Ok, I’ll confess that I’m trying to understand the concepts being promoted here and have so far failed to do so.
Based on the 80% devaluation scenario, should I cash out my mutual funds, IRA, etc. and purchase metals [gold, silver, lead] and wait for a recovery/stabilization or just hold on to the cash?
I’m not that well versed or educated in this type of thing so I welcome informative/insightful comments.
I would indeed buy physical Gold and Silver (as well as making the usual domestic precautions).
Also consider shares in world-leaders that are likely to do well in suddenly impoverished societies: e.g. WalMart.
Also: miners of Gold and Silver, as long as they are based outside of the US. Canadian miners for choice.
Pay off asap any kind of debt or standing cost that goes up with inflation. But if you have any kind of fixed debt then that is going to rapidly diminish, as I think someone else on this thread has already said.
Hope this is helpful. As I say, I suspect the hit will come between end Jun and end Dec. Others say we have about 18 months. But in this situation too early is obviously better than too late.