I do believe that Americans are on a path of destroying the USD. I'm not here to debate that thought, I believe that and that is the basis for my question to any of you...
For my cash, I am buying silver. I believe that is the best safeguard for my savings. But I also have a significant amount of money tied up in my 401K. I would like to protect this money as well, but my options are limited. I can either buy stock funds, or bond funds. Both of which I think will suffer greatly when the USD accellerates in losing its value.
What can I do to protect this savings?? Anything at all? The best thing I can think of is take the largest loan possible, and take that cash and buy more silver. I'm open to more ideas.
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To remove first post, remove entire topic.
I do believe that Americans are on a path of destroying the USD. I'm not here to debate that thought, I believe that and that is the basis for my question to any of you...
For my cash, I am buying silver. I believe that is the best safeguard for my savings. But I also have a significant amount of money tied up in my 401K. I would like to protect this money as well, but my options are limited. I can either buy stock funds, or bond funds. Both of which I think will suffer greatly when the USD accellerates in losing its value.
What can I do to protect this savings?? Anything at all? The best thing I can think of is take the largest loan possible, and take that cash and buy more silver. I'm open to more ideas.
How is silver anything more than a hypothetical lesser than to gold?
I dont see silver as a hedge of anything..more of a precious metals gamble off the back of gold.
I also dont agree about hyper inflation because there is a flaw to the concept and that flaw is why the inflation bugs have been wrong for 4 yrs now.
You can print all day and night but if the money isnt being circulated and spent then there cannot be overall inflation and that is the exact scenario we are facing now.
The FED is printing but the banks are not circulating so the effect of added supply is not doing what it has done in the past..so throw out the economics books and analyze what we are dealing with versus reading a blog and gambling.
Also..hyper inflation only happens when a relative currency supply goes up but others do not. So if Zimbabwe prints like crazy and the rest of the world does not then yes they debase their currency and if that money is circulated then inflation happens.
When the US prints, but Europe, London, Japan all ALSO print, then the effect of the printing is muted and the inflation does not happen per the textbook explanation.
Money has to be circulated to create inflation and relative supply increase has to happen, both are not in our current situation.
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Silver?
How is silver anything more than a hypothetical lesser than to gold?
I dont see silver as a hedge of anything..more of a precious metals gamble off the back of gold.
I also dont agree about hyper inflation because there is a flaw to the concept and that flaw is why the inflation bugs have been wrong for 4 yrs now.
You can print all day and night but if the money isnt being circulated and spent then there cannot be overall inflation and that is the exact scenario we are facing now.
The FED is printing but the banks are not circulating so the effect of added supply is not doing what it has done in the past..so throw out the economics books and analyze what we are dealing with versus reading a blog and gambling.
Also..hyper inflation only happens when a relative currency supply goes up but others do not. So if Zimbabwe prints like crazy and the rest of the world does not then yes they debase their currency and if that money is circulated then inflation happens.
When the US prints, but Europe, London, Japan all ALSO print, then the effect of the printing is muted and the inflation does not happen per the textbook explanation.
Money has to be circulated to create inflation and relative supply increase has to happen, both are not in our current situation.
WSC... we have debated this some time ago... we simple disagree on the hedge effect of silver - period.
As to your assertion that the USD will not hyperinflate because the others are printing as well... there is a big difference not mentioned. The USD is CURRENTLY regarded as the world reserve currency. That is changing, and it is changing quickly. And the more that the world tends to NOT accept the USD as the reserve currency, that will make the USD more suspect to hyperinflation.
As for the inflation numbers, you are dead wrong if you simply read fed reports of inflation, they are obviously masking it. All commodities have doubled and tripled in recent years in relation to the USD. Your research simply does not have to go further than that. We are and have been in a "double digit" inflationary period now for the past several years. You can look at the evidence objectively, or bury your head in the sand and keep reading fed reports.
Now that is out of the way, as I said I'm not interested in debating whether the USD is in decline or not. I'm very much satisfied it is.
Best hedge for 401K funds??? anybody?
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WSC... we have debated this some time ago... we simple disagree on the hedge effect of silver - period.
As to your assertion that the USD will not hyperinflate because the others are printing as well... there is a big difference not mentioned. The USD is CURRENTLY regarded as the world reserve currency. That is changing, and it is changing quickly. And the more that the world tends to NOT accept the USD as the reserve currency, that will make the USD more suspect to hyperinflation.
As for the inflation numbers, you are dead wrong if you simply read fed reports of inflation, they are obviously masking it. All commodities have doubled and tripled in recent years in relation to the USD. Your research simply does not have to go further than that. We are and have been in a "double digit" inflationary period now for the past several years. You can look at the evidence objectively, or bury your head in the sand and keep reading fed reports.
Now that is out of the way, as I said I'm not interested in debating whether the USD is in decline or not. I'm very much satisfied it is.
economist are split whether there is inflation or deflation ahead
i mean who really is buying 50$ t-shirts when you can buy a 3 or 5 $ t shirt?
inflation #s do not reflect gas prices.
bitcoin is probably your best bet if you want to hedge inflation or think there is a run on a bank. cypress has the first BITCOIN ATM machines (or so i heard) and is currently at 94$ a bitcoin (was 20$ when i first posted about bitcoins on 2/7/2013 in another post)
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economist are split whether there is inflation or deflation ahead
i mean who really is buying 50$ t-shirts when you can buy a 3 or 5 $ t shirt?
inflation #s do not reflect gas prices.
bitcoin is probably your best bet if you want to hedge inflation or think there is a run on a bank. cypress has the first BITCOIN ATM machines (or so i heard) and is currently at 94$ a bitcoin (was 20$ when i first posted about bitcoins on 2/7/2013 in another post)
Sports fan. I agree with you. The best investment now is farmland. That's what all the mega rich have been buying the past 10-15 years. You will have something worth something and you can live off the land. If you have fidelity, call them and ask about details for a brokerage link account. It will give you more options on your 401k like bear funds. I am actually about to do this myself as this bogus market will be coming down soon.
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Sports fan. I agree with you. The best investment now is farmland. That's what all the mega rich have been buying the past 10-15 years. You will have something worth something and you can live off the land. If you have fidelity, call them and ask about details for a brokerage link account. It will give you more options on your 401k like bear funds. I am actually about to do this myself as this bogus market will be coming down soon.
Sports fan. I agree with you. The best investment now is farmland. That's what all the mega rich have been buying the past 10-15 years. You will have something worth something and you can live off the land. If you have fidelity, call them and ask about details for a brokerage link account. It will give you more options on your 401k like bear funds. I am actually about to do this myself as this bogus market will be coming down soon.
Farmland with water/mineral rights.
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Quote Originally Posted by JEFFMARKETCAP:
Sports fan. I agree with you. The best investment now is farmland. That's what all the mega rich have been buying the past 10-15 years. You will have something worth something and you can live off the land. If you have fidelity, call them and ask about details for a brokerage link account. It will give you more options on your 401k like bear funds. I am actually about to do this myself as this bogus market will be coming down soon.
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