Looking for advice on how retirement accounts might ride out the Storm. I've been building a nestegg that is entirely in Vanguard/Fidelity. What do you think of precious metal funds or government securities?
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No guru, but physical possession of metals recommended
Right now precious metals is the best way to safeguard wealth. But physical is the most secure. All the other paper for metals are probably going to be pretty risky
This is not financial advice.
My personal view is to expect a giant rotation out of finanscials and tech into commodities.
Big building boom going to happen. Buy silver (short supply, best conductor of electricity, finanacial asset), steel producers, food producers, copper miners.
I think buying land is the best bet tbh.
No guru, but definitely a AU / AG and Pb bug.
Having at least some is smart.
yet, having these in and of itself won't help you either. Your opsec determines the value and function, at least in the final instance.
One consideration: .gov securities hang on the trustworthiness of the .gov. You have to judge for yourself, how much you will trust it.
The smart are getting $ outside the western banking system (banks, brokers) and into physical silver and gold. I personally only buy American made from http://www.ScottsdaleMint.com
Not a Guru here but someone with a fairly sizeable financial exposure (85% stock market). I called my brokerage house Thursday morning and took 80% of my total portfolio and moved it into a "conservative" mode. I'm going to wait on the sidelines about a week or two before I make any changes, this way I realized some significant gains without taking any taxable income. My advisor mentioned that the conservative portfolio (Gov securities/bonds) was paying ~5%.... I was getting around 15% over the last 3 months which was bound to change or turn around at some point. Bottom line is if you're able and want too, move to the sideline for a short time. You may lose out on short term gains but your money will be safe.
i bought a shit tonne of bitcoin recently, hopefully skyrockets when the world realises how fucked up the government is. gotta take risks
bitcoin is gonna crash. and HARD. It has too many tentacles around it from China and the Elite laundering money.
Hell yes. Everyone get out of BTC. I pulled mine and converted it to others last year. I feel much more comfy now.
They have about 40-50% of the mining. Rest is spread out worldwide.
Cryptocurrency is sketchy AF. BTC is heavily manipulated and can lose 30% of its value in mere hours. So many people buying high right now and are gonna lose their shirts.
i bought at like 22k so a bit of a drop won't kill me, agreed tho it is sketchy af, yolo
was gonna do the same, but if shit really goes down hard, and all the talk is true, gold standard and such, the dollar will be strong again, so I'm not so sure about buying anymore
yeah i know, so getting dollars now wouldn't help.
Also idk man, we're both here, at this point what's not feasible?
from my small journey on yt economics, MMT is a joke spouted by the likes of AOC ,but whatever , lets just see what happens, all the speculation since the 6th has drained all my energy