM
Response to Reply #1
10. Q: how much gold do I need to purchase that crust of bread?
A: how much you got? (cue sound of shotgun being racked) I don't believe the old rules of supply & demand will still apply if the economy tanks.
PoliticAverse
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Tue Jul-26-11 03:17 PM
Response to Reply #10
11. Study what happened during the economic collapse in Argentina...
Poll_Blind
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Tue Jul-26-11 02:20 PM
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2. If you can find a good, stable credit union, that's the way to go IMO.
Keep the money in the community with community oversight. PB
hobbit709
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Tue Jul-26-11 02:21 PM
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RKP5637
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Tue Jul-26-11 02:21 PM
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4. Years and years ago my grandfather took his money, lots of it, and buried it all
in various locations in his backyard. Banks were failing all over the place.
Avalux
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Tue Jul-26-11 02:21 PM
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5. And what if that money doesn't have value any longer?
Makes me think all those people buying gold have wanted, and expected, our economy to go belly up.
RKP5637
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Tue Jul-26-11 02:23 PM
Response to Reply #5
6. For example, Glenn Beck. n/t
Renew Deal
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Tue Jul-26-11 02:24 PM
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7. Wait till they find out that there's not enough gold to satisfy delivery orders.
OwnedByFerrets
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Tue Jul-26-11 02:25 PM
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8. What money?? I have none to bury.
Myrina
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Tue Jul-26-11 02:31 PM
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9. Hah, I'm taking the max loan from my 401k this week and stashing it ..
... in my credit union (FDIC insured) in the event that a market downturn caused by a ratings downgrade would wipe a chunk of it out.
RebelOne
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Tue Jul-26-11 05:22 PM
Response to Reply #9
19. I have quite a few thousand in my Bank of America
savings account, which is FDIC insured. I cashed in my 401K and my IRA several years ago and put the money in a savings account. It was a lot safer there with the markets tanking. I am still deciding what to invest in. In the meantime, it is safe in the bank.
jwirr
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Tue Jul-26-11 03:22 PM
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12. The second half of your question is more important than the first. nt
H2O Man
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Tue Jul-26-11 03:24 PM
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to save their money -- it might be worth something, some day.
Lars39
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Tue Jul-26-11 03:25 PM
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14. Not with my nosy neighbors around.
cbdo2007
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Tue Jul-26-11 03:27 PM
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15. Oh good....more alarmist posts.
RebelOne
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Tue Jul-26-11 05:12 PM
Response to Reply #15
18. I agree. All the more to scare us. n/t
Riftaxe
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Tue Jul-26-11 04:51 PM
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16. Bury it? Why bother, soon it will come in as
a useful substitute for toilet paper and kleenex as we flood the market with it via "Quantitive Easing" 3.x election year edition.
slackmaster
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Tue Jul-26-11 04:52 PM
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17. If you don't already have something stashed, it may be too late
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