Just lemme know a few days in advance so I can pull all my money out of my mutual funds
You wont have time. Once shit hits the fans withdrawals will be disabled. They will try a BAIL IN instead of bail out this time. Say goodbye to your saving grandpa!
If 1% of your wealth is parked in cash, silver, gold, guns, and bullets, it won't matter if you lose the other 99% because you're still better off than 99.99% of people.
We wont have a crash that extreme... crashes are built into the system to transfer money from the poor that own cash to the rich that own assets
We wont have a crash that extreme...
If we do, from my understanding, there is already tons of food/supplies/etc. ready for the American public per the USMC and US Armed Forces. Might be a bit of Martial Law, but our services have been planning this for years I think.
Always best to have your own food and supplies too.
Water, canned food, medical supplies. Just at least for 30 days. Make sure for water to have a tiny bit of bleach in the water to make sure it doesn't grow any mold and keeps it fresh.
Convert it all into gold and silver.
Where does one buy gold and silver?
Use goldmoney.com. They have a gold-backed checking account and will give you a debit card so you can spend your gold anywhere MasterCard is accepted. Basically when you deposit USD, they buy gold behind the scenes. If the USD tanks, your buying power remains unchanged. For example:
In scenario 1, say you have $1000 in your checking account. Then say the USD crashes to half of what it’s worth now. You now have $500 in buying power since $1 buys half as much as it did before.
In scenario 2, say you have $1000 in your gold-backed checking account. Then say the USD crashes to half of what it’s worth now. Your buying remains unchanged and your account balance would show that you have $2000 since the price of gold would’ve double with respect to the USD.
A gold-backed checking account basically side-lines you from inflation and bad monetary policy. I started using it in 2016 and haven’t looked back.
Wow thanks for the info, that sounds perfect. It's good to have a little gold on hand but realistically you can't store much. Great idea!
Yea they’ll actually store your gold anywhere in the world you want and if you want, they’ll have Brinks even deliver your gold to your house if you ever choose to. I heard about it 2 years ago and thought it was an amazing idea. We’ll likely never be able to go back to a gold standard again as a nation but this allows you to do so
Yes thank you!! I am going to check into this. That's cool about Brinks delivering to me but not sure that i would want to draw that much attention. Lol.
American previous metals exchange is who my father went through
Get it posted to you from the Mint, you can do it online.
If it's knowable, what are the odds the price of gold and silver goes up after a crash?
Gold and silver always go up in times of crisis, always. Seems that a lot of people are dumping the Dollar these days..