A question on protecting your money. | |
BRIEF
User ID: 79662918 United States 03/17/2023 09:56 PM Report Abusive Post Report Copyright Violation | In most conversations, we are told that gold, silver, and other PMs are a haven for savings when the economy is going bad. Quoting: Toe Tag Okay, that makes sense, to a degree, but you are at the mercy of the moneychangers, who set the rate to their advantage, charging premiums on both sides of the transaction, and you are limited as to where you can transfer the metals back to cash. Is there a better alternative? Yes, don't panic. I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Banana Milk Sauce
User ID: 8922566 United States 03/17/2023 10:01 PM Report Abusive Post Report Copyright Violation | crypto and bitcoin is not the answer. Everything is dark no internetyou cannot retrieve your 1s and 0s aka cloud money. Good luck bartering crypto to someone. Who controls the access points to this crypto world? Point is good luck bartering crypto let alone getting more of cloud money when shtf. |
Anonymous Coward User ID: 84799864 United States 03/17/2023 10:05 PM Report Abusive Post Report Copyright Violation | My guess is everything will require conversion into a new digital currency, and gold/silver may not be allowed in this conversion. Land assets will likely be stolen and people forcibly removed from their land. When the Constitution is made null and void, no laws will be in place to protect people from having everything taken from them under this new dystopian system the psychopaths want to install. Those who have skills of importance will be the ones who may come out of this okay. Those who work in construction, plummers, electricians, computer techs, and chosen scientists will have something they can barter with, while those without these skills won't have much if anything to offer. |
Anonymous Coward User ID: 84297846 United States 03/17/2023 10:13 PM Report Abusive Post Report Copyright Violation | Nothing will save your money. Quoting: Anonymous Coward 85228351 Banks will be gone, money changers gone, supermarkets gone, food gone. You do have bigger problems than money Right Preppen for it is going to be 1800s I put 40k into the garden sprouting micro greens and small animals over a few decades. Dirt or soil soilless hydroponic aquaponic water storage and rain water recovery. |
Nefarious Libertine
User ID: 84105605 United States 03/17/2023 11:01 PM Report Abusive Post Report Copyright Violation | If you're only worried about them taking your bank deposits for a bank bail in. Then short term T bills. Yes you will lose some value to inflation but you're already losing that now if your money is just sitting in a bank account. There's two ways this shit show comes to an end. Fed pivots and drops rates back down. Which would eventualy lead to hyperinflation. Everyone is a broke ass billionare. Or rates stay the same or they raise them. This will cause banks to implode world wide and trillions will be wiped out and no one will have two pennies to rub together. Gold and silver will preserve your wealth as dollars become worthless paper in hyperinflation, where it would be cheaper to burn money in your fireplace rather than buying wood. Cash on hand not in a bank serves you better during deflationary spiral as there won't be much of it around. Both will only help you at the very begining of a collapse. In the end better have beans, bullets, and bandaids. Those will all disappear either way. Know how to garden and do for yourself. In the begining farmers were the wealthy ones, that's when gold was tied to grains of wheat for value. We do not learn from history because our studies are brief and prejudiced. In a surprising manner, 250 years emerges as the average length of national greatness. This average has not varied for 3,000years. The stages of the rise and fall of great nations seem to be: The Age of Pioneers , The Age of Conquests ,The Age of Commerce ,The Age of Affluence ,The Age of Intellect ,The Age of Decadence. Decadence is marked by: Defensiveness, Pessimism, Materialism,Frivolity An influx of foreigners The Welfare State A weakening of religion. Decadence is due to: Too long a period of wealth and power, Selfishness Love of money ,The loss of a sense of duty. The life histories of great states are amazingly similar, and are due to internal factors. Their falls are diverse, because they are largely the result of external causes. - Sir John Glubb The Fate of Empires We are at the end of the Age of Decadence heading into COLLAPSE |
Argybargy888
User ID: 85116356 United States 03/17/2023 11:24 PM Report Abusive Post Report Copyright Violation | What about Goldback currency? Goldback.com 24k Gold embedded in each bill, into smallest denominations. Fungible and a store of value. INFJ-A As with everything we read and see, truth is always just a tinder wrapped inside an inflamable veil. Confirmation bias, cognitive dissonance, paradigm investment, and false dichotomy: the four pillars of polarization. I have given up hope. Now, I am free to act unpredictably. |
Anonymous Coward User ID: 81929261 United States 03/17/2023 11:25 PM Report Abusive Post Report Copyright Violation | In most conversations, we are told that gold, silver, and other PMs are a haven for savings when the economy is going bad. Quoting: Toe Tag Okay, that makes sense, to a degree, but you are at the mercy of the moneychangers, who set the rate to their advantage, charging premiums on both sides of the transaction, and you are limited as to where you can transfer the metals back to cash. Is there a better alternative? Property |
Anonymous Coward User ID: 81929261 United States 03/17/2023 11:26 PM Report Abusive Post Report Copyright Violation | In most conversations, we are told that gold, silver, and other PMs are a haven for savings when the economy is going bad. Quoting: Toe Tag Okay, that makes sense, to a degree, but you are at the mercy of the moneychangers, who set the rate to their advantage, charging premiums on both sides of the transaction, and you are limited as to where you can transfer the metals back to cash. Is there a better alternative? Property But it’s too late prices are up and so are rates. |