big country
3rd January 2011, 05:42 PM
So last year I was given an EE series "Patriot Bond" that was generated on Aug, 2009. According to my research, it says that it matures in 2039!!! (20 years!) Now that this bond is more then 1 year old I'm eligible to cash it in, so far this bond has earned a whopping $1.80 in interest! What would you do with it if you had it? This is a $500 face bond (meaning $250 was paid for it)
I don't really need the cash right now, but I could cash it in and buy like $10 face of silver and have a little to spare or I could just hang onto it and see where the dollar goes? I think the second is more of a gamble, but I don't want to get burned by having too much in gold/silver either.
What would you do in this situation? I have a feeling I know what this crowd will say, but I thought I would ask.
I don't really need the cash right now, but I could cash it in and buy like $10 face of silver and have a little to spare or I could just hang onto it and see where the dollar goes? I think the second is more of a gamble, but I don't want to get burned by having too much in gold/silver either.
What would you do in this situation? I have a feeling I know what this crowd will say, but I thought I would ask.