What gold or similarly backed item can I transfer my $$ to?

[glugglug]

<tinfoil>

I am fully expecting the worst out of our economy, and do not trust the banks at this point in time. The housing and credit bubbles that are starting to crash I believe are big enough there will be too many banks going bankrupt for FDIC to work, and also, USD may be the next toilet paper. Also, I expect the Euro will get severe inflation too, and the pound even more so.

What should I be transferring to?

</tinfoil>

 

[StageLeft]

Real estate

 

[ponyo]

buy guns.

 

[Mr. Lennon]

Gold, Diamonds, Etc.....

 

[videogames101]

Originally posted by: Naustica
buy guns.

train your army, fight for world domination.

works everytime :roll:

 

[cornbread]

guns, ammo, sandbags, a tent, canned goods, toilet paper, and matches.

 

[DaveSimmons]

Guns, the only credit card accepted in the wastelands.

 

[hiromizu]

Originally posted by: Naustica
buy guns.

Don't forget boollets.

 

[Howard]

Guns and gold.

 

[Pepsei]

cognac, no i'm not kidding. but you have to buy the expensive kind.

 

[Linflas]

Originally posted by: glugglug
<tinfoil>

I am fully expecting the worst out of our economy, and do not trust the banks at this point in time. The housing and credit bubbles that are starting to crash I believe are big enough there will be too many banks going bankrupt for FDIC to work, and also, USD may be the next toilet paper. Also, I expect the Euro will get severe inflation too, and the pound even more so.

What should I be transferring to?

</tinfoil>

When you say "you don't trust the banks" exactly what do you think is going to happen to them? If a bank fails and the FDIC will not cover you, assuming the assets you keep in any 1 institution are less than their coverage limits, then you (and all of us) are going to have more fundamental things to worry about than your bank deposits

 

[Chryso]

Gold is not backed by something, things are backed by gold.

 

[herm0016]

and you missed the boat on buying gold.

 

[FoBoT]

just buy a good bomb shelter and lots of guns/ammo with your worthless dollars

soon


and some food

 

[DarkThinker]

I would buy loads of oil and sell it at rip off prices when the time is right

 

[alkemyst]

Originally posted by: glugglug
<tinfoil>

I am fully expecting the worst out of our economy, and do not trust the banks at this point in time. The housing and credit bubbles that are starting to crash I believe are big enough there will be too many banks going bankrupt for FDIC to work, and also, USD may be the next toilet paper. Also, I expect the Euro will get severe inflation too, and the pound even more so.

What should I be transferring to?

</tinfoil>

How much money you talking? Not all banks do mortgages.

 

[NatePo717]

Golems

/waits to see if anyone gets the reference.

 

[legoman666]

Buy pennies. Lots and lots of pennies. Millions of them. Then when the world runs out of copper in 20 years, melt all the pennies and sell the copper.

Or you could just not be an idiot and keep your money in the back. If you're really desperate to get it out of the bank, I have a paypal you could transfer the money too.

 

[SoundTheSurrender]

Originally posted by: Chryso
Gold is not backed by something, things are backed by gold.

American money isn't backed by gold anymore

 

[imported_LoKe]

Originally posted by: legoman666
Buy pennies. Lots and lots of pennies. Millions of them. Then when the world runs out of copper in 20 years, melt all the pennies and sell the copper.

AFAIK, pennies are comprised of mostly Zinc.

EDIT: Or was it steel?

 

[Epic Fail]

Originally posted by: legoman666
Buy pennies. Lots and lots of pennies. Millions of them. Then when the world runs out of copper in 20 years, melt all the pennies and sell the copper.

Or you could just not be an idiot and keep your money in the back. If you're really desperate to get it out of the bank, I have a paypal you could transfer the money too.

What copper? They cheaped out of it in 1982.

 

[FP]

Plastics.

 

[Epic Fail]

Originally posted by: binister
Plastics.

With lead paint?

 

[JS80]

Originally posted by: glugglug
<tinfoil>

I am fully expecting the worst out of our economy, and do not trust the banks at this point in time. The housing and credit bubbles that are starting to crash I believe are big enough there will be too many banks going bankrupt for FDIC to work, and also, USD may be the next toilet paper. Also, I expect the Euro will get severe inflation too, and the pound even more so.

What should I be transferring to?

</tinfoil>

lol if the FDIC fails that means it's Armageddon

the USD's military backing and ability to pwn other countries makes it valuable and will never become toilet paper

 

[XZeroII]

Put your money in the "XZeroII won't hunt you down and beat you up" fund.