Free Republic
Browse · Search
General/Chat
Topics · Post Article


1 posted on 04/12/2020 11:17:20 AM PDT by fightin kentuckian
[ Post Reply | Private Reply | View Replies ]


Navigation: use the links below to view more comments.
first 1-2021-4041-59 next last
To: fightin kentuckian

At this point, it’s almost as if currency will matter less than some kind of material commodity, if severe inflation and devaluation of currency actually does happen.


2 posted on 04/12/2020 11:18:41 AM PDT by Morpheus2009
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

Buy silver and gold while its still relatively cheap.

Keep your reserved cash in Canada.


3 posted on 04/12/2020 11:19:56 AM PDT by Candor7 (Hydroxy-chloroquine, she isss jour fren ! Know the Zelenko Protocol)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

I’m in most everything. Diversified they call it.

Some things directly, some by way of stocks, ETFs, preferred stocks, bonds and mineral rights.


4 posted on 04/12/2020 11:21:28 AM PDT by SaxxonWoods (Epstein pulled a Carradine, the bozo.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

Debt itself won’t cause a crash.

The 80%+ unconstitutional portion of the $4 trillion government interfering in every aspect of our lives with it’s commensurate high taxes is the real economy killer.


5 posted on 04/12/2020 11:23:05 AM PDT by Jim W N (MAGA by restoring the Gospel of the Grace of Christ and our Free Constitutional Republic!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

6 posted on 04/12/2020 11:23:07 AM PDT by BenLurkin (The above is not a statement of fact. It is either opinion or satire. Or both.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

Just give me your money.


7 posted on 04/12/2020 11:23:13 AM PDT by Repeal The 17th (Get out of the matrix and get a real life.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

The money will be converted to historical US Notes issued by the US Treasury and indexed to physical gold.

We will be fine.

The Fed and its member monsters will be in agony.


8 posted on 04/12/2020 11:23:16 AM PDT by Hostage (Article V)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

I cashed out of 401k and IRA after 2008 crash. never again.


9 posted on 04/12/2020 11:23:23 AM PDT by exnavy (american by birth and choice, I love this country!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

I would stay in the 401(k’ plan. It will come back up quickly.

We are still living in the wealthiest society in human history and it will only improve.


12 posted on 04/12/2020 11:24:52 AM PDT by SamAdams76 (A New Yorker died every 1.8 minutes of Chinese Virus over the past 24 hours)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

> a lot of Freepers are extremely smart, connected, and in the know about a variety of topics <

I am none of the above. But I can’t see the Federal government defaulting on its debts. So the only other alternative is to print their way out. You want to cash in your Savings Bonds? No problem. Just give them a second to print you a stack of twenty dollar bills.

So the question becomes which assets would do well in inflationary times. Gold? Real estate? Blue-chip companies?

Regardless, this inflation might not happen for 10 or 20 more years. The politicians are really good at kicking the can down the road.


13 posted on 04/12/2020 11:25:33 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

I’m working on getting mine out of the 401K and into real estate.


14 posted on 04/12/2020 11:26:13 AM PDT by Lurkinanloomin (Natural Born Citizens Are Born Here of Citizen Parents_Know Islam, No Peace-No Islam, Know Peace)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

Any economic “crash” would be due to deflation, just as happened after the 1929 crash, and unlike what SHOULD have been done in 1929, the solution today is to prime the economy with large amounts of cash, much like priming the carburetor of a cold engine with excess gasoline and then leaning out the mixture after the engine warms up ...


15 posted on 04/12/2020 11:26:33 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

2/3rds of our Investments are in Cash. Waiting for the right moment to move money into the Market.

I’ll be dead by the time the reckoning occurs. A $30 Billion National Debt meets rising Interest Rates. Half the Federal Budget just paying Interest on the Debt.

Should be interesting.


16 posted on 04/12/2020 11:27:24 AM PDT by Kickass Conservative (THEY LIVE, and we're the only ones wearing the Sunglasses.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

now would be a good time to invest in mental health businesses (Are there any on the stock exchange?)- they are likely seeing a steep increase in patients

Just a thought


17 posted on 04/12/2020 11:27:28 AM PDT by Bob434
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

I’ve heard this fearmongering for DECADES!


18 posted on 04/12/2020 11:27:35 AM PDT by faucetman (Just the facts, ma'am, Just the facts)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

We will go to a barter economy, gold and silver coins, etc., will be worth something, other things maybe not as much. Diamonds for instance will be a dime a dozen, everyone will try and use them but they are neither scarce or will be very valuable, except for antique and certain pieces of jewelry.


20 posted on 04/12/2020 11:27:43 AM PDT by Captain Peter Blood (https://www.freerepublic.com/focus/bloggers/3804407/posts?q=1&;page=61)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

Is your house paid off? I would invest real estate.


21 posted on 04/12/2020 11:28:18 AM PDT by ThisLittleLightofMine
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

My parents went through the Depression in the 1930’s.
Both knew of older people who ‘stopped believing’ in the reliability of banks, any bank. Some of these folks would hide huge amounts of currency around the house, around the property they owned.

Every so often, I hear of such stories now, where a Second Hand Store reports $85K in cold cash found inside the cushion linings of an ancient sofa.

I too would consider keeping my meager inheritance in my apartment, instead of spread out into three banks as it now is, but my apartment could always get robbed. Then what?


23 posted on 04/12/2020 11:29:33 AM PDT by lee martell
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

I will say this, don’t buy into the garbage “gold” advertisements that will be playing non stop. Those are designed to generate commissions and pump up the prices in the short term (while they are selling). In a real collapse, gold is useless.


24 posted on 04/12/2020 11:30:17 AM PDT by StolarStorm
[ Post Reply | Private Reply | To 1 | View Replies ]

To: fightin kentuckian

We live in an era of extreme trust in financial and paper assets. As you say, this trend or cycle will turn at some point.

My great-uncle, who was born in 1880 in a country cabin and lived to be nearly a hundred (I was an adolescent when he passed) used to talk about his life, and even wrote his biography and the history of his town for the local historical society.

He trusted his own labor, and his family. He believe in productive farm land and his cows. He owned a saw mill. He collected silver. I am certain he used banks, but have no idea if he owned stocks or bonds.

Anyway, his was a different era, where mass financialization and massive printed-money debt didn’t even exist. So investments were in things he controlled and could (mostly) touch and feel. These tangible and solid assets of our age will be different, but many will be the same, and I think we will tend to go back to those general concepts.


25 posted on 04/12/2020 11:30:41 AM PDT by PGR88
[ Post Reply | Private Reply | To 1 | View Replies ]


Navigation: use the links below to view more comments.
first 1-2021-4041-59 next last

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson