What day do people bury their money?

[Renew Deal]

How long until people start moving money to safer places? And what are those safer places?

[PoliticAverse]

1. Have you checked the price of gold lately ? n/t

[Cirque du So-What]

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]

11. Study what happened during the economic collapse in Argentina...

every collapse is different but the Argentina case is illuminating:

See DU threads:

http://upload.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x88174
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x159581

And also: http://www.chrismartenson.com/blog/argentina-case-study-how-economy-collapses/59179

[Poll_Blind]

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]

3. Bury what money?

[RKP5637]

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]

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]

6. For example, Glenn Beck. n/t

[Renew Deal]

7. Wait till they find out that there's not enough gold to satisfy delivery orders.

:nuke:

[OwnedByFerrets]

8. What money?? I have none to bury.

[Myrina]

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]

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]

12. The second half of your question is more important than the first. nt

[H2O Man]

13. I tell people

to save their money -- it might be worth something, some day.

[Lars39]

14. Not with my nosy neighbors around.

}(

[cbdo2007]

15. Oh good....more alarmist posts.

[RebelOne]

18. I agree. All the more to scare us. n/t

[Riftaxe]

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]

17. If you don't already have something stashed, it may be too late