Posted on 09/12/2024 8:14:41 PM PDT by delta7
When the electric grid blows up - and that’s coming, too - I’ll keep my gold & ammo in the useless freezer and keep stockpiling non-perishables in my Prepper Pantry ;)
He needs to beat BRICS to the punch.
If there is a choice between a BRICS dollar that is gold backed and a new USD that is gold-backed, I believe most would prefer the US currency.
But something MUST be done to render our current dollar more stable and reliable as the world currency.
The Rats' plan is to overspend and Weimar it unto oblivion, making the BRICs currency the world standard.
We have to be wise and act fast to prevent that.
As of this morning, Gold is up $21.30/oz to $2,579.60/oz
Silver is up .76 cents to $30.61/oz.
Mama LIKE! :)
The markets are NOT happy with world events, that’s for sure.
I’m not thrilled, either! But I’ll take what I can get these days...
😂
“...What is more valuable to YOU!
A pound of gold or a freezer full of food?...”
_______________________________
Why not some of both? The freezer for as long as what you have in it lasts, PMs for after that is all gone. To be clear, my attitude on PMs is, we buy some because we already have a year’s expenses already in a HYSA, we are maxing out our 401Ks and we have a taxable brokerage account and NO DEBT. PMs offer us an alternative place to store money outside of our HYSA, it doesn’t replace it and it’s not an “investment”, it is a storage vehicle.
Now, I say this as an individual that actually has a well stocked food storage bunker, a chest freezer, a back-up generator, ammo, a cash emergency fund, misc. supplies, retirement investments (ongoing) and PMs. Agree with me or disagree not my problem but I can say with a straight face we are fairly well prepared. And we didn’t get here overnight either.
So I ask again, why not some of both?
As expected, the USD is going down, around 100. Keep in mind a decade ago it was 120…long term generational decline. When Brics meet at their Summit October 22, expect a spike driven into the USD.
Hey senile Joe, how’s them Sanctions working out? Outsmarted by Vlad, again. They now have a worldwide, global settlement system, the Brics M Bridge Unit and 78 more countries have applied to join.
Prepare accordingly, it’s going to be historic!
Actually another high on open- $2607. The manipulators are starting to lose control….do realize- Gold isn’t going up, it is taking more paper FRN’s to buy.
Gold hit an all time high in Australian dollars last week, all western currencies are tanking.
A pound of gold or a freezer full of food?
————-
Food naturally. However, it must be assumed IF one can afford a “ pound” of Gold, their food question has already been taken care of.
As for a freezer full of food, it isn’t buying a Pound of Gold, storing wealth, or able to hand down to your offspring, and their offspring. Gold is, has been a storage of Wealth for five thousand years…..due note history records 4,000 paper currencies in existence have all returned to their intrinsic value- 0.
How do we know about the latter? When was the last time Ft. Knox was audited? 1986?
———-
Never has been a full assay audit been done. Congress has tried many times, no go.
Interesting read on why no audit ever accomplished.
I know I’m being selfish, but Mother Government has been messing with me for DECADES, now. Beotch has it coming, and I’m doing all I can to protect me and mine. ;)
I agree!
War and uncertainty will push gold higher, as its doing.
so what is the big picture big investment strategy applicable to (just about) everyone?
general direction:
1 withdraw from IRAs, buy gold coins?
2 in IRAs, move towards gold (or gold and other non-gold PM) ETFs (as much as practical given need to diversify)?
in particular:
1 gold coins (for usa investors) -> maple leafs
2 non-gold PMs -> silver
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