Search found 268 matches

by drumminj
Wed Feb 03, 2016 10:13 pm
Forum: Cash
Topic: Germans Want to Impose Currency Controls
Replies: 9
Views: 4473

Re: Germans Want to Impose Currency Controls

Wouldn't inflation be where a lot of different parties all decide individually that they are going to be raising their prices due to other prices being raised? This would constrast negative savings rate where a few organizations (i.e. Federal Government, or Big Banks), start imposing it on everyone...
by drumminj
Wed Feb 03, 2016 3:14 pm
Forum: Cash
Topic: Germans Want to Impose Currency Controls
Replies: 9
Views: 4473

Re: Germans Want to Impose Currency Controls

What would you all do if that were to happen here?  I'd start by socking savings at home, then into gold coins and US savings bonds, assuming the latter are still around.  Then I'd pay off mortgages and other debt for myself and family.  The last thing I'd want to do is leave money in the bank and ...
by drumminj
Mon Feb 01, 2016 12:15 pm
Forum: Cash
Topic: Buying CDs
Replies: 12
Views: 6598

Re: Buying CDs

I recently opened a new 5-yr CD at Barclay's so have no alternatives to convince you of.  Curious to hear other suggestions as well (but you're not alone at Barclays!)
by drumminj
Fri Jan 29, 2016 2:20 pm
Forum: Permanent Portfolio Discussion
Topic: Simplicity or Security
Replies: 9
Views: 2822

Re: Simplicity or Security

The way I look at it is simple: if you are most afraid of Chinese hackers and the like making your funds disappear, go physical. If you are more afraid of a burglar busting down your door, putting a shotgun to your head and demanding your gold and cash, go paper. And if you wish to diversify your r...
by drumminj
Sun Jan 24, 2016 5:06 pm
Forum: Bonds
Topic: Bonds vs Deflation
Replies: 8
Views: 3121

Re: Bonds vs Deflation

But if today's yield of 30-year treasuries were, say, 1%, a $1000 bond would get you $1348 after 30 years (compounded, i.e., reinvested).  So, at most, you could gain 35% on your investment if yields went to zero.  That's not a lot of upside potential.  (But lots of downside risk if rates were to i...
by drumminj
Sun Dec 20, 2015 7:11 pm
Forum: Gold
Topic: What private safe do you use for gold/silver storage?
Replies: 25
Views: 7436

Re: What private safe do you use for gold/silver storage?

Fred wrote:
drumminj wrote: How is storing gold in a safe deposit box at a bank keeping it outside the banking system?  What am I missing here?
My sarcasm
My bad -- didn't see the invisible smiley!
by drumminj
Fri Dec 18, 2015 6:50 pm
Forum: Gold
Topic: What private safe do you use for gold/silver storage?
Replies: 25
Views: 7436

Re: What private safe do you use for gold/silver storage?

Fred wrote: I keep all my gold in a safety deposit box at the bank (to store it outside the banking system as recommended here)
How is storing gold in a safe deposit box at a bank keeping it outside the banking system?  What am I missing here?
by drumminj
Fri Dec 18, 2015 10:33 am
Forum: Gold
Topic: What private safe do you use for gold/silver storage?
Replies: 25
Views: 7436

Re: What private safe do you use for gold/silver storage?

Wow. Now I know where to 'shelter' if there's a tornado.  I just need to figure out how to open it from the inside!
by drumminj
Fri Dec 18, 2015 9:07 am
Forum: Gold
Topic: What private safe do you use for gold/silver storage?
Replies: 25
Views: 7436

Re: What private safe do you use for gold/silver storage?

I did a lot of research a while back when looking for a decent gun safe and settled on an AmSec BF, as it provides both burglary + fire protection.
by drumminj
Sun Dec 06, 2015 11:21 pm
Forum: Other Discussions
Topic: The DHS is a worthless embarrassment
Replies: 6
Views: 1380

Re: The DHS is a worthless embarrassment

Agree on all points.  My question How could one know? was sarcastic, I just forgot the smiley
by drumminj
Sun Dec 06, 2015 11:14 pm
Forum: Other Discussions
Topic: The DHS is a worthless embarrassment
Replies: 6
Views: 1380

Re: The DHS is a worthless embarrassment

Pointedstick wrote: I hope you're not one of those 72 people! ;D
How could one know? As far as I've read, it's impossible for one to know if they've been placed on a watchlist.  Though I guess you would find out if/when you're denied the ability to travel.
by drumminj
Fri Dec 04, 2015 10:04 am
Forum: Permanent Portfolio Discussion
Topic: This Forum & Dissenting Opinions of the HBPP
Replies: 193
Views: 26366

Re: This Forum & Dissenting Opinions of the HBPP

It's actually one of the reasons I'm not a huge fan of my job, because it is a job I'm not really having growth in and isn't challenging me to be better. I'll let MG make the quips (have to say it felt like an opening to me as well), but I can definitely relate to this.  I worked a job for a year w...