Absolute safest place to keep money

Quote from OldTrader:

If you use the Treasury Direct website, you will open an account with the US Treasury. Your T-Bills are a book entry with the US Treasury Department.

This is as safe as it gets. The T-Bills are a direct obligation of the Federal government, held for you by the US Treasury, a department of the US Government.

If you have them held at a bank/broker, you take on an additional risk, albeit small. Plus, you will pay a fee to them for buying the T-Bills for you. You can buy direct without fee. The advantage that a broker would have is that you could use the T-Bills as collateral for a trade if you chose. This will not be possible at the bank or with the US Treasury direct.

But if safety is the concern, T-Bills bought direct through the US Treasury is as safe as it gets.

OldTrader
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Thanks again.

This is the answer I was looking for. In financial instruments, this is the most bullet-proof you can get.

One last thing. How do you direct the interest payments into your regular bank account(s)? Is there a fee for the transfer?
 
In Nazi Germany, some Jews hid diamonds within the linings of their clothes. Diamonds are an extremely compact, portable, and easily hidden store of wealth -- even more so than gold.
 
Quote from kubilai:

Anyone considering using diamonds as a portable store of value should read this:

http://edwardjayepstein.com/diamond/chap20.htm

and decide for yourself if it's true.
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Every Israeli and Sirean Jew that comes into this country still does this....

If you don't believe me ask them....

go to Gravesend area of Brooklyn, Ny and ask them how they manage to pay for everything in cash, knock down apartment buildings to build a single family house....

smuggled diamonds..... sell to diamond district... receive cash.....lesson over
 
Quote from EqtTrdr:

Every Israeli and Sirean Jew that comes into this country still does this....

If you don't believe me ask them....

go to Gravesend area of Brooklyn, Ny and ask them how they manage to pay for everything
in cash, knock down apartment buildings to build a single family house....

smuggled diamonds..... sell to diamond district... receive cash.....lesson over
More...
Because, in large part, they are smart enough and/or connected enough to immigrate with miner/dealer/wholesale-acquired diamonds; and, in most cases, have the opportunity to trade/cash in those gems for real property and the like with others of their same culture/neighborhoods.
 
Quote from wilburbear:

Thanks again.

This is the answer I was looking for. In financial instruments, this is the most bullet-proof you can get.

One last thing. How do you direct the interest payments into your regular bank account(s)? Is there a fee for the transfer?
More...

T-Bills don't pay "interest payments" per se. They are instead sold at a discount. When they mature, you can opt to either reinvest in more T-Bills, or you can have the money directed to your bank account.

Here's a link at the site:

http://www.treasurydirect.gov/indiv/products/tbills_glance.htm

Go down to FAQ and read through it. It's fairly informative.

OldTrader
 
Am i correct in thinking that if you wish to sell your T Bills before maturity you will receive the market price? which could be less than you paid??

Also, what would be the equivalent, in safety terms, Euro denominated instruments, German, Swiss Government bonds?
 
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