Posted on 03/10/2021 4:30:33 AM PST by MeneMeneTekelUpharsin
Can’t eat gold...
Semi true but there are places where real gold leaf is used on some food. Europe even has a standard E-175 for gold in food.
This is for the elite obviously that don’t have a clue how to survive.
I prefer to have ammo and alcohol which you could trade easily.
Any kind of a fixed rate loan really.
~~~
What happens to loans with banks that go under because they get over-leveraged after inflation kills their investments?
I have a feeling the government buys them up.
Honest question.
I know you wont just get to keep the property you don’t technically own yet because the bank had the deed.
I have to agree with the people who say ammo. I know how it sounds at first blush, but everyone who said gold, or solar panels, or livestock or whatever, it just works out that if things get bad enough, someone’s going to be coming for what you got. 95%+ of people prefer civility, but it only takes a few.
That sounds too “rich” for my blood. Heh. Heh. Heh.
Yes, I’m here all week.
Ammo and alcohol and horses are all good things.
Thank you to everyone. I sold a LOT of ammo last year and made some money on it because I was SURE Trump would win again and things would settle down. I am now totally screwed thanks to the election fraud. The Democrats are experts at ruining EVERYONE but themselves.
Silver’s an interesting investment, but I’ve always been worried about investing in gold. Too easy to be manipulated, and with all the work being done by Saudis and Israelis with seawater, who’s to say they won’t kill its value? It’s a good hedge, I’m not sure it’s a great primary investment.
Dump debt. Store survival supplies (of all kinds). Always work towards improving your position.
Gold, Silver and LEAD. Lots of lead......................
Gold.
Most recommend precious metals but for most of us that means buying from some website tha most of has no idea about, credentially speaking. I fear all that is a rip off. If I could go someplace and physically purchase silver coins, preferably, where I can physically walk out of the place with them in hand would be best but I have no idea about such a place.
Buy a politician.
If we have runaway, hyper inflation it means that the global economy has collapsed. Remember, while our finances are horrible, they’re still better than 90% of the other countries on the planet. So, if things have gone TU for us, it’s worse just about everywhere else. This is one of the reasons why the American stock market was still the the place to park cash during the last global financial crisis.
If we’re in the middle of a bigger global financial catastrophe - one that brings us hyper-inflation - the only things that will be of any value will be food, water and medicine. That’s it.
For SHTF times, ammo, canned food, alcohol, tobacco.
For lesser but still precarious times, I am now looking into cryptocurrency.
GOLD.I told my guy before the election if quid pro joe won, buy gold. If Trump won, to roll the dice.
>> Don’t have debt. <<
Why not lock in debt at low rates? Pay off your credit cards, etc... but what’s wrong with a 3% interest rate on a mortgage in an era of hyperinflation? Just don’t invest in things whose value will collapse... and keep in mind, real-estate markets ARE volatile, and it’s very difficult to maintain a diverse portfolio.
Best investments: kids who love you. Family who has your back.
A small but important detail about chickens for the urbanites here. You do not need to buy feed for chickens! Chickens are natural grazers during the day, and seek high places to roost at night. The process repeats day after day, until the time comes to butcher. In this case, you snatch the chickens from the high places at night time (extremely poor night sight!). We did this for decades on the farm. The eggs can be found by simply looking for the nests. This same characteristic occurs for many similar wild fowl.
I’ve asked this of my financial advisor many times. Stocks and bonds are useless hedge against inflation. Physical gold is hard to trade. How do you get change? I’m too old to by land and such and wait until a market comes back. I plan to buy up food, bullets and other necessities for survival.
Gold, silver, and lead. Lead meaning ammo. If you can find it. It’s sells out as quick as it comes in lately. I don’t even go to shoot right now. Saving all I have.
Land MIGHT make sense, as long as the cost to hold the land (real estate taxes, property taxes, whatever your locale call it) are not too high. Otherwise, it’s an expensive hobby.
I did as you did. Sold surplus ammo and firearms at profit thinking trump would win and prices would drop.
Good news is debt paid down
Bad news no ammo to find
You can buy online safely and reliably. Just know the spot metal on the commodities exchange for that day, and price compare the online sellers. And buy it to receive it, not hold it at some remote entity. There is no advantage to buying coins, imo. You are paying for the minting process. A one ounce silver dollar costs more than one ounce bullion simply because fo the printing. Who cares! Buy 1 ounce bullion, or plates of grams for gold for example, that can be broken off for trading, buying products, etc.
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