Solari.com is a step in the right direction. My unsolicited .02 is, get out of the US dollar altogether. It's not sound and its value is doomed. Don't get me going on the global financial meltdown I believe we're on the threshold of...
Precious Metals are one way. Gold is making a 16+ year high at $435/oz, silver's at $7.45/oz.
http://www.kitco.com/market/ There are reasons for this PM strength.. and given the 15+ year price suppression conspiracy of these key "canary in a coal mine" metals by the financial elite (see
http://www.gata.org ) seeking to enhance the global appearance of soundness of the (purely fiat) US Dollar, the PMs are still way cheap, and I believe will be going much much higher from here, esp when "TSHTF" (as the PM bugs are fond of saying) within the coming year. So don't fret about paying "top dollar" for some PMs presently, as they'll have been cheap a year or two from now.
Another means to get out of the dollar is buying European govt notes, denominated in euros (15% gold-backed) or Swiss Franks (30% gold backed). You'll earn whatever interest the notes pay, and you'll also benefit as the dollar continues its inevitable slide against these more sound currencies.
Donna Plutschuck <donna@xxxxxxxxxxxx> wrote:
I agree with you, Ralph. Most people in Colorado don't have their money in
CitiBank or JP Morgan, primarily because the money center banks don't have
offices in Colorado and they want the large depositors, i.e., major
companies, who will also borrow through them. I was a Vice President at JP
Morgan (before it merged with Chase Manhattan) for 11 1/2 years prior to
moving to Colorado, and they're not interested in people who want free
checking or must maintain $400 to get free checking. They want the LARGE
depositors; think $100K as an average balance.
Donna
Donna Plutschuck
donna@xxxxxxxxxxxx
Corporate Office Images, Ltd.
355 S. Teller Street, Suite 200
Lakewood, CO 80226
303.235.0989 fax 303.235.0124
----- Original Message -----
From: "Ralph Shnelvar"
To: "Evan Daniel Ravitz"
Cc: "Nan Schweiger" ; "Some Guy"
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Sent: Wednesday, November 10, 2004 5:38 PM
Subject: Re: Conspiracy #645 -- or the way it is
> Dear Evan:
>
> On Wed, 10 Nov 2004 16:21:23 -0700 (MST), you wrote:
>
>>
>>http://www.solari.com is great. -Evan
>>
>
> No it isn't.
>
> Evan, you're a great guy and you're smart.
>
> This kind of thing is completely worthless for a wide variety of reasons.
>
> 1)
Even if 600,000 people pull all their money (let's say it's $50,000
> each
> on average ... a vast overestimate) that amounts to a whopping $30
> billion.
> Yawn. That's 1/3 of a day's trading on the NYSE.
>
> 2) Even if the money moves, where do you think it will go? Banks will
> lend
> it back to the very people to whom the money was pulled out. There will
> be
> a tiny blip as money moves around.
>
> 3) Money moves around. It is liquid. It goes to the highest rate of
> return
> _especially_ if you don't specifically control it.
>
> 4) Like "Don't buy gas this Sunday", this is a harebrained scheme to put
> pressure on the markets. It will not make news and it will have no effect
> on markets or local economies other than to send dimes to the "My Dime is
> Powerful" campaign.
>
> 5) The biggest effect this scheme and its promotion will have is
to
> disappoint the people who make the dislocation in their financial lives
> once
> nothing happens.
>
>
>
> If people want to have a real effect (and make money, too), invest in
> "socially conscious" investment funds. For instance, see
> http://www.socialfunds.com/. Whether you're a bleeding heart liberal or a
> gun toting redneck, there's a fund for you.
>
> Ralph Shnelvar
>