Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=2624
Absolutely.FarmerD wrote: Apparently US money market funds have a 35% exposure to Europe. Bernanke says they may be structurally unsafe - another reason to keep your cash in short term treasuries.
http://www.elliottwave.com/affiliates_p ... -Safe.aspx
Really good point, as a "reluctant investor" who had no interest in economics and hadn't heard the word fiat outside of dubious Italian cars, just following through the 'why' of the assets has been a rich scary experience.moda0306 wrote: ...If anything, the PP is a jumping off point to a massive education in investing & macro.
Help me out here. How do you hold treasuries "in your name". Most of us that hold LTT are in a brokerage account. Obviously not paper certificates in our name. With no more paper IBonds again not in our name. What about paper series E's?Gumby wrote: Fundamentally speaking, a money market fund isn't really composed of money — nor is a bank account for that matter. Money Market Funds are just lines of private credit (as agency debt, mortgage backed securities, commercial paper) on a piece of paper with a dollar sign next to the amount that is supposedly promised to you if you ever want your money. But, these forms of private credit would implode if everyone decided they wanted real dollars in their hands on the same day. It would be a mess.
Treasuries, held in your name, (as well as cold hard cash) is the only way to have dollar-based savings that are yours and yours alone. Every other dollar-denominated account is really just a private-sector promise to deliver pooled dollars to you under normal conditions. Under extreme conditions, a private sector paper promise is pretty much worthless.
I believe this is referring to actually having them in a TreasuryDirect account. Or maybe even in the form of old-fashioned physical paper bonds.glock19 wrote:Help me out here. How do you hold treasuries "in your name". Most of us that hold LTT are in a brokerage account. Obviously not paper certificates in our name. With no more paper IBonds again not in our name. What about paper series E's?Gumby wrote: Fundamentally speaking, a money market fund isn't really composed of money — nor is a bank account for that matter. Money Market Funds are just lines of private credit (as agency debt, mortgage backed securities, commercial paper) on a piece of paper with a dollar sign next to the amount that is supposedly promised to you if you ever want your money. But, these forms of private credit would implode if everyone decided they wanted real dollars in their hands on the same day. It would be a mess.
Treasuries, held in your name, (as well as cold hard cash) is the only way to have dollar-based savings that are yours and yours alone. Every other dollar-denominated account is really just a private-sector promise to deliver pooled dollars to you under normal conditions. Under extreme conditions, a private sector paper promise is pretty much worthless.