Now is not the time to save money.

[ILG]

We spent a lot of money building churches so now we're just bumping along. I wish we had our house paid for. We don't owe on any vehicles though.

[Shawn]

Originally Posted by ILG

If you're worried aboutn hyperinflation, buy some gold.

This.



I have some inheritance I'll be receiving later this year and I was going to put into some sort of IRA for my 4 yo daughter....investing ahead for college. But after all I've heard I'm seriously thinking about investing it in gold. I'd hate to invest it for her and watch it depreciate to very little value.

[pelathais]

Originally Posted by Shawn

This.



I have some inheritance I'll be receiving later this year and I was going to put into some sort of IRA for my 4 yo daughter....investing ahead for college. But after all I've heard I'm seriously thinking about investing it in gold. I'd hate to invest it for her and watch it depreciate to very little value.

Toward the end of the year the panic may subside a bit. Remember, there are many HUGE investors trolling around right now looking for some great buy opportunities. Once they start pick up the pieces you can follow their coat tails and be pretty safe.

After the mid-term elections in 2010, (IF! the Republicans can get their act together) we may see a change in Congress. It's Congress who sets the budget and tax policies. With some tax relief you could expect to see some huge gains in the markets as investors flock back in.