«-- Odds 'n Sods: | Main | Letter Re: Australian Bank Move Exposes the Magnitude of the Global Credit Collapse --»
Letter Re: Advice for a Concerned Investor
Greetings, Jim,
I looked at your research list under “Investing”. I have read much
of it, and it doesn’t help me in my immediate concern. The sites
on this list are good either for big-time or experienced investors, or they
deal with specifics such as buying gold.
Where can I get overall, what-to-do-immediately-today, type of advice for the
small guy. Say someone has one or two small businesses with maybe $20,000 in
checking and another $2,000 in Savings (all in a bank). What to do? Where to
keep the money? Is offshore a possibility? Recommended? Anyplace where I can
still get a couple of percentage points of interest? Or
put 100% in gold? (then how do I eat?).
I’m looking for the quick ‘n dirty answer such as your one-liner:
"...get your beans, bullets and band-aids organized before investing...”
I’m getting real nervous, Jim. Thanks, - A.N.
JWR Replies: Keeping in mind my proviso about getting your beans,
bullets and band-aids organized before investing anything extra, you might
consider
If you need interest income, put your available cash in a relatively safe,
inflation-indexed investment vehicle such as US Treasury TIPS.
or,
If you don't need to rely on interest income, your money is
far safer in tangible silver bullion. (Such as pre-1965 mint date non-numismatic
("junk")
circulated US silver dimes, quarters, or half dollars. Readers in other countries
should buy the equivalent (such as pre-1953 Australian silver coins, in Australia),
or perhaps generic one-ounce .999 fine silver "rounds".
The recent price correction in silver represents a great buying opportunity,
before the bull market resumes its charge.
