Q: Where do the really rich keep their money in great depressions?
If we are facing an economic collapse where do people who have a lot of money go? They say 401k, pensions and Social Security may be no more in 2009 on. First they said invest in gold/silver or in Asian markets BUT all that proved to be not the best idea as silver/gold is getting hard to buy and Asian markets are crashing. Where do people like the Rockefellers and Rothschilds keep their money? I see there investment company in the city, perhaps I will go to them when I win the lottery tonight for advice and hope they let me in
www.goldsenze.com Answer:
Many of them made a killing in buying up a lot of real estate. Look I know things look bad right now ? but if you look at what WarrenBuffett is doing now with stocks (buying stocks on sale), it the same thing the big wigs you mentioned above did during the Great depression with land. They knew that that would always have value ? they also invested in oil- I am not sure that is the way to go anymore(even though I own some VLO), But if you do your homework- knowing what areas are growing- what companies are best stock wise?look and see whatBuffett is buying you can do well. I know that some rich people will also put money in banks over seas or in cd?s FDIC insured. One thing to remember in all of this ?..This too shall pass
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Source: http://www.goldsenze.com/where-do-the-really-rich-keep-their-money-in-great-depressions/
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