Personally I am 90 percent cash and 10 percent prec metals. No one knows if we will face deflation or inflation, we need to prepare for both. Get out of debt. That is financially. From a prep viewpoint, accumulate 6 month or more in food, have a source for clean water, stockpile toilet paper, meds, etc. Last and not least one firearm with ample supply of ammo for self protection. Most likely scenario is a financial crisis, and a currency reset like Mexico in the 1990’s or recently Argentina. Study what happen with these two nations and what followed. Prepare for bank holidays, limits on ATM, no credit cards, reset of currency.
Okay, I need to prep....
“reset of currency?”
Watch, Obama just might get his face on the 5,000 bill.
“90 percent cash ....”
Cash, in what form?
I’ve got the rest covered, just need to do some stocking up...
QE1 and QE2 are probably the only reason we aren’t seeing Depression 2 deflation.
I used to laugh at my grandparents who had around a thousand rolls of tp and paper towels stored. I don’t laugh anymore. They made it through the Depression better than most through farming and taking things in trade. I learned a lot from them but wish I’d learned more.