Posted on 07/23/2021 6:18:40 AM PDT by blam
And having gold will benefit how exactly?
I don’t know what to believe anymore. I’ve been hearing this same story since the 80’s.
If I had investments, I would sell most of them and move towards metal commodities. That’s probably the best thing to do, because the stock market in 1929 lost 90% of its value.
For your interest.
Bump FRiend!
I don’t trust e-coin or stocks.
I believe metals and prepstuff and and commodities is where the money should be during tough times, because people need to eat and live. Even if they can’t do much else.
Great idea... until the government passes a law making it illegal to own more than one ounce of gold, under penalty of imprisonment, fine and confiscation without compensation. Then, all the gold one owns goes into the ground or under the bed.. unless you would care to trade it in for the new currency, at 10 cents to the dollar.
Buy lead, boys!
For later
It might come to that this time round. The elites are going for broke this time to own the world.
There is no safe harbor in the coming storm.
All will be hit.
But some less than others. It is a relative thing, not absolute
The best and riskiest investment is family and people. You are going to need them.............................
I agree. It is too late to be in gold, way too late. May be some junk silver coins and those for the actual barter value. They will be the only thing recognized as currency for a while.
Otherwise prep items. And skillsets everything from crafts to computer will be needed.
Stockman has been saying this since, like forever. Maybe he’s right this time. But maybe it’s just the same old Stockman routine.
You are right that the safest investment is people you can trust. All things will take a hit and all things took a hit in 1929 as well, including gold.
However, that things will hit rock bottom and climb up again, you want what will lose the value the least and that is the basic stuff that people use the most or will unquestionably use anyway.
So, I suggest metals, and commodities, and prep stuff for personal use. That’ what I would do if I had the money.
I completely agree.
I will starve, because I never had the same opportunites as most people, but I’m mentally prepared for that, because I can be mercifully dead in about 4 days. :)
“Stockman thinks there will be a “50% to 75% correction in the financial markets.” Stockman contends, “The only asset that has held its value over time is gold.”
If you think equities are overvalued: short equities. If there’s a crash anything like what Stockman predicts you will get 100x your investment back.
Why buy gold if all it would do is retain its value?
Stockman-is he or is he not an attention whore?
I am convinced the economy is nearing a reset, because we’ve been manipulating everything to avoid small losses. I think that’s more of a fact than anything else.
The question is what to do to protect yourself from a financial reset. The only thing I know to do is focus on what society will still continue to need, even in the worst times. That’s metals, commodities, and prepstuff.
Unless we are heading into Mad Max world, to which there is no protection for anybody who isn’t already island self-sufficient, that’s what I would do.
How would Uncle Sugar determine the amount of hard assets one possesses?
Has Stockman any sort of a track record on finacial predictions? Other then the obvious !
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.