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01-03-2010, 07:58 AM

Quote:
Originally Posted by chefjeff View Post
How are you protecting yourself against deflation, if you don't mind my asking?
Cash is king during deflation. I sold all my stock assets and I'm sitting in cash. I'd like to have at least 2-3 years of living expenses in cash in the event I lose my job.

Though, I haven't sold an ounce of the silver bullion I bought last year. I'm keeping it as a hedge if the deflationists could be all wrong and hyperinflation is around the corner. I doubt it, but it's better to be safe than sorry.

The thing people SHOULD NOT be in is real estate. Sell anything that isn't the roof over your head NOW!
  
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