Hi there,
I apologise if this is more appropriate for the daily discussion thread, but I figured many of us would be interested and benefit from a direct discussion about this topic.
I am only in my 20s, but I’m married and have a little baby. I’ve never been involved in investing in stocks/bonds/gold etc. because I always felt like it was a bit like gambling. I preferred to keep my hard-earned money in a simple checking account or in a safe. Not to mention, what happened in 2008 made any trust I had in those systems completely disappear.
Now I feel for the first time in my life that I ‘know’ something will happen on a global scale (apart from the Lord returning for us) and with all this talk of going back to the gold standard, decentralised banking etc. I was wondering if some more financially-minded brothers could share some investment (or divestment) advice regarding what to do with our money over the next couple of months?
I understand that it is still not certain what will happen, but I feel like there must be at least certain principles to stick to or general advice. But I will definitely also welcome specific advice or ideas!
Should I buy as much gold as I can? Should I try to ‘short’ companies that I predict will go under as a result of this (media companies, Chinese-owned US companies etc.)?
Thanks so much in advance,
- a little tadpole in a lake full of alligators
Buy precious metal... silver... lead... brass...
gold and silver ideally because who wants to be hauling 100's lb of lead about.
Wait so if you buy gold, it gets physically shipped to your house?