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To: xstuckey who wrote (72016)2/2/2009 3:21:01 PM
From: TommasoRespond to of 118717
 
>>>Surely there is a better way to insure against inflation than to buy gold. The problem I see with trying to shield $1000 from inflation with gold is you need to buy $1000 of gold.

What is the cheapest way to insure $1000 against inflation ?<<<

When you figure it out, be sure to let me know.



To: xstuckey who wrote (72016)2/2/2009 3:25:24 PM
From: TommasoRead Replies (1) | Respond to of 118717
 
Here's a diverting picture:




To: xstuckey who wrote (72016)2/2/2009 3:37:24 PM
From: SoberRead Replies (1) | Respond to of 118717
 
Now THAT is an interesting question. I hope there is some follow up to it. I have chosen to buy gold and silver coins... but I agree, I am interested in anything else that is equally as liquid and as safe.

I know I could put current dollars into fine art, or collectible automobiles, but many things require a cost of storage far greater than gold, and they are not always very easy to sell.

Silly as it is, the last time I found a pair of everyday shoes that I really liked, that fit very well, and seemed to be priced well, I bought two pair and put one in the back of the closet. But those kind of things only go so far and if you are talking about a great deal of money, it is hard to buy enough shoes, rice, honey, etc... to make a difference.

Maybe a good piece of land? But there again, there are taxes on the land and none on the gold year after year.

Probably a recurring revenue service business that would be considered a necessity. But what could that be, in a sector that could the average person could afford to enter? Certainly not phone or TV or energy supply (electric and heating oil) . Maybe making low cost electric car conversions?

Sober