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Old 03-06-2008, 09:33 PM   #1
XSAXS
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Where are you putting your US Dollars?

I have a $100K sitting in a 4.5% savings account, but inflation is going to turn it into fast. Where/how are YOU safeguarding the value of your USD?
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Old 03-06-2008, 09:34 PM   #2
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Whoa, where you getting 4.5% in a savings account? I can't find any over 4%.
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Old 03-06-2008, 09:34 PM   #3
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Old 03-06-2008, 09:37 PM   #4
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Like the old days coffee cans in the backyard. lol
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Old 03-06-2008, 09:50 PM   #5
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In my shoe box ;)
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Old 03-06-2008, 09:56 PM   #6
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Originally Posted by pocketkangaroo View Post
Whoa, where you getting 4.5% in a savings account? I can't find any over 4%.
Well, they recently lowered their rates (again), but... https://bank.countrywide.com/

Now at 4.25%.
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Old 03-06-2008, 09:58 PM   #7
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Old 03-06-2008, 10:00 PM   #8
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Like the old days coffee cans in the backyard. lol
Quote:
Originally Posted by VeriSexy
In my shoe box ;)
Yeah, I have some stashed away like that too, but the USD is devaluing so fast that it's really dumb to hoard Benjamins right now. Many people are jumping on gold, but I think that may be reaching its peak. (???) Wish I'd bought gold 6-9 months ago.
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Old 03-06-2008, 10:10 PM   #9
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This is not a joke. I just took this picture with my cell phone while I was pinching one off.

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Old 03-06-2008, 10:20 PM   #10
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This is not a joke. I just took this picture with my cell phone while I was pinching one off.

I hope there's a bucket of petrol on fire on the ground catching that roll.
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Old 03-06-2008, 10:23 PM   #11
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Found a few good buys in the stock market which is keeping me ahead overall about 50% this year so far... Really not sure what is a safe investment right now, I don't think realestate has finished dropping yet either.
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Old 03-06-2008, 10:43 PM   #12
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Donny was the smart one. He put his money on Christianity. In times of need people will turn to Jebus
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Old 03-06-2008, 10:44 PM   #13
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Buy Euros.
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Old 03-06-2008, 10:47 PM   #14
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Old 03-06-2008, 10:47 PM   #15
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lots of gun ammu, salt, water purification equipment
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Old 03-06-2008, 10:51 PM   #16
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How does one go about putting it in a european bank if they live in the US? Do they pay similar interest rates ?
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Old 03-06-2008, 10:52 PM   #17
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Buy gold on the big pullback that may be on its way. You can just use the Kitco pool account. Don't have that heavy yellow shit delivered as that is just plain stoopid. Plus you can sell in an instant if you wish.

Once it breaks and stays above $1k it should rise nicely after a few "tests".

The world is fucked in case you have not heard
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Old 03-06-2008, 11:26 PM   #18
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Wow 4.5% that sucks one savings account here in Australia i have upped their rate from 6.65% to 6.9% today
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Old 03-07-2008, 12:11 AM   #19
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Well, I lose value when I convert them to pounds. I lose value when I buy houses. I lose value when I buy shares.

Everything is fucked. SOoooooooooooooooooooooo...

My answer? Forget investments for now and concentrate on building my business - then when the good times come round again, I'll decide where to stick them.
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Old 03-07-2008, 12:16 AM   #20
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i hear silver is even better to invest in
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Old 03-07-2008, 12:36 AM   #21
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Im importing goods from us! It is SOOO cheap!
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Old 03-07-2008, 12:40 AM   #22
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i put them down the shitter. it's cheaper than buying toilet paper...
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Old 03-07-2008, 01:39 AM   #23
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Found a few good buys in the stock market which is keeping me ahead overall about 50% this year so far... Really not sure what is a safe investment right now, I don't think realestate has finished dropping yet either.
Not for at least another year
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Old 03-07-2008, 02:54 AM   #24
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Well, they recently lowered their rates (again), but... https://bank.countrywide.com/

Now at 4.25%.
I forgot about them. I guess with the troubles they've been having, I was a little skeptical about using them. I'm currently at ING.
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Old 03-07-2008, 03:28 AM   #25
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Park your money in New Zealand...interest rates are high there. You can get 8.80% at the moment through WestPac NZ. Nice stable country with the backing of a large Australian bank. Very safe..
Rates

Not sure if they have a US dollar account, may have to convert into NZ dollars..
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Old 03-07-2008, 03:40 AM   #26
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What about Steel and Copper ?
Since China and India are still building like crazy and need a lot of it.
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Old 03-07-2008, 03:46 AM   #27
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Park your money in New Zealand...interest rates are high there. You can get 8.80% at the moment through WestPac NZ. Nice stable country with the backing of a large Australian bank. Very safe..
Rates

Not sure if they have a US dollar account, may have to convert into NZ dollars..
but could someone from the us open an account there?
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Old 03-07-2008, 03:49 AM   #28
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Old 03-07-2008, 03:50 AM   #29
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Can't see why not...I am in Australia and they let me open a New Zealand account. Try sending them an email.
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Old 03-07-2008, 03:51 AM   #30
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Can't see why not...I am in Australia and they let me open a New Zealand account. Try sending them an email.
I will, double intrest rates!
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Old 03-07-2008, 03:55 AM   #31
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I will, double intrest rates!

Only trouble is, if the US dollar makes a come back, and you convert to NZ dollars...you may end up losing out.
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Old 03-07-2008, 04:01 AM   #32
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Only trouble is, if the US dollar makes a come back, and you convert to NZ dollars...you may end up losing out.
may be possible to keep it in usd...gonna get some more info

anyone else keep money in bank accounts in another country? seems like we could make some good money
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Old 03-07-2008, 05:53 AM   #33
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home heating oil futures
http://www.wtrg.com/daily/heatingoilprice.html

http://www.google.com/search?hl=en&safe=off&q=home+heating+oil+futures&b tnG=Search
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Old 03-07-2008, 05:58 AM   #34
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Cayman´s.. its the only real option you have if your a non us citizen..
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Old 03-07-2008, 08:21 AM   #35
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Old 03-07-2008, 10:10 AM   #36
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Jesus saves, Moses invests
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