Saving Money…where?

[scaredyclassic]

I have about $50,000 in cash in the bank. Normally, I’d feel pretty safe about having cash in the bank. Frankly, cash itself feels riskier than risky investments now. I’m scared, not sure of what, but of something weird happening to us dollars. Not much more excited about other currencies. i’ve been dollar cost averaging into gold stocks, gold and silver etfs, oil, and agricultural commodities for the last 3 months. What’s your take? Is it fine to just leave money sitting in the bank? Or is it actually more prudent to put it in stuff, that cannot actually be printed, like dollars. I don’t plan to touch the money for a couple years probably. Am i taking undue risk? “Savers” are being and will probably continue to be punished. I hate to be a sitting duck for massive inflationary policies.

[34f3f3f]

You’re in the same boat as many others here, and I guess where you put your money in these uncertain times depends on your taste for risk. Cash or US Treasuries are almost certainly the safest places. You are well covered by FDIC insurance for the former. If you don’t like the idea of filing a claim, and are OK with low rates, look for banks with little exposure to toxic lending. Gold has been popular as a hedge, but probably would have been better if you’d bought a while back. The US$ has actually gained ground against many currencies, although I believe there will be efforts to keep it weak. The question is if not the dollar, then what are the alternatives? I’d keep it simple, and stay in cash until we’re out of the woods.

[34f3f3f]

You’re in the same boat as many others here, and I guess where you put your money in these uncertain times depends on your taste for risk. Cash or US Treasuries are almost certainly the safest places. You are well covered by FDIC insurance for the former. If you don’t like the idea of filing a claim, and are OK with low rates, look for banks with little exposure to toxic lending. Gold has been popular as a hedge, but probably would have been better if you’d bought a while back. The US$ has actually gained ground against many currencies, although I believe there will be efforts to keep it weak. The question is if not the dollar, then what are the alternatives? I’d keep it simple, and stay in cash until we’re out of the woods.

[34f3f3f]

You’re in the same boat as many others here, and I guess where you put your money in these uncertain times depends on your taste for risk. Cash or US Treasuries are almost certainly the safest places. You are well covered by FDIC insurance for the former. If you don’t like the idea of filing a claim, and are OK with low rates, look for banks with little exposure to toxic lending. Gold has been popular as a hedge, but probably would have been better if you’d bought a while back. The US$ has actually gained ground against many currencies, although I believe there will be efforts to keep it weak. The question is if not the dollar, then what are the alternatives? I’d keep it simple, and stay in cash until we’re out of the woods.

[34f3f3f]

You’re in the same boat as many others here, and I guess where you put your money in these uncertain times depends on your taste for risk. Cash or US Treasuries are almost certainly the safest places. You are well covered by FDIC insurance for the former. If you don’t like the idea of filing a claim, and are OK with low rates, look for banks with little exposure to toxic lending. Gold has been popular as a hedge, but probably would have been better if you’d bought a while back. The US$ has actually gained ground against many currencies, although I believe there will be efforts to keep it weak. The question is if not the dollar, then what are the alternatives? I’d keep it simple, and stay in cash until we’re out of the woods.

[34f3f3f]

You’re in the same boat as many others here, and I guess where you put your money in these uncertain times depends on your taste for risk. Cash or US Treasuries are almost certainly the safest places. You are well covered by FDIC insurance for the former. If you don’t like the idea of filing a claim, and are OK with low rates, look for banks with little exposure to toxic lending. Gold has been popular as a hedge, but probably would have been better if you’d bought a while back. The US$ has actually gained ground against many currencies, although I believe there will be efforts to keep it weak. The question is if not the dollar, then what are the alternatives? I’d keep it simple, and stay in cash until we’re out of the woods.

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