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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (26646)2/17/2005 11:10:54 AM
From: Amy J  Read Replies (1) of 110194
 
treasurydirect.gov

They are getting rid of the paper bonds by 2016. You can sign up with them, and mail them your paper bonds which is a lot safer than having them laying around the house. As a rule, I never keep anything of value at home.

You have to give the govt one of your bank account #s, your drivers license #, Soc Sec #, and this bugged me a bit because you are basically giving an entry level govt worker access to your most important items:

What's the risk of identify theft?

On a different note, if you look at their website they use the positive term "Buyback" rather than the nasty phrase "Callable Bond" to refer to old bonds bearing high interest rates (like 11% from 1980) that they call away from you, if my understanding is correct of the term buyback.

Am not going to buy any bonds due to inflationary concerns. I think it is better to buy after inflation rears its head, if it does at all. (The last time I got a bond was back in 1992 and 1995). The 1992 was good because the economy was in the process of getting away from inflation, but the 1995 was lousy.

Regards,
Amy J
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