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Show iniiiiiiiiiiiiJiiuimHiitiiiiiiiiiiiiiijiiiiii u " - ' Don't Sell Your Bonds Short One of the dangers of these inflationary times is the possible loss of public confidence in and acceptance of U. S. savings bonds'. High interest being paid by banks and olhcr savings institutions might, at first glance, make earnings on savings seem less attractive. This danger, it might be said, hasn't yet been felt here, which does credit to the good sense of our people. Purchases of savings bond? in Utah last year were higher : than in any year since 1945, Federal Reserve reports showed ! recently. i I Still, many holders of bonds might well be wondering whether to cash them in or hold on for awhile. In making this decision, there are a few considerations that all citizens ;j might well consider. I' One is the matter of the national interest. Savings j bonds constitute the most effective anti-inflation weapon i in the hands of the citizen, for money not obtained by the government in this manner must be obtained by oth,er, far . more inflationary methods. .) Realistically speaking, however, few bondholders are j going to make their decisions on this basis. Most of us decide such things on the basis of the effect on our personal j pockctbooks. Here, too, a bit of extra thought is in order. Moreover, there is no state tax on savings band earnings, earn-ings, and these bonds represent a 19 -year contract with ,' guaranteed earnings. Investments like that aren't easy to find. It may well be that the pressure of higher interest rates may force an increase also in savings bond earnings. Even if not, the man who holds one would do well to think twice before rushing out to cash it in order to invest in what ' seems to be a better savings system. |