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  • February 17, 2009 at 1:47 PM #15080
    pertinazzio
    Participant

    Hi

    I last participated as a forum member in fall 2007. At that time I was still living in Washington D.C. Finally, after many adventures with demented relatives, my wife and I finally made it to SD. Currently we live in the Village at Morena Vista right next to the trolly tracks.

    Although I haven’t chimed in for a quite a while, I have been an assiduous reader. In general this site has been right on target about the direction and duration of the downturn. I remember telling my wife in Oct 2007 that the consensus piggington view held that the bottom would be years in the future, which was unfathomable to her. Now she is onboard and we both believe that we are in for a good long period of difficult times. So thanks a lot for the insights.

    Preliminaries aside, I turn to my actual motive for posting now: we are trying to figure out what to do with some CDs maturing in early March. With the one criteria that the funds be kept safe, what are your suggestions? We will be very grateful to know that your advice is.

    Pert

    February 17, 2009 at 2:10 PM #347941
    scaredyclassic
    Participant

    nothing is safe.

    but i’d say roll 85% over to another CD, 15% gold (1/2 CEF, 1/2 GDX).

    February 17, 2009 at 2:10 PM #348261
    scaredyclassic
    Participant

    nothing is safe.

    but i’d say roll 85% over to another CD, 15% gold (1/2 CEF, 1/2 GDX).

    February 17, 2009 at 2:10 PM #348378
    scaredyclassic
    Participant

    nothing is safe.

    but i’d say roll 85% over to another CD, 15% gold (1/2 CEF, 1/2 GDX).

    February 17, 2009 at 2:10 PM #348409
    scaredyclassic
    Participant

    nothing is safe.

    but i’d say roll 85% over to another CD, 15% gold (1/2 CEF, 1/2 GDX).

    February 17, 2009 at 2:10 PM #348511
    scaredyclassic
    Participant

    nothing is safe.

    but i’d say roll 85% over to another CD, 15% gold (1/2 CEF, 1/2 GDX).

    February 17, 2009 at 3:22 PM #348037
    macromaniac
    Participant

    Sure. Put it in the Stanford CD… I hear their returns are out of this world. Just make sure you pull out your principal before the U.S. Marshall shows up with the battering ram….

    I would go Cash,Gold and Silver Coins and buy, I know this sounds crazy, a lot of canned foods like tomato based products. We are going to see big time inflation on these items because of the drought.

    I hit up Costco once a week and stock up on food and water. People think I am crazy…that’s OK…they thought the same thing when I bought long puts on WAMU and Wells Fargo. I can live with the stigma.

    I just went to Wells today and pulled out a large sum of cash. The girl looked at me like I just stepped out of the Starship. I told her they don’t pay me any interest for lending 10 times my deposits at an average of 6.0%. She just looked at me again like….wow…I never thought of that….

    Good luck….

    February 17, 2009 at 3:22 PM #348355
    macromaniac
    Participant

    Sure. Put it in the Stanford CD… I hear their returns are out of this world. Just make sure you pull out your principal before the U.S. Marshall shows up with the battering ram….

    I would go Cash,Gold and Silver Coins and buy, I know this sounds crazy, a lot of canned foods like tomato based products. We are going to see big time inflation on these items because of the drought.

    I hit up Costco once a week and stock up on food and water. People think I am crazy…that’s OK…they thought the same thing when I bought long puts on WAMU and Wells Fargo. I can live with the stigma.

    I just went to Wells today and pulled out a large sum of cash. The girl looked at me like I just stepped out of the Starship. I told her they don’t pay me any interest for lending 10 times my deposits at an average of 6.0%. She just looked at me again like….wow…I never thought of that….

    Good luck….

    February 17, 2009 at 3:22 PM #348473
    macromaniac
    Participant

    Sure. Put it in the Stanford CD… I hear their returns are out of this world. Just make sure you pull out your principal before the U.S. Marshall shows up with the battering ram….

    I would go Cash,Gold and Silver Coins and buy, I know this sounds crazy, a lot of canned foods like tomato based products. We are going to see big time inflation on these items because of the drought.

    I hit up Costco once a week and stock up on food and water. People think I am crazy…that’s OK…they thought the same thing when I bought long puts on WAMU and Wells Fargo. I can live with the stigma.

    I just went to Wells today and pulled out a large sum of cash. The girl looked at me like I just stepped out of the Starship. I told her they don’t pay me any interest for lending 10 times my deposits at an average of 6.0%. She just looked at me again like….wow…I never thought of that….

    Good luck….

    February 17, 2009 at 3:22 PM #348504
    macromaniac
    Participant

    Sure. Put it in the Stanford CD… I hear their returns are out of this world. Just make sure you pull out your principal before the U.S. Marshall shows up with the battering ram….

    I would go Cash,Gold and Silver Coins and buy, I know this sounds crazy, a lot of canned foods like tomato based products. We are going to see big time inflation on these items because of the drought.

    I hit up Costco once a week and stock up on food and water. People think I am crazy…that’s OK…they thought the same thing when I bought long puts on WAMU and Wells Fargo. I can live with the stigma.

    I just went to Wells today and pulled out a large sum of cash. The girl looked at me like I just stepped out of the Starship. I told her they don’t pay me any interest for lending 10 times my deposits at an average of 6.0%. She just looked at me again like….wow…I never thought of that….

    Good luck….

    February 17, 2009 at 3:22 PM #348606
    macromaniac
    Participant

    Sure. Put it in the Stanford CD… I hear their returns are out of this world. Just make sure you pull out your principal before the U.S. Marshall shows up with the battering ram….

    I would go Cash,Gold and Silver Coins and buy, I know this sounds crazy, a lot of canned foods like tomato based products. We are going to see big time inflation on these items because of the drought.

    I hit up Costco once a week and stock up on food and water. People think I am crazy…that’s OK…they thought the same thing when I bought long puts on WAMU and Wells Fargo. I can live with the stigma.

    I just went to Wells today and pulled out a large sum of cash. The girl looked at me like I just stepped out of the Starship. I told her they don’t pay me any interest for lending 10 times my deposits at an average of 6.0%. She just looked at me again like….wow…I never thought of that….

    Good luck….

    February 17, 2009 at 3:33 PM #348062
    peterb
    Participant

    The US$ will go more up before down. Spread it around so as to avoid risk of not getting it back. Gold will probably pull back in the next couple of months. I’ll be reloading. Physical, not paper.

    Short term T bills are the choice of filthy rich people. Due to extremely large sums that need safe return strategies.

    Cut your expenses to the bone. The storms going to get worse before it gets better. Just my opinion.

    If you’re up for a little risk, producing gold and silver miners are now about the most profitable businesses on the planet. This should continue as the credit markets unwind/implode.

    February 17, 2009 at 3:33 PM #348380
    peterb
    Participant

    The US$ will go more up before down. Spread it around so as to avoid risk of not getting it back. Gold will probably pull back in the next couple of months. I’ll be reloading. Physical, not paper.

    Short term T bills are the choice of filthy rich people. Due to extremely large sums that need safe return strategies.

    Cut your expenses to the bone. The storms going to get worse before it gets better. Just my opinion.

    If you’re up for a little risk, producing gold and silver miners are now about the most profitable businesses on the planet. This should continue as the credit markets unwind/implode.

    February 17, 2009 at 3:33 PM #348498
    peterb
    Participant

    The US$ will go more up before down. Spread it around so as to avoid risk of not getting it back. Gold will probably pull back in the next couple of months. I’ll be reloading. Physical, not paper.

    Short term T bills are the choice of filthy rich people. Due to extremely large sums that need safe return strategies.

    Cut your expenses to the bone. The storms going to get worse before it gets better. Just my opinion.

    If you’re up for a little risk, producing gold and silver miners are now about the most profitable businesses on the planet. This should continue as the credit markets unwind/implode.

    February 17, 2009 at 3:33 PM #348529
    peterb
    Participant

    The US$ will go more up before down. Spread it around so as to avoid risk of not getting it back. Gold will probably pull back in the next couple of months. I’ll be reloading. Physical, not paper.

    Short term T bills are the choice of filthy rich people. Due to extremely large sums that need safe return strategies.

    Cut your expenses to the bone. The storms going to get worse before it gets better. Just my opinion.

    If you’re up for a little risk, producing gold and silver miners are now about the most profitable businesses on the planet. This should continue as the credit markets unwind/implode.

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