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Safe Place for money?

 
Mark In NYC
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User ID: 400833
United States
01/30/2009 03:31 PM
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Safe Place for money?
I've been the plaintiff in a court case that's taken four years and now is settling. I will have about $400k coming in over the next few weeks. $200k, first time, then another payment of about the same within a month or two after the first.

Normally I know where to park money for a decent safety factor and rate of return. Now, however all bets are off. Conventional wisdom doesn't mean jack any longer. I've got the housing and food storage taken care of. This is not planned on income. But it's certainly not something I want to piss off or just blow, either.

Any ideas of what is the safest way to hold this money? Currency? Gold? Coins? Silver? Bars? And physically what is the safest way to make sure I can get to it and the government cannot in the case of their confiscating gold from private citizens again? Also, there is a Numanistic or "collector" coin exemption from the possibility of confiscation. Anyone know anything about how that works or is supposed to work?

It's not enough money to put into Diamonds. I've been told that before you can buy investment grade diamonds you'd better be talking well into the low millions. So short of the really exotic stuff - any ideas of what to do with the money to keep it safe, available, and keep the governments hands off of it, too?

Thanks for the ideas...

I do know that the last place I want to put it is wherever my banker or broker recommend. Neither of them have been doing very well with their own money - much less with my money lately!
Life really is a banquet - and truly - most poor sucker are starving! Enjoy the ride baby.
Anonymous Coward
User ID: 490986
United States
01/30/2009 03:32 PM
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Re: Safe Place for money?
CASH for now, in your backyard...
Anonymous Coward
User ID: 466070
United States
01/30/2009 03:32 PM
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Re: Safe Place for money?
Don't go all in. Diversify.

Farmland. Metals. Stocks.

There's one thing I would not do - let it sit in a bank.
Anonymous Coward
User ID: 575967
United States
01/30/2009 03:32 PM
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Re: Safe Place for money?
canned food
Anonymous Coward
User ID: 526018
United States
01/30/2009 03:32 PM
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Re: Safe Place for money?
Send it to me. I'll keep it in a safe place.
Anonymous Coward
User ID: 490986
United States
01/30/2009 03:33 PM
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Re: Safe Place for money?
Don't go all in. Diversify.

Farmland. Metals. Stocks.

There's one thing I would not do - let it sit in a bank.
 Quoting: Anonymous Coward 466070



Stocks???? The whole ship is going fucking down...
Anonymous Coward
User ID: 466070
United States
01/30/2009 03:35 PM
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Re: Safe Place for money?
Don't go all in. Diversify.

Farmland. Metals. Stocks.

There's one thing I would not do - let it sit in a bank.



Stocks???? The whole ship is going fucking down...
 Quoting: Anonymous Coward 490986


WRONG.

I've made $300 betting against commercial real estate in 1 day. There are stock plays that are all-purpose doom and gloom.
Anonymous Coward
User ID: 526018
United States
01/30/2009 03:36 PM
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Re: Safe Place for money?
Put it in a credit union and collect the interest. Dont put it in a bank. Credit Unions aren't in the business just for huge profits. Do you hear of any Credit Unions needing bailouts? They're fairly safe i'd say.
Anonymous Coward
User ID: 490986
United States
01/30/2009 03:37 PM
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Re: Safe Place for money?
Don't go all in. Diversify.

Farmland. Metals. Stocks.

There's one thing I would not do - let it sit in a bank.



Stocks???? The whole ship is going fucking down...


WRONG.

I've made $300 betting against commercial real estate in 1 day. There are stock plays that are all-purpose doom and gloom.
 Quoting: Anonymous Coward 466070




Sure thing. Thats why Obama's team want o get rid of short sellers completely, for good...
Anonymous Coward
User ID: 466070
United States
01/30/2009 03:39 PM
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Re: Safe Place for money?
Don't go all in. Diversify.

Farmland. Metals. Stocks.

There's one thing I would not do - let it sit in a bank.



Stocks???? The whole ship is going fucking down...


WRONG.

I've made $300 betting against commercial real estate in 1 day. There are stock plays that are all-purpose doom and gloom.




Sure thing. Thats why Obama's team want o get rid of short sellers completely, for good...
 Quoting: Anonymous Coward 490986


Uh, no. Do you even know what that means?

There are Ultra and Pro short ETFs. This is different from borrowing stock betting that it will go lower and then trading them.
meras
User ID: 604124
United Kingdom
01/30/2009 03:40 PM
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Re: Safe Place for money?
[link to leitl.org]

I would go with a rural retreat with land and water.
Anonymous Coward
User ID: 604307
United States
01/30/2009 03:50 PM
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Re: Safe Place for money?
Buy a used personal mini submarine or a catamaran.

Take the other half and buy a rare one of a kind gun at auction that future zillionaires would want in the days to come.

The sub or boat gets you out of the city when the roads close down and the gun can save your life and may turn a profit when things get normal.
OneAngryMom

User ID: 506709
United States
01/30/2009 03:52 PM
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Re: Safe Place for money?
I know a great commercial property for sale....

hehe

REALLY!

close to the new intermodol hub south of KC!!

:->
Anonymous Coward
User ID: 583852
United States
01/30/2009 03:53 PM
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Re: Safe Place for money?
[link to leitl.org]

I would go with a rural retreat with land and water.
 Quoting: meras 604124



Pay off any high interest debt.(credit cards,unsecured loans)

Pay off any loans on assets that depreciate in value (car)

Keep a few grand in cash (20's) in case you cannot access funds from the bank.

Purchase some physical gold, silver. Do not store in a safe deposit box.

Share some w/ Mom and/or Dad.

Buy a generator.

Stock pile some food stuffs with long term shelf life.

Invest in personal and property protection.

Pay cash to have any dental work you may need done now.

Pay cash to your auto/autos' up to par in respect to maintainance. New tires, batteries etc.

Stock pile some fuel and fuel preservative for your generator and auto.

Install an alternate heat source in your home, fireplace wood stove etc. Stock pile some wood.

Invest water filtration equipment/ water harvesting equipment.

Send cash to me for providing helpful tips. LOL
Anonymous Coward
User ID: 351429
United States
01/30/2009 03:55 PM
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Re: Safe Place for money?
convert to food, bottled water, and gold/silver.
Anonymous Coward
User ID: 490986
United States
01/30/2009 03:57 PM
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Re: Safe Place for money?
First of all lets post a scan of the check less tha account# and any other pertinent info... wow, GLP is just crawling with $$$$$$$$$$$$$ these days.............


bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag
Anonymous Coward
User ID: 516046
United States
01/30/2009 03:58 PM
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Re: Safe Place for money?
National Bank of Zimbabwe.
Should be nice and safe there.
tomato
Anonymous Coward
User ID: 604325
United States
01/30/2009 04:02 PM
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Re: Safe Place for money?
[link to goldmoney.com]

Here's one place. Offshore. Digital Gold and Silver. Easily transferable
to others and convertible into coin through Kitco, etc. The oldest
and most reliable business model...

IATR
all2human
User ID: 553263
United States
01/30/2009 04:47 PM
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Re: Safe Place for money?
Have you thought about buying some decent land? Ranch land with water access is a great investment.
Anonymous Coward
User ID: 582696
Canada
01/30/2009 05:31 PM
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Re: Safe Place for money?
National Bank of Zimbabwe.
Should be nice and safe there.
tomato
 Quoting: Anonymous Coward 516046

yeah you could get a trillion Z dollars with that
Anonymous Coward
User ID: 565562
United Kingdom
01/30/2009 05:37 PM
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Re: Safe Place for money?
gold ingots? gold and platinum will always go up. even if the worlds economy completely crashes leaving money useless, you will still be rich. assets in rising metals are the safest investment you could make..
Anonymous Coward
User ID: 602367
United States
01/30/2009 05:38 PM
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Re: Safe Place for money?
I've been the plaintiff in a court case that's taken four years and now is settling. I will have about $400k coming in over the next few weeks. $200k, first time, then another payment of about the same within a month or two after the first.

Normally I know where to park money for a decent safety factor and rate of return. Now, however all bets are off. Conventional wisdom doesn't mean jack any longer. I've got the housing and food storage taken care of. This is not planned on income. But it's certainly not something I want to piss off or just blow, either.

Any ideas of what is the safest way to hold this money? Currency? Gold? Coins? Silver? Bars? And physically what is the safest way to make sure I can get to it and the government cannot in the case of their confiscating gold from private citizens again? Also, there is a Numanistic or "collector" coin exemption from the possibility of confiscation. Anyone know anything about how that works or is supposed to work?

It's not enough money to put into Diamonds. I've been told that before you can buy investment grade diamonds you'd better be talking well into the low millions. So short of the really exotic stuff - any ideas of what to do with the money to keep it safe, available, and keep the governments hands off of it, too?

Thanks for the ideas...

I do know that the last place I want to put it is wherever my banker or broker recommend. Neither of them have been doing very well with their own money - much less with my money lately!
 Quoting: Mark In NYC

why hold it?
invest in a small business doing what you love to do
or finance a friend/relative to run it for you
Anonymous Coward
User ID: 322321
Mexico
01/30/2009 05:40 PM
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Re: Safe Place for money?
[link to goldmoney.com]

Here's one place. Offshore. Digital Gold and Silver. Easily transferable
to others and convertible into coin through Kitco, etc. The oldest
and most reliable business model...

IATR
 Quoting: Anonymous Coward 604325

bsflag

OP, if you go gold/silver , invest in the cold, hard core metal !!
No paper !! paper is a promise !!
Kitco is a expert in excuses when you ask for the physical gold/silver !! Ponzi scheme !!
Go for the real thing or don't go there !!
good luck and good night !!

read and decide wisely !!
Thread: 2009 ....... DOOM AND GLOOM !!!
Anonymous Coward
User ID: 602367
United States
01/30/2009 05:40 PM
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Re: Safe Place for money?
or you could buy some nice arable land with a spring
and hire a couple to grow organic food for you
and raise organic goats for cheese

you would be able to eat healthy
and have a nice place to go on vacation when you want to get out of the city
Anonymous Coward
User ID: 556632
United States
01/30/2009 05:40 PM
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Re: Safe Place for money?
Safest place? Ever see Pulp Fiction?
Anonymous Coward
User ID: 571008
United States
01/30/2009 05:43 PM
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Re: Safe Place for money?
Safest place? Ever see Pulp Fiction?
 Quoting: Anonymous Coward 556632


Which one is your wallet ?
Bad Mother Fucker
User ID: 582525
United States
01/30/2009 06:15 PM
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Re: Safe Place for money?
Safest place? Ever see Pulp Fiction?


Which one is your wallet ?
 Quoting: Anonymous Coward 571008


It's the one that sais Bad Mother Fucker on it.
Dispositioner

User ID: 604654
United States
01/31/2009 03:06 AM
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Re: Safe Place for money?
I've been the plaintiff in a court case that's taken four years and now is settling. I will have about $400k coming in over the next few weeks. $200k, first time, then another payment of about the same within a month or two after the first.

Normally I know where to park money for a decent safety factor and rate of return. Now, however all bets are off. Conventional wisdom doesn't mean jack any longer. I've got the housing and food storage taken care of. This is not planned on income. But it's certainly not something I want to piss off or just blow, either.

Any ideas of what is the safest way to hold this money? Currency? Gold? Coins? Silver? Bars? And physically what is the safest way to make sure I can get to it and the government cannot in the case of their confiscating gold from private citizens again? Also, there is a Numanistic or "collector" coin exemption from the possibility of confiscation. Anyone know anything about how that works or is supposed to work?

It's not enough money to put into Diamonds. I've been told that before you can buy investment grade diamonds you'd better be talking well into the low millions. So short of the really exotic stuff - any ideas of what to do with the money to keep it safe, available, and keep the governments hands off of it, too?

Thanks for the ideas...

I do know that the last place I want to put it is wherever my banker or broker recommend. Neither of them have been doing very well with their own money - much less with my money lately!
 Quoting: Mark In NYC


How about you store the money up your ass? You already stick dicks up there, right?
You are judged by the strength of your enemies.

"When the going gets weird, the weird turn pro" - Hunter S. Thompson





GLP