Date: 10/10/2008 11:13:28 AM
Author: Linda W
The DOW is at it again!! When will it stop
. Now we have nothing in the bank or under the mattress!
Bless my mother, that child of The Depression, wherever she is today. I have CASH, thanks to her. (Of course the status of the banks is an issue now, but I digress) And I cleaned out my safe deposit box today, with the intention of getting one at a different bank closer to home. But I just found out that box contents are not insured against losses of the financial institutions. Hmm.....Date: 10/10/2008 12:08:51 PM
Author: AGBF
Or at least put it in the bank. I kept telling my husband (a banker) that the bank accounts are FDIC insured. He kept assuring me that mutual funds are safe. So our IRA''s and our daughter''s college fund (like everyone else''s) are in mutual funds-i.e. the stock market. Heck, I even used to tell him to diversify and put some in the bank! And, after he had laughed at me for doing it, he was glad I had bought a couple of small CDs at 6.5% or so once the interest rates fell a lot lower! He knows a lot more about finance...but even a broken clock is right twice a day
Deb
these dimes aren''t worth anymore than 1964 dimes unless they''re uncirculated,even then unless it is a rare date still not worth very much. i remember trading $1000 bags of 90% silver coins for under $4000 per bag when spot price of silver was $3.75 per oz.
Oh, I know they aren't really worth more than the silver in them, but I still like them. They're pretty.
they''re call large cents...i was never a big fan of copper coins.
No argument there, that without a backing, our dollar is vulnerable. BUT, gold too has no real intrinsic value other than what we give it, AND tying our money supply to it made money increasingly scarce...a truly limited resource after all. Hard to ever GROW the money supply when it's tied to gold.
i don''t have any 401K,in fact i told my wife to sell all of her 401k last april when the Dow was at 13,100
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