Day: January 8, 2012

http://www.doughroller.net/investing/how-to-buy-us-savings-bonds/

Electronic U.S. Savings Bonds–Say Goodbye to Paper
by Rob Berger
in Investing

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As of today, U.S. savings bonds have gone digital. Paper savings bonds are history.

I’m get a bit nostalgic when it comes to paper bonds. There’s just something comforting in holding physical evidence of your investment. And the designs of paper bonds over the years have been quite impressive.

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In the old days, a family accumulated savings bonds to pay for the children’s education. War bond, savings bonds, even savings stamps that led to a savings bond were common.

Over time, even rubes recognized that this was a joke.

Sorry, but this is just another scam pulled off on “We, The Sheeple”.

If the inflation rate is what I think it is, there’s no way that Gooferment Bonds of any type make any economic sense.

And, any interest on those savings bonds add to your taxable income in the future.

Also, those “savings” count in the formula for aid for that education.

Bullion is a better vehicle for any saving. Similar to passing along an inheritance, the rounds don’t appear on any form or schedule.

Hey, if the Gooferment and Wall Street can have “off book” and “off balance sheet” entries, why can’t you?

Call it jewelry. Just don’t keep it in a safe deposit box. (FDR raided those.) Everyone should have a garden.

Keeping what’s yours and / or getting back what was stolen from you is just financial self-defense.

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