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Thread: The Govt is monkeying with our savings again

  1. #13

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default You're kidding right?

    Tom,

    Are you being facetious?

    Dennis

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  3. #14

    Default

    No, not facetious. I am not saying whether I agree or not. It was simply a well written and well thought out post. I wish I could write like that.

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  5. #15

    Default re: The Govt is monkeying with our savings again

    Tom,

    Thanks for the kind words!

    Wimpy

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  7. #16

    Join Date
    Oct 2005
    Location
    rockville, md
    Posts
    1,667

    Default Re: G-Fund Raid

    [. Simply take out a TSP loan of 10% of your total TSP assets and go buy some gold. If what I say comes true, your gold will off-set the devaluation of your remaining TSP funds. With insurance you don’t profit from a loss, but simply hope to break even minus the original premium paid. But you really don’t have a whole lot of time…the fuse is very short and is already lit.[/SIZE][/FONT]

    If you believe in gold not only as insurance against inflation, but also believe in gold as a viable investment…increase your gold position NOT with a TSP loan, but rather with cash saved or garnered from selling depreciating assets such as extra and/or expensive cars, snowmobiles, and boats. Cut your overhead and use the extra funds to protect yourself and profit from the marauders who are drooling all over your thrift.[/QUOTE]

    gold ETF = (GLD) or open a futures account btw, silver etf and msci EFA futures coming soon to a broker near you. 'The new CME E-mini® MSCI EAFE futures contract will be listed for trading at 5:00 p.m., Central Time, on Sunday, March 19, 2006, and will trade exclusively on the CME® Globex® electronic trading platform.'..what effect???

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  9. #17

    Default re: The Govt is monkeying with our savings again

    Thanks for mentioning the ETF.

    Gold held for insurance should probably be held very close at hand, in physical form. Gold held/traded for investment purposes needs the liquidity of more sophisticated financial exchanges, such as an ETF.

    Individual gold and silver stocks also provide tremendous leverage to the price of precious metals and can be purchased via online brokerage accounts.

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  11. #18

    Default Re: The Govt is monkeying with our savings again

    Wimpy,
    I will gladly pay you Tuesday for some gold today.......

    It was very well written, but I could see you were going to the gold argument in about the 3rd or 4th paragraph.

    With gold prices like they are wouldn't a current investment in gold be "buying in at the top"?


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  13. #19

    Default re: The Govt is monkeying with our savings again

    If this is all so obvious and Ron Paul preaches it from the roof tops, how come the public remains total ignorant? Could it be that when we graduate from high school we don't even know how to manage a checking account, much less live in a captialist society?

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  15. #20

    Join Date
    Apr 2005
    Posts
    14,685
    Blog Entries
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    Default re: The Govt is monkeying with our savings again

    Back to the start of this thread-

    I heard another rumor that we are closing in on the debt cap again, and they may be using our "G" fund to finance the government again soon. (see first article in this thread).

    Anyone got a link to the latest saga of the debt ceiling and the "G" fund? When do they expect to hit the cap and need to start playing with OUR money?

  16.  
  17. #21

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,619

    Arrow re: The Govt is monkeying with our savings again


    Paulson asks Congress to raise debt ceiling again in October
    07.30.07, 5:15 PM ET

    WASHINGTON (Thomson Financial) - The US Treasury Department asked Congress today to raise the US debt ceiling, anticipating that the current cap on federal debt will be reached this fall.

    In a letter to Senate Majority Leader Harry Reid of Nevada, Treasury Secretary Henry Paulson said the current ceiling of 8.965 trln usd would be reached in early October, and that Congress should raise the ceiling 'as soon as possible.'
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  19. #22

    Default Re: The Govt is monkeying with our savings again

    At Risk? Maybe you should take your money out of the TSP if you believe it is truely at risk Chicken Little.

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  21. #23

    Join Date
    Mar 2006
    Location
    Fort Leavenworth, KS
    Posts
    820

    Default re: The Govt is monkeying with our savings again

    Are we talking about ALL TSP moneys or just those in the G-fund? It is my understanding that the reason the G-fund can pay a (relatively)constant rate of return with "no risk" of loss is that it is essentially a loan to the US Gov't (with which they can do whatsoever they darn well please). I agree that there is a risk, but the risk is that the gov't will default on this "loan." If that happens, we've got a lot bigger problems to worry about that our TSP account balances!

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  23. Default re: The Govt is monkeying with our savings again

    The G fund invests fully in US government debt, just like Treasuries, except they are special T-Bills that don't pay normal tbill rates, they pay a T Note or T Bond rate set each month.

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