Timeline for Put idle savings to use while keeping them liquid
Current License: CC BY-SA 4.0
9 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Aug 24, 2021 at 19:50 | comment | added | chepner | And you'll have to find someone willing to buy your Jack Daniels rather than what they can get at the store. Whiskey isn't exactly fungible. | |
| Aug 24, 2021 at 18:59 | history | edited | Flux | CC BY-SA 4.0 |
Fixed broken link
|
| May 7, 2018 at 19:15 | comment | added | xyious | Do you have any citations for your claim of whiskey increasing in value ? I assume you're just buying bottles instead of a barrel.... So it doesn't age. You'll have to spend money on storage and then you probably have to spend money trying to sell it .... doesn't seem like a winning strategy. | |
| Sep 3, 2010 at 14:09 | comment | added | Pete | This answer + your question about nickles makes your profile picture (curretly Jack Daniels + stacks of nickles) appropriate! | |
| Aug 20, 2010 at 19:16 | comment | added | bcmcfc | The concept of literally liquidating assets does amuse. | |
| Aug 19, 2010 at 7:04 | comment | added | cgp | More money was destroyed than was printed in response to the collapse of the home equity market. In terms of riskiness, commodities (Jack Daniels included) are high risk. Not just as an investment but think of the storage and resale needs. Add in regional differences and the risk only rises. Oh, and I suppose your comment was flippant, unless you've got 300 or so bottles of Jack Daniels in your basement or something. | |
| Aug 19, 2010 at 1:50 | comment | added | Muro | Almost 2 years ago the entire banking system almost collapses due to the fractional reserve nature of US banks and the massive leverage the banks took on. The FED doubles the monetary base (i.e. prints money) practically overnight to keep the banks solvent. So what do most people on this thread suggest the young man do with his money? Put it back in these insolvent banks. Was anybody paying attention? I give him a suggestion of where to keep his money outside of the banking system as a hedge against the collapse of the currency and my suggestion is down voted. Any explanations? | |
| Aug 18, 2010 at 18:06 | history | edited | Muro | CC BY-SA 2.5 |
added 235 characters in body
|
| Aug 18, 2010 at 2:49 | history | answered | Muro | CC BY-SA 2.5 |