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Buy silver or gold with $5000?
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<p>[QUOTE="fatima, post: 1313319, member: 22143"]For cash reserves, buy I-bonds. They let you buy up to $5000/year (2X) for a total of $10,000 year. They can be purchased in as low as $25 increments. Currently they are paying $3.06% interest and this interest is exempt from state and local taxes. You would be hard pressed to find any deal like this in a bank without significant balance and time requirements. I've got a few that are paying over 6%.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1313319, member: 22143"]For cash reserves, buy I-bonds. They let you buy up to $5000/year (2X) for a total of $10,000 year. They can be purchased in as low as $25 increments. Currently they are paying $3.06% interest and this interest is exempt from state and local taxes. You would be hard pressed to find any deal like this in a bank without significant balance and time requirements. I've got a few that are paying over 6%.[/QUOTE]
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