The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (38418)	5/17/2011 9:16:28 PM
From: Tommaso	Read Replies (2) of 71463

If/when the Fed finally quits buying our own bonds, the question is, who will? Whatever the hell Soros said or thinks, any reluctance to take on more U. S. debt means higher interest rates, e.g. lower bond prices. It happened before, even under an international gold standard. Bonds with interest rates of 2.5% to 5% lost half their value from 1970-1980. Or more. My father died in 1974. At that time there were certain treasuries known as "flower bonds" that could be used to pay off estate taxes at 100% face value. Some of these were selling at 60% of face value. I nudged the bank trust department to stock up on these and it saved tens of thousands of dollars in taxes on my father's estate. Didn't seem right to be so calculating at a time of grief, but I did it and never told anyone. Till now.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next