Preserving capital?

dantm2000 · Feb 12, 2009

Hehe, I was thinking of more capital here...say you knew somebody who had 20M sitting in cash right now; what would you tell her to do?

PAPA ROACH · Feb 13, 2009

Quote from Div_Arb:

You forgot 20% canned goods

The ammunition can get that, one way or another

PAPA ROACH · Feb 13, 2009

Quote from dantm2000:

Hehe, I was thinking of more capital here...say you knew somebody who had 20M sitting in cash right now; what would you tell her to do?

All joking aside, I have been flapping my gums about people who hold large sums of cash in the very near future are going to get wiped out. Buying up raw acreage is better than gold, just make sure that you get the mineral rights to the land. If I had 20 million in cash, I would most certainly spend half of it and find several pieces of land (diversify) with minerals and some with live water.

forextrades · Feb 13, 2009

Quote from PAPA ROACH:

20% in cash or cash equiv's

20% in ammunition ( a great store of wealth, very usable and in demand if the shit hits the fan)

20% gold

10% misc

30% raw land

Actually, all you really need are the guns and ammo.

Once you have that, the rest comes pretty easily.

Martinghoul · Feb 13, 2009

Quote from forextrades:

Actually, all you really need are the guns and ammo.

Once you have that, the rest comes pretty easily.

Aye, aye! I second that... Land (with mineral rights or not) is only good if you got guns.

makloda · Feb 13, 2009

Quote from dantm2000:Hehe, I was thinking of more capital here...say you knew somebody who had 20M sitting in cash right now; what would you tell her to do?

Ask her to marry you

telengard · Feb 13, 2009

Quote from dantm2000:

Say you were smart enough to get out of the market a while ago and are now sitting in cash.

What would you do to preserve it (forget about growing it) in light of possible inflation/etc.

Thoughts? Is there a 'safe heaven'?

Thanks!

I didn't get out at the top but got out when the DOW was around 11,800. I've just been buying the dips and selling after moves of a few %. Been working well so far and I hope this continues.

If you are looking to park the money, maybe CDs?

~telengard

LeeD · Feb 13, 2009

Physical gold, government inflation linked bonds (though inflation statistics is heavily tempered with you bet iflation is going up), crisis-resilient companies such as pawn shops and low-end bars

dantm2000 · Feb 14, 2009

Quote from PAPA ROACH:

All joking aside, I have been flapping my gums about people who hold large sums of cash in the very near future are going to get wiped out. Buying up raw acreage is better than gold, just make sure that you get the mineral rights to the land. If I had 20 million in cash, I would most certainly spend half of it and find several pieces of land (diversify) with minerals and some with live water.

Care to explain your reasoning, why would cash get wiped out? Inflation? Something else?

dantm2000 · Feb 14, 2009

Quote from LeeD:

Physical gold, government inflation linked bonds (though inflation statistics is heavily tempered with you bet iflation is going up), crisis-resilient companies such as pawn shops and low-end bars

Gold is one thing but if we're going through a gold bubble it will come back down eventually.

TBTs follow CPI supposedly but that is not a true sense of inflation, right? I mean it's a basket of goods that may or may not track inflation well...