Posted on 03/10/2021 4:30:33 AM PST by MeneMeneTekelUpharsin
Folks...it is becoming apparent that the Democrats are pursuing policies that are going to collapse our economy. They are also taking steps to make sure they never leave power. What is a person to do? We have the examples of Argentina and Venezuela clearly before us. Anyone have some helpful ideas? Ferfal of Argentina has a blog spot and wrote a book, but information from our situation here would be helpful.
Things you can physically hold and use - stocks and bonds would be useless, unless you can afford to hold them for 50 years....
Gold coins
I would think Land would be a good investment before the hyperinflation. Pay off your land loans at current day interest rates with hyperinflated dollars.
Equipment to produce products that people need.
If we were to have hyperinflation, what would be a good investment? Anything?
IT rhymes with bold and sliver.
Suture yourself, they will UPS it insured to your door:
https://store.firstmajestic.com/
and all the tools you need right here at this site:
http://www.kitcosilver.com/charts.html
You can sell at KITCO too.
toilet paper
Residential rental real estate and farm land if you can pay cash for it or lock into a long term loan at a low rate.
Bitcoin
Can’t eat gold.
I’m old school in this sense. Gear, thunder sticks, things that thunder sticks use, and books on certain subjects are useful.
When stuff is about to be really expensive, buy stuff before it’s really expensive. Stuff like real estate, precious metals, etc.
Real Estate, Gold, basic crops sugar wheat rice...
Lead and brass.
Ammo
“Can’t eat gold.”
Word is this was demonstrated in Japan in WWII. People had kept gold for emergencies, but found it won’t buy bread when there isn’t any.
Solar generator with extra panels. Not a climate change nut but having the ability to have lights, watch DVDs, maybe cook etc could make life infinitely more bearable
You can use Gold and Silver to buy things, because they are money. And nothing else is.
Exactly. I live where game is all over. The ability to get it is useful, as is the ability to defend or attack.
Land and tools.
Have what you’ll need, and what’s needed to make more.
Only if you assume whoever you want to trade with has change or you are lucky enough to have the exact amount of gold to trade in. When inflation was rampant in Argentina they found that it was better to have small pieces of gold jewelry than coins or bars. Easier to trade with.
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