Posted on 07/23/2021 6:18:40 AM PDT by blam
All I have is this bar of gold.
How will I get change for that bag of flour?
We can’t make change for gold bars.
The way I see it is NOW, the fed has itself backed into a corner. They raise rates and this federal gubermints largest budget bill will be the interest on the debt.
As most agree, think the Weimar Republic. We bailed that government out, and we bailed the UK out during WW2.
Who the hell is going to bail us out?
China?
Exactly! A one ounce gold bar will be next worthless for buying and selling. 1/10 oz silver rounds and junk silver dimes make much more sense IMHO.
So we will lose a decade like Japan in the ‘90s? And the rest of the world goes with us?
Interesting story last week that Russia is actually running budget surplus.
When the dollar becomes as useful as a Venezuela dollar.
Question: If the SHTF market-wise what happens to the NFL?
After the reset, after a couple of years, we will arrive at a new currency that doesn’t involve billion dollar hills. Gold allows you to buy back into the new currency with some semblance of wealth preservation.
Simplest example is that in Weimar Germany during the wheelbarrow of cash era, Say you had some gold coins. So you were intelligent enough not to spend them on a few loaves of bread because you had prepped properly. The currency a couple of years later would’ve been quite nice to buy into if you have that gold.
Even when the government banned bullion in the 1930s, there was an exception for jewelry. Coin holders on the chain are easy. But so you want to go completely dark and don’t want the government to get your gold at ten cents on the dollar.
$10,000 is smaller than the pocket change you normally carry. You don’t have a Vietnamese restaurant, an Indian restaurant, or a Chinese laundry in your town? I assure you they will happily buy your goal in such a situation. They smuggle in human beings by the conex box, a few found is easy peasy. The US government can ban gold here in America, the rest of the world will be all that more than hungry for it.
If the SHTF market-wise what happens to the NFL?
?? what
I know you’re being sarcastic. But it was much easier for the Nazis to do that in Munich in Berlin that it would be for them to do door-to-door searches here. The Germans have absolutely no tradition of fighting it out with the cops at the front door, shooting the Indians and say come on to the Homestead, or shooting it out with the guys to rob a stage coach. The Germans were also on armed, even before Hitler’s gun laws. The average person in pre-war Germany didn’t own a Jaeger rifle, or a combat handgun or a shotgun.
A lot of people think that’s dead in the American soul...I wager that it is not.
I used to think the American spirit would take several generations to stamp out. I now believe it can erased in just a few years. As seen with the obedience to mask wearing and with the indoctrination in schools, our young people are more than halfway to domestication, ala Europe of the 30s.
So in a SHTF scenario if the internet is down and you can’t just look it up, how do you determine the current value of a given gold or silver coin?
> The way I see it is NOW, the fed has itself backed into a corner. <
Agreed. And as you noted, they cannot safely raise interest rates. So it’s either default on their bills, or let inflation run wild. I’m guessing it will be the latter option.
And in a way, that will work out for them. The government can then repay its debt with inflated paper. Of course, that won’t work out so well for the average guy. But who cares about him?
You have to chip little chunks off.
100%
It will collapse the banks. All those fixed rate home loans.
Then they will try to loan money for inflated property.
What will they do?
Just like Hitler did. Start a war. That economy was right on the verge of collapse until he started that war. Then they transferred the inflation to the countries they took over. Robbed, pilfered every single thing that wasnt tied down.
I's 51% stock and 49% bonds.....
I'm just asking because I do not know.....do I just have them put everything in reserves ?.....
I think over time in a collapse that will be the case, but in the beginning, TP, ammo, basic food necessities will be a hot commodity.
I’m not an expert in investing (or much of anything else). But you might find it useful to fill out an asset allocation questionnaire. It might give you a bit of guidance.
Here’s one such questionnaire.
(Fidelity might have one, too. Give ‘em a call.)
https://ada.equitable.com/ps/analysis/risk-profile.cfm
that things will hit rock bottom and climb up again, you want what will lose the value the least
If you were a jew or even a common German middle class in the late 30’s, where could you store your wealth?
you couldn’t....................................
for the jews, eventually the gold in their teath, clothes on their back, and hair were taken.
I’m presuming a comeback, at some point in my comments. If we are past the point of coming back, you are as well off without any wealth than having it.
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