Gold 401K

Where to put my $$$ in this bullshit economy.?

The Fed just announced that they are going to cut interest rates (3/17/2008). As if the rates are not low enough as it is, with Emigrant giving about 3.30% only, and brick-and-mortar banks giving even lower interest rates. I’m newly married, 401K maxed out, IRA maxed out, and I have about USD100,000 that I want to invest, but don’t know where to put it. Stocks, even mutual funds, seem like a bad idea as it seems to move in a sine curve daily depending on what Bernanke says, the price of oil/barrel, the sinking USD, mortgage crisis, gold being $1000/oz……blah blah. I would like to keep this $100K liquid (ie. Non retirement) as I want to tap from it for a house/start a family in the near future, and I would like it to increase from now till then. Any ideas?

You seem to have, from my perspective, a few issues to deal with. First of all, you are looking to the wrong economy to seek investments. The “bullshit” economy is not very productive. On the other hand, the American economy is incredibly productive but very elastic.

You seem to be listening to the media a tad too much. Sure the economy is retracting a bit right now. That is how economic cycles got that name! No big deal for those who know the trutn instead of fallin hook, line and skinke for the media hype.

Another conflict is your goal of increasing your funds while maintaining liquidity. There is now such investment anywhere! They are conflicting goals. Liquidity seeks returnds equal to or slightly greater than the inflation rate so that funds don’t degrade. Seeking higher returns than that will only fool you into making stupid choices.

I hope that this helps.

George Gordon’s History of Silver: 9 Billion Oz. of Silver is just Gone (PART 1 of 5)

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