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Re: Municipal Bond Funds 

By: Decomposed in 6TH POPE | Recommend this post (3)
Sun, 09 Aug 20 5:38 AM | 34 view(s)
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Msg. 04450 of 60014
(This msg. is a reply to 04449 by Decomposed)

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Zimbler0:

Re: “Anybody have any ideas as to whether or not my municipal
bond funds will continue to pay out?”
Cities that go bankrupt will default on their payments. I think you are right to be concerned.








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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:
Re: Municipal Bond Funds
By: Decomposed
in 6TH POPE
Sun, 09 Aug 20 5:32 AM
Msg. 04449 of 60014

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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