I had purchased $50 savings bonds for my kids' education on a monthly basis for about 10 years. Upon cashing in some of them, I was happy to discover that $500 in bonds were now worth $718.
AUQ is down 40% from when I bought !
I'm famous for "stating the obvious", so here goes. Certain banks have closed and there's been talk that more closings are on the way. I'm assuming that once a bank closes its doors for good, all of said bank's safe-deposit boxes are no longer safe or accessible. ???
I have a 401K through my place of employment. I am planning on putting most of it into the money market option that's available. Is this a somewhat safehaven if the market crashes ? What if things really get bad ? Can a money market fund tank along with the market in general ?
Any advice is greatly appreciated.
How safe and consistent is GLD for those of us who don't want to deal with physical gold ?