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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (24963)	11/18/2011 5:33:07 PM
From: yard_man	Read Replies (1) \| Respond to of 50391

I don't live far enough out in the boonies ...

To: SliderOnTheBlack who wrote (24963)	11/19/2011 4:39:25 AM
From: SOROS	5 Recommendations Respond to of 50391

Question for the Board -- I know gold and silver should be owned, yet you cannot eat it. Plus, won't there always be someone bigger and meaner who will simply TAKE what you have in such a desperate world? Something to think about. In a doomsday scenario like Slider paints, would there be a reason to hold some cash dollars? Would it be worthless, or would it still be acceptable to buy things, since it sounds like he is saying having cash in the bank, IRA, savings accounts, etc. will simply be TAKEN, so "under the mattress" would be preferable. Thoughts? Ideas? What about all the alternative investments being touted the past 4 years -- annuities, life insurance on old people, and all the "guaranteed" 7-8% annual return investments? Slider, please put your best guess in 3rd grade language for all us confused. Let's say you sell all stocks, bonds, IRAs. Now you have cash in a money market account. What do you do with it? How do you diversify and in what percentages? I'm thinking spend it all on 20-year food and things to live on in a breakdown is better than holding gold, silver, cash. Barter items like booze, cigarettes -- anything people are addicted to. What do you think? Problem is, if things don't go this way, you have a bunch of worthless crap and no retirement accounts at all. Lastly, how will a person survive, even if they have the food, shelter, medicine, guns, gold -- if the government and every other person who never planned for squat are out to get them? Sorry to sound hopeless, but the picture you paint seems like a life not worth living through. For me, I'm praying that if things truly get that bad, it signals the end of the age, and I sure hope those espousing the Rapture theory end up being right!