Do you have a traditional "savings" account?

[basstracker89]

Actually 1st 5th was offering 5.25% last summer.
I've got two maturing...one this month...one in Dec.
Wells Fargo also had 5+% 6 month CDs

How do you like that bank? And how long have you been doing business with them?

 

[BillsCamino]

First Fifth ? The only time I've used them...received a flyer in the mail advertising this offer.
FDIC insured.....

Our everyday bank for the past 15+ yrs is WF

 

[lostchild]

Better service and rates at a credit union.

 

[thevalueman]

Yep, got to buy on credit to have a good score.
All cash all the time will ruin your rating.
We put everything on plastic, don’t use cash at all anymore.
Just don’t misplace that statement and miss paying a month.

Once again...I screwed up my comment....when I said they pay everything in cash....that's not the way they roll, and I didn't state it correctly.....they do use plastic, and pay it off every month....big things(cars/houses/trips)....CASH...and when I say cash, I mean write a check......I need to be more specific....there are differences

 

[basstracker89]

Once again...I screwed up my comment....when I said they pay everything in cash....that's not the way they roll, and I didn't state it correctly.....they do use plastic, and pay it off every month....big things(cars/houses/trips)....CASH...and when I say cash, I mean write a check......I need to be more specific....there are differences

I understood what you meant.

 

[moosensquirrel]

What does inflation have to do with what I said? If you want to bring inflation into the equation then a long term investment in the s&p 500 will always outpace inflation whereas an investment in gold will not.
If you're worried about a complete economic collapse to the point that the US dollar is worth nothing then I would invest in land with a clean water supply, guns, ammunition, knowledge of how to survive off grid, heirloom seeds, and whatever else you can think of thats useful. I don't believe that gold and silver will be very valuable in a survival situation.

Land has a serious counter-party risk and can be taxed or legislated away. Gold, held privately outside the reach of the banking system has no counter-party risk. It also has a 6000 year history of being "good money".

 

[lostchild]

Well, wealth in any form has no value to AI, so when Skynet becomes self-aware it’s all Irrelevant.

 

[matthew24]

Land has a serious counter-party risk and can be taxed or legislated away. Gold, held privately outside the reach of the banking system has no counter-party risk. It also has a 6000 year history of being "good money".

The government can take away your gold just the same as they can take away your land. Look up executive order 6102.

 

[lostchild]

The government can take away your gold just the same as they can take away your land. Look up executive order 6102.

You can hide gold. Plus it’s portable, can go where you go.
Land, not so much.

 

[thevalueman]

If I had a choice between land or gold/silver....I'm going to choose the latter...just me....results my vary