O'Reilly logo

Aftershock: Protect Yourself and Profit In The Next Global Financial Meltdown, Second Edition by Robert A. Wiedemer, David Wiedemer, Ph.D., Cindy Spitzer

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Where’s the Best Place to Stash Cash?

The cash you get from selling your stocks, real estate, and fixed-rate investments obviously has to go someplace. Right now, you are pretty safe with just about anything short-term, such as money markets, short-term government bonds, and so forth, although these have very low interest rates and don’t pay very much. However, as we move deeper into the recession and closer to the dollar bubble pop, you will need to be much more careful about where you put your cash.

Keeping cash in money market funds of banks and corporations that may fail is clearly not a great idea. Your money market accounts are likely heavy with Treasury bills. But, when the dollar bubble pops, even short-term U.S. government debt will be problematic, which means you should be moving heavily towards precious metals, such as gold and silver (see Chapter 7), and similar inflation-driven investments, such as some foreign short term debt instrument, as pressure on the dollar and government debt increases. These types of investments have to be carefully watched and need very active and very competent management. Clearly, this is a dynamic situation. We are no longer in a “set it and forget it” investment environment, which is why we have a variety of services, including our money management partner, to help you negotiate the changing economy with the least amount of risk (please call (800) 994-0018 or go to www.aftershockeconomy.com for details).

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required