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<p>[QUOTE="medoraman, post: 1655325, member: 26302"]I don't see how the Fed budget should necessarily have anything to do with your state. Of course you can always research your state plan yourself, and see what protections may be there.</p><p><br /></p><p>As to "paper is worth paper, and silver is worth more", I don't get that. Is a piece of paper showing you own 100 shares of Google valueless? How about a piece of paper denoting loaning $10,000 to Walmart? I guess I am not understanding the whole "paper is worth paper" argument. I know where you GET the argument from, but think its just a made up sales jargon.</p><p><br /></p><p>Seriously, why would you bet your child's education on ONLY the worlds demand for a certain metal? What if they discover another huge Comstock lode right before s/he is entering college? What if [insert many possibilities]? If you wish to save outside the 529 structure that is yoru call, but please do not invest it ALL in Enron stock, Savings and Loans bonds, or PM. Spread the risk around, thereby in my view maximizing the potential for the money to be there when you need it. The goal is not to hit a home run, but for the money to be there enough to pay for school.</p><p><br /></p><p>If you wish to swing for the fences, I would suggest doing so with your own money, not college fund money.</p><p><br /></p><p>Just my opinion.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1655325, member: 26302"]I don't see how the Fed budget should necessarily have anything to do with your state. Of course you can always research your state plan yourself, and see what protections may be there. As to "paper is worth paper, and silver is worth more", I don't get that. Is a piece of paper showing you own 100 shares of Google valueless? How about a piece of paper denoting loaning $10,000 to Walmart? I guess I am not understanding the whole "paper is worth paper" argument. I know where you GET the argument from, but think its just a made up sales jargon. Seriously, why would you bet your child's education on ONLY the worlds demand for a certain metal? What if they discover another huge Comstock lode right before s/he is entering college? What if [insert many possibilities]? If you wish to save outside the 529 structure that is yoru call, but please do not invest it ALL in Enron stock, Savings and Loans bonds, or PM. Spread the risk around, thereby in my view maximizing the potential for the money to be there when you need it. The goal is not to hit a home run, but for the money to be there enough to pay for school. If you wish to swing for the fences, I would suggest doing so with your own money, not college fund money. Just my opinion.[/QUOTE]
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