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Old 10-08-2008, 10:47 PM   #26
Emman
Avalon Senior Member
 
Join Date: Sep 2008
Posts: 37
Default Re: Should we obtain cash from our line of credit?

Quote:
Originally Posted by Myplanet2 View Post
I took cash on my line of credit, and bought all the silver coins I could get my hands on.

This way it's almost certain to increase in value, far beyond any interest charges, and I can always reconvert some to pay the line of credit down.

And at the same time, I've got lots of silver dollars, silver half dollars, and one ounce silver rounds to use as currency should the need arise.

It seemed a sound strategy.

This idea is also to pay the line of credit down as quickly as possible with extended work hours, while there is lots of life left in the economy for the time being.

That sounds like a prudent thing to do. Where in general can one obtain silver coins or such?
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