Thread: Ready to cash out my savings bonds

Hey guys! Long time no see.

I'll get right into it: I have around $800 in savings bonds and I'm wanting to cash them out and invest in gold (tangible).

Any thoughts?

Is that $800? Won´t buy you much gold I´m afraid!

I agree. I could invest an even $1000. The point is that my savings bonds aren't gaining much interest at all, and gold it probably a better investment; even if it's just 1k.

BTW, that is the amount with interest adjusted, not face value.

I'm afraid gold is currently $1,560 at the moment. You could always buy silver if you'd like though since it's at $48. I view both as wealth preservers rather than wealth builders.

I agree with most people that responded. $800 dollars is not enough to invest in gold. you will have less than .5 oz.

It is a great preserver. I was thinking about this before and although I am already saving 10% of my income. I will continue doing that but instead of stashing the cash under the mattress, I will invest in gold. If the economy crashes and US dollar is worthless I will still have gold. As the saying goes "hope for the best, Prepare for the worst"

Thanks, I'll look into this. I didn't think of silver.

What is the saying about if the delivery man is talking about buying, it is time to be selling?

$1k would get a good head start on an online company.....then you could start creating your own gold......

Originally Posted by ZCP

What is the saying about if the delivery man is talking about buying, it is time to be selling?

Ha Ha ... I just bought put options on Silver. (Which is a bet the price starts going down) ... of course, this is just a short-term view ... overall, I view any hard asset a good investment as the dollar continues its plunge to worthlessness.

In response to the OP, I'd keep the money and invest in a Fastlane business unless you figure out the trading algorithm of the century which will turn $800 into $8 million.

Funny. After reading this I catch an article about Silver prices slipping. PRECIOUS-Silver slips 10 pct, gold off record | Metals & Mining | Reuters

Originally Posted by MJDeMarco

Ha Ha ... I just bought put options on Silver. (Which is a bet the price starts going down) ... of course, this is just a short-term view ... overall, I view any hard asset a good investment as the dollar continues its plunge to worthlessness.

In response to the OP, I'd keep the money and invest in a Fastlane business unless you figure out the trading algorithm of the century which will turn $800 into $8 million.

Lol that's great MJ, I've been kicking that idea around for a few days. How far out did you go? I was thinking 6months or so personally.

Ohh I got it.

I will buy MJ's book, then invest the rest in silver until I figure out what to do with it.


ADD sidenote: My SCUBA instructor found a silver bullion (the big bar of silver) while diving where in my city (in the Gulf of Mexico).

Maybe I should ask exactly where he found it

Originally Posted by sparechange?

My SCUBA instructor found a silver bullion (the big bar of silver) while diving where in my city (in the Gulf of Mexico).

Maybe I should ask exactly where he found it

Probably in the Keys.. Mel Fisher found $400 million in treasure off of there back in the 1980s. If you visit they have a whole museum and shops where you can buy some of the actual pieces they found - Mel Fisher Maritime Heritage Society