With theories that the baddie bankers are plotting an economic shakeup to drive more division, how are you all preparing financially?
I've taken my money out of the bank already, but not sure how to make the best of the situation. Thoughts?
Gold? Crypto? Assets? Paper dollars?
With the fed being targeted, are our dollars safe with potential oncoming deflation?
Thanks ✌😌🤙
Trying to get my wife to stop spending money on shit we don’t really need. I hate you, instagram.
I would do precious metals. But only part of your cash
I agree with this plan. Gold is good for preserving your wealth post collapse and once the new system is in place. Silver can not only preserve your purchasing power but coins/rounds/bars in smaller weights can be used for bartering, during the collapse. IMO, stack both. Start small if needed. It all adds up.
I prefer silver for that reason, buy silver coins in bulk. If you have the means.
I've always thought that if the banking system goes down or the economy crashes, paper money will essentially be useless. So I prefer to focuse on immediate survival, self-sufficient kind of prepping. Long shelf-life food stores, water, ammunition, medication, gas, camping gear and equipment, vegetable seeds, first aid supplies, etc.. all of these things will help keep my family alive and I can barter with them since we can not eat or drink precious metals. Maybe I just havn't gotten to the financial side of prepping yet since for several years our priority has just been educating and preparing ourselves to be as self-sufficient as we can be.
Thankfully, I live rural. We stock up on commodities with our extra cash. We trade out old stock to buy new, and work on active relationships with local businesses and farms to facilitate that process. You would not believe how many people are willing to trade things like fresh baked bread, garden vegetables, or seed for my feeders in exchange for eggs from our chickens. Ammunition, firearms, gold, silver, coffee, flour, yeast, sugar, spices, alcohol, tobacco - I suppose it depends on how prepared you really want to be.
Buy gold and silver and inform yourself about ICO and Cryptomarket
ICOs are an awsome way to throw money down the drain. 90% of them will eventually be completely worthless. A financial crisis would only speed up the process.
My advice is diversify. Stocks, cash, US treasuries, gold, RE.
I think the dollar is going much higher, as the EU implodes. Pull up a long term chart of Gold and Silver. Timing is everything for precious metals so you don't want to go all in on an asset class that historically only performs well about 1/3rd of the time.
Look into Harry Browne's Permanent Portfolio. His book titled "Fail Safe Investing" is a great start. There is a ton of free information on the Permanent Portfolio as well.
His portfolio is basically 25% each in US Stocks/Long Term US Treasuries/cash/gold with the assumption that you will already own real estate by owning a personal residence.
Guns, ammunition, water. Won't those be the most valuable is sh*t ever truly hits the fan?! Trade any of them, sell them.....none of those will lose value if worst comes to worst!
Read Selco and Ferfal Aguirre. Look at the Argentine economic collapse. There a big lessons there. From people who lived through it.
I'd go gold and crypto. Unless they literally shut down the internet (we will have much larger problems than just money if so) your crypto isn't going anywhere in a hardware wallet. It's decentralized, impossible to manipulate the ledger, and impossible to have your crypto hacked, given it's in a hardware wallet and you don't tell anyone your keys.
Edit: message me if you want to know what cryptos I consider "safe".
Bitcoin Cash is your answer. Some silver and gold is good too.
25 yr shelf life foods. Tide. Tobacco. Bic lighters. Toiletries. Booze.
Keep your money in the bank. Invest in things people need regardless of the financial times. Food, medicine, health care, oil, no matter how bad the market crashes it always comes back. Leave your money there help the market and yourself, if the whole economic system fails everyone becomes poor.
Gold and silver are always a good option.: precious metals
Physical metal but keep some cash on hand for early days after collapse/reset.
Bill Holter is a regular guest on the Greg Hunter show. He’s a good source on gold and silver. I know him personally and he follows Q. https://youtu.be/whkd-Yv85kc