Feeling All Alone--Why Others Don't Understand Stackers - Page 2

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Author	Replies: 18 / Views: 2,531	Page: of 2

Ed_B Pillar of the Community United States 4008 Posts	Posted 09/18/2011 7:54 pm Quote: How much would you have made if you took the money out of stocks when you did and put it in gold, silver, oil, or corn? Probably more but perhaps not. Some boneheaded group in charge of commodity futures might have raised the cost of futures contracts and created HUGE losses. Hard to say what would or might have happened. What I CAN say is what DID happen and that was satisfactory to me given the market conditions at the time. Quote: You did better than you could have in this case, but that's like me saying I did better than if I got into POGs or Beanies, which I avoided. And I'm still proud of the year I made $3 million more than Amazon. That is the crux of it all, isn't it? Better WAS done. Quote: Whatever works for you, but I can see FRNs' track record since 1934, and it is a pretty consistent loser. I'm thinking that we agree more than not, Fredd. I am certainly not going to hold the bulk of my wealth in FRNs for the 77 years that it would take to establish a new record from now going forward that would compare to your 1934 example. As I have said before, this IS a respite of but a few months. In fact, I already reinvested about $200k a week ago. More will follow. Including substantial investments in PM miners and farm commodities. It will be fine. If not, then I still have my physical silver and perhaps some soon to come physical Pt. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 09/18/2011 7:58 pm Quote: I recall reading recently about a bank that will allow you to have accounts in several different currencies, perhaps even on ccf. Start your search there. Indeed so. One that I recall was a bank in Florida called EverBank. They have CDs that you can buy that are denominated in various currencies or baskets of currencies. IIRC they are all of fairly short duration but it should be possible to roll them over into new versions as they come to maturity. In addition, they also offer PMs but I don't remember if that was strictly in IRAs or in other vehicles, such as PM-backed CDs. Might be worth checking them out. Report this Post to the Staff
biggfredd Rest in Peace United States 9104 Posts	Posted 11/06/2011 02:53 am Quote: You could just drive across the border with less than ten grand in USD I supose, but the bank bgfrd mentions I think is Eversbank, or Everbank You'd think so, but the TSA is now jerking people around for even under $20 in change. Report this Post to the Staff
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