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Author: mheusser One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2536  
Subject: Re: Best Place to Park Cash? Date: 3/2/2011 9:48 AM
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It really depends on what you think "cash" is. US Dollars?

Thanks to inflation, having you "cash" in a "safe" 10-month savings account could actually mean a net loss to earnings power.

Unless it is one of the asset classes you are considering, I'd suggest parking your money in an international currency - specifically precious metals. That will protect you from inflation risk. An easy way to do this is through Exchange-traded shares through a discount broker; you'll pay ten bucks in commission or so and the money will be all of one, maybe two business days away with a wire transfer option.

Right now that points me toward SLV silver shares, mostly because silver is trading at a much lower ratio than historically.

Of course, ten months isn't a long time, and silver has some risk. You'll want to do your own research.

But don't kid yourself: Due to inflation, "parking" your cash in a savings account also creates it's own kind of risk.

What was that song by Rush about Freewill? "If you choose not to decide you still have made a choice"?

Fool on, buddy. :-)
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