Posted by Mike (WA) on December 08, 2012 at 12:57:14 from (174.31.199.122):
In Reply to: O/T Investing opinions posted by 55 50 Ron on December 08, 2012 at 11:25:04:
Gold or silver is probably as good a hedge as any- will pretty much just sit there as long as the economy doesn't crash, but should rise in relation to decline in dollar value if things go south. Its never been worth nothing, unlike some investments (GM bonds come to mind).
There just isn't anything out there that is both safe, and profitable.
I evicted a guy, who then became fixated on the interest earned on his security deposit on the rental (even though he is not entitled to it). I called the bank where it had been deposited (Chase) and found their passbook savings rate is .01% (that is, .0001 times the principal). Did the math, and in my letter of reply to him, taped a dime and a nickel to the letter.
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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