ECON What is the safest place for investments?

I am hesitant to ask this question because I already know some will say to take it all out and bury it in the yard. That's not an option for me. I can't get my DGI husband to agree to that so I need to put it somewhere that doesn't necessarily make any money, but will be there on the other side of this depression when I can reinvest it. Also, I realize I probably waited too long to do this, but if there is still time I want to try something.

xr

Here's what we did. We invested 2/3rds of our Keough in CD's. These are FDIC covered up to 250,000 per CD. Put less than the full amount in each so that any interest earned is covered too. The rest we left in the money market account within the retirement account. This is now protected by the insurance the government offered to the investment firms. Fidelity accepted the plan yesterday. Whatever the balance in the money market was on Sept 19th is how much is covered. This is good for 3 months. The government will look at the situation in 3 months and decide whether they need to extend it or not.

This is the best we could do. Sure the government could fail but bar that happening, this is the safest way to go IMO.

Gold? Silver? T-bills? Bank of Sealy ?? . . .

I suppose you could leave it in a bank; although you may not be able to get it out when you want it.

Just my 2 cents . . .

I think some type of account, may be a Keough I forget. You can keep actual metals in there. Not papers metal stocks but actual coins.

BTW My grandpa told me "Your best place to store you money in your pocket and keep you hand out of there" His version was more colorful.

He made it out of WW I alive and made his way into his own business and did very well. Wish he was around to chat.

If you are actively acquiring preps, supplies, tools, barterable goods, etc., and you know you'll still have plenty of cash and/or paper investments still remaining when finally done, then I'd also explore prudently diversifying and converting some % of that paper now into gold and silver bullion coins to be held at home, too.

When gold breaks new highs, as it most surely will, many here in USA then will wish they had gotten some or more, same as people are today in many other major countries/currencies where gold just now did hit, and blow through, all-time new record highs!

Such as in the Euro, British Pound, Aussie Dollar and Canadian Dollar. See them all here...
http://jsmineset.com/cwsimages/Miscfiles/6633_Charts_for_10-8-2008.pdf

Got God, Grub, Guns & Gold?
Panic Early, Beat the Rush!

- Shane

The simple fact no one in the mainstream financial media would tell anyone until recently is that gold has been outperforming EVERY major currency in holding its value/purchasing power for some time now. The charts Shane posted a link to are useful, but Jim Sinclair doesn't update those charts regularly so you can keep up with changes.

The charts here DO get updated every week- http://www.research.gold.org/prices/daily/ .

I shuffled money around various currencies for several years using Everbank, until it became apparent even that wasn't really keeping me ahead of the inflation game. So I went to the oldest game in town.

Safety? The safest place for scared money has ALWAYS been precious metals. Which is why it's harder and harder to find any PMs to buy- there is a LOT of scared money in the world today. Of course there are no guarantees in life or money, but trusting governments or companies to keep their promises to pay might be a dubious approach these days. That's why the financial system is seizing up- the banks don't even trust each other.

Here's another set of charts from a different source- http://www.usagold.com/gold-price-forex.html .

hth,

dd