Posted by Jiles on March 31, 2014 at 11:42:21 from (69.137.29.28):
In Reply to: OT--GOLD Investment? posted by Jiles on March 30, 2014 at 22:01:28:
To somewhat make this tractor related, I will admit that the majority of the money I have accumulated over many years is from buying, rebuilding and selling all types of farm equipment. Since the beginning, all my buying and selling was for CASH. I received all the profit made from such sales.
That was my plans for retirement, except on a larger sale, but that changed because of my health and the fact that such items were much harder to sell in today's world.
I just put a lot of the money in the bank and it has gained pennies.
I might add that I currently own app. $600.00-- face value-- in old silver coins.
I have a considerable amount of IRAs that I will have to start withdrawing from in a short time from now.
I know that I have the money in the bank and it is insured. But what security do we have when it is secured by our "broke" government???
From the responses received, I am considering purchasing more old coins along with checking into new gold coins.
I am personally concerned with this country's stability and want to prepare, as much as possible to at least keep what I have worked for so long, and be able to pass along to my beneficiaries.
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