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Reply #25: Diversity is the key. No one should wrap all of their savings into one investment. [View All]

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FourScore

(1000+ posts) Send PM | Profile | Ignore

Tue May-10-11 09:03 AM
Response to Reply #10

25. Diversity is the key. No one should wrap all of their savings into one investment.

Period.

Gold, per se, as a form of investment can make sense. To throw all of your savings into it though is risky and stupid (which I know you don't do, but alot of misguided people ARE doing right now). Not to mention all the gold scams there are out there. Including the manufacturing of fake gold bars.

http://www.youtube.com/watch?v=5FvM_4B7Pkc&playnext=1&list=PLBAFFA7982921BD6C

As for the pantry, having food on hand in case of an emergency is a good idea, but what ya' gonna do when your neighbors and their kids are starving?

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