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TommyHolly's picture
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Need to finish off my list of items I NEED to have in an emergency...but is using credit a good idea?

Hey guys,

OK second time writing this.  The garbage forum software this site uses doesn't work with Internet Explorer 9 so I can't post or copy and paste...My main question is: Is it a good idea to make a small short term (24-48) month purchase on credit if you are really concerned about an economic collapse?

switters's picture
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Student loan debt: to pay off or not?

I've been thinking a lot lately about whether to pay off my student loan debt ($15k @ 3% interest) or keep that money in cash and gold as it is currently.  I have no credit card debt, 2-3 months of expenses in cash, $30k tied up in land that we're trying to sell, and about $50k that is currently 50/50 in US dollars/gold.

Mr. Fri's picture
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What Happens to Our Homes When Mortgage Companies Fail?

This question has been bothing me for a bit.  My experience is in science & engineering so I'm not too good at figuring out economic questions. 

goran21's picture
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here is my question: lets take I have 20.000 bank loan with fix rate - per year is 6,5% for 10 years from now. People talk about hyperinflation in next 5 years. If I invest half of my loan money in gold now, then later when hyperinflation will take place, gold will be high priced becouse of the dropping value of money and other stuff.  Is it logical that my 20.000 eur loan will be much more worthless then it is now but my gold will be sky high. Sell a litle of my gold then to pay a loan back?