I’ve noticed a few banking scares as of late suggesting our money will be worthless or controlled by some NWO entity.
Personally, I think they are all either BS or some scheme to get your money, such as by buying gold or whatever.
I recall several years ago some South American country were giving their citizens bank accounts “hair cuts” where they simply withdrew from each account a certain percentage. What went on here at FR was amazing, as many were convinced our own regime would be doing the same, and many cashed in their IRA’s to buy other assets. This whole “hair cut” thing turned out to be utter BS.
My point is, I pay no attention to this junk. I trust my bank, it’s locally owned and very sound.
And I must add many think gold is safe. They seem to think if the country goes to hell they can use it to buy necessities. Yes, by all means, take the coin you paid $500 for and try to buy a loaf of bread or can of beans. And keep in mind the government outlawed gold ownership several decades back, and they can do it again. Gold investments are for the excessively rich that can diversify their money in different forms. It’s not for common folks with little money.
I’d beware those selling solutions for it, but the cbdc/programmable currency warnings are indeed warranted.
I've made that point here many times.
Gold is virtually worthless in a TEOTWAWKI situation. Like you say, you are not going to hand a gold coin over the counter for a loaf of bread. Not only will the clerk likely not be able to make change for it but now you will attract the wrong kind of attention and people will follow you back to your house to see what else you are hoarding.
I do have a gold IRA as a relatively small portion of my total retirement savings. It is a hedge against inflation and expect to start converting to cash at some later point to help fund my retirement.
The physical gold itself is at a despository in Delaware. I will never actually touch this gold.
Very much the same point of view here.
Just about everybody is selling something and hardly any of them are your friend.
You can’t eat gold.
The precious metals I think will have the most value will be brass and lead.
along with the appropriate delivery system.