http://www.survivalblog.com/2007/12/odds_n_sods_635.html
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SurvivalBlog reader Mary R. forwarded us this odd notice from the US Treasury: Annual Purchase Limit For Savings Bonds Set at $5,000. Could the Treasury have been warned that the Fed plans to further lower interest rates, potentially making even low-yield savings bonds more attractive? We live in strange times, dear readers.
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http://www.treasurydirect.gov/news/pressroom/pressroom_reducedpurchaselimit.htm
Very very strange!
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This development is indeed odd and kept eerily quiet in the press. I think the above has it right. My info. is this was announced Dec 7 2007 to take effect Jan. 1 2008. When has the gov’t ever acted that fast? For me, these bonds have been a great hedge against inflation and low interest rates. I actually get quite higher returns overall from them. A person could only buy 30g’s a year of them so what’s the big deal? 5g’s? What’s the point? There was little point at 30 g’s. But at least that was something. I just want to thank our current Bush admin. and all who voted for them a second time. Fool me once…fool me twice…yeesh.
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