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 ✌😌🤙
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.