Layaway making a comeback

Consumers who are tapped out are now resorting to layaway. The author of this article suggests saving in an interest-bearing account and then paying cash for the item which, under normal circumstances, is a good idea. I offer an another viewpoint: Savings accounts are paying virtually no interest. With inflation or hyperinflation lurking around the corner - layaway may make sense since you can lock-in today's price and potentially pay the item off later with cheaper dollars. If you are going to save - do it in gold and silver and you have a better chance of preserving your purchasing power.

Main Street Credit Crisis: Bringing Back Layaway for Purchases. The Anti-Saving Crusade Continues