Comments about ‘Letters: Investing options limited’

I don't think that time will come again. The world has changed.

The consequences of higher interest rates would be disastrous at this point. That's why you won't see banks offering those kinds of savings rates in the foreseeable future. Twin Lights is right, the world has changed, and you can thank our financial elites for that. They're making a killing at our expense. It should tell you something that the Washington D.C. area is the wealthiest in the U.S.

Things have changed indeed for the time being, anyway. No more will savings pay interest. There are other options, but they're risky. I made a few bucks on the slot machines recently, not everyones' cup of tea. Buying gold or oil can be interesting but sometimes takes some courage when things go down. I have a couple of canadian REIT investments that are doing OK. There aren't 'no' options anymore, but they're different now, and not nearly so assured as they used to be.

6 or 8 percent on savings accounts would mean loan rates of 12 - 15%. Not a good idea

For as long as the economy is slow, growing money will be difficult. You can't lend it for a decent rate of interest. Business are not growing, so investing in improvements won't be profitable.

Where do you expect the bank to get the money to pay interest? From the rich?

Banks have to use depositor money to invest for a return, in order to pay interest. This is vilified, by the left, as gambling in the wall street casino, but it is the way banks stay in business.

This lingering poor economy is the result of the petty class that wants to make sure those nasty business owners don't make any money, being in command of the federal government, and suppressing all growth in the name of social justice.

Well, anti-growth policies hurt everyone. It all comes home to roost, my friends. Welcome to the reality of what you wanted.

1st world problems are the pits...

When the gold bubble bursts, the doomsday's profits will start investing in assault weapons.