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Need financial advice, what about my savings?

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AlphaCentauri Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:37 PM
Original message
Need financial advice, what about my savings?
Edited on Wed Sep-24-08 08:38 PM by AlphaCentauri
Should I invest in gold? or exchange them for euros?

any ideas?
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MichaelHarris Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:42 PM
Response to Original message
1. I'm buying
wheat. It's abundant, it's right next to me, and I can eat it.
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bananas Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:51 PM
Response to Reply #1
2. Are you related to Zonker Harris?
He had a wheat patch at Walden Pond.

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mdmc Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:55 PM
Response to Reply #2
5. yes he sure did
poor Zonk had millions, but now has a Mcjob....
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MichaelHarris Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 09:07 PM
Response to Reply #2
9. wheat and
pot, that's all we really need.
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AlphaCentauri Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-25-08 11:46 AM
Response to Reply #1
12. Cereals? not a bad idea.
food shortage and labor may increase the price of those products
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magellan Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:52 PM
Response to Original message
3. My savings are in a coin sorter in the dining room
So I can't help you.
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mdmc Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:56 PM
Response to Reply #3
7. My savings are in dollar coins
I figure if the economy tanks, I can at least melt them down or use them with a slingshot
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avaistheone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:53 PM
Response to Original message
4. Go to Suse Orman's web page she is offering ideas for these "troubled" times.
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sniffa Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:55 PM
Response to Original message
6. Must be nice to have a savings
:(

Not shitting on you at all btw (I know it's just a matter of time till we get there), just pointing out those of us who don't and beating the real Debbie Downers to this thread.

I'd advise withdrawing it and keeping it under your mattress. :D
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 08:57 PM
Response to Original message
8. invest in coffee can and mattress futures! Actually i'm going to find a local credit
union and see what they ahve to offer, they seem a bit more stable.
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 09:09 PM
Response to Original message
10. Both gold/silver and euros are a good idea.
Edited on Wed Sep-24-08 09:10 PM by utopiansecretagent
Food, guns, ammo, fuel.
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unkachuck Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-24-08 09:27 PM
Response to Original message
11. I tell you what I did....
....I took what little I have out of everything with a 'wait and see' attitude (I'll forgo the puny interest)....they may inflate/devalue my dollars or they may try to tax them away....

....if they inflate, I'll rapidly purchase things I need and can trade....if they try to tax, I'll be broke....

WARNING: I don't know the slightest thing about investing....I'm going solely with my gut and what I think is a street-wise solution....
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