Where is a safe place to put money then? I was thinking of government Tbills or Tbonds, through a Vanguard account. I’m leery of gold, but if 4plexowner can convince me otherwise, I’m open to putting some money there.
I still haven’t heard a good argument for buying gold, and whenever I post a question regarding how we would end up paying each other in gold, the poster mysteriously disappears.
It’s obvious they’ve not thought through how realistic the “gold is the only store of value and real money” argument is.
Warren Buffet is betting against the dollar by doing currency bets of some sort. He lost last year, as the dollar didn’t drop as he expected. Perhaps we should keep some savings in euros.
The next few years are delicate. It’s not certain how long the economy will remain resilient in the face of this housing and debt bubble. I’m considering moving from index funds, money market and stay in CDs, treasury bills/bonds, perhaps euros, perhaps more Berkshire Hathaway stock. I’m looking for some feedback here.