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Re: Municipal Bond Funds 

By: Decomposed in 6TH POPE | Recommend this post (1)
Sun, 09 Aug 20 5:32 AM | 38 view(s)
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Msg. 04449 of 60014
(This msg. is a reply to 04448 by Zimbler0)

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Zimbler0:

Re: “And to be honest I'm finding it difficult to find something 'safe' that pays better.”
That's a tough one since we may disagree on what 'safe' means. Short term or long term? Able to withstand what sorts of crises? (I don't think there's anything that's safe if the world has an all-out nuclear war.)

Assuming we have the same definition of the word, gold is probably as safe as it gets. I've been advocating it for a very long time, and so far I've been right. (The 3% you just cited would yield 23% in seven years. I just finished complaining about the 26.5% return gold yielded in 7 years. That was one of its BAD stretches.)









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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Municipal Bond Funds
By: Zimbler0
in 6TH POPE
Sun, 09 Aug 20 4:30 AM
Msg. 04448 of 60014

I have shares in two municipal bond funds.

I like the federal tax free income . . . but the return
is around 3% . . . And to be honest I'm finding it
difficult to find something 'safe' that pays better.

But I'm worried about all these cities getting burnt up,
and the loss of tax revenues. . .

Anybody have any ideas as to whether or not my municipal
bond funds will continue to pay out?

Zim.


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