I’m trying to get my wife to rollover to a self-directed IRA and then open a precious metals IRA to buy physical silver with. She doesn’t listen to anything I say though so fuck me. Also not financial advice, just an idea I had to protect ourselves.
I seriously doubt it.
You really think Trump would destroy everyone's savings and investments switching to a new economy?
I've heard that money and stocks held within our shores will hold value. Anything held offshore will become pretty much worthless.
This is why trump incentivized companies to bring their monies home.
When they flop the switch to the gold standard, all funds and monies in the country will be valued.
The new system will make counterfeiting difficult as well
hopefully he has a plan to make it as smooth a transition as possible, but the current situation is not good and needs changing; we have recessions and depressions at the whim of a foreign bank controlling our country.
I'm thinking the hedge-fund vultures who get off on robbing people into poverty, then laughing about it. When their wealth vanishes and they're on par with the homeless guy they kicked on their way to work...think we will have some jumpers.
Bonds are giving a negative rate of return right now. We also aren’t raising rates any time soon. I also don’t see silver rising but that’s more so my personal opinion the first two statements are fact.
Wish I had invested in lumber prices are beyond ridiculous. I bought some shit today that cost me 600$ that normaly would cost $250 had to have it county on my ass to finish my garage! 1/2 osb ply is 30 fucking dollars a sheet quadruple the price crazy!
Here's a strategy for y'all. Don't have all your money in the market, keep some safe. If the market does not crash, you will enjoy (if you liquidate all your stock you will not enjoy). Then, if the market crashes, yes, your stocks will also crash. Ignore that part and then put that set aside safe money into the market. There has never been a stock market crash where this strategy would have failed you, ever. In fact, using this strategy you will make some great buys with great returns.
Why not buy gold in the 401k? You can transfer 401k fund to a self directed traditional Ira and buy gold inside of it. You can even write checks out of your self directed ira (not as a loan but as an actual investment) and buy gold as an investment. People do it do put down payments on rental properties.
I'm in your camp. I don't think there is anything you can do if a massive reset occurs. If the petrodollar is dead, then the markets are going to need to be valued wrt the new currency.
Outside of withdrawing everything and paying a ton of taxes and penalties, and betting on precious metals, I can't see how there is anything you can do in a scenario like this. If there is a pause in the markets when this occurs, you'd probably lose more doing the described shuffle vs waiting for things to rebound. Trump already showed us how quickly a rebound can occur if a genuine, freedom loving American is in charge.
I pulled all my money out of equites (stocks) and bonds. They are in money market accounts getting a low interest rate. I am waiting for the crash. You can do this in your 401k and IRAs. The only concern I have is the value of the US dollar. That could fuck me over if the country collapsed. I am looking for an escape to another country if this happens. Once I choose a country, I will open a bank account and start building it up in their currency. Any thoughts on this?
I hope it doesn't kill my 401A -- I've still got ten years to work before I qualify for retirement, hopefully this mess gets overwith and doesn't take my money with it. I literally called them back in August saying I don't trust the election and want to take half out, put 1/3 in Gold, 1/3 in silver and 1/3 in bitcoin but they said I wasn't allowed to take it out. I am now thinking about quitting my job to withdrawal it all and try to get rehired again. The guy did calm me down by saying just keep it in there 10 years is a long time.
As someone who is getting ready to retire, this is not particularly comforting.
Not comforting for those of us already retired and too young yet to cash out any money from a 401k without a huge tax.
I’m trying to get my wife to rollover to a self-directed IRA and then open a precious metals IRA to buy physical silver with. She doesn’t listen to anything I say though so fuck me. Also not financial advice, just an idea I had to protect ourselves.
So it's not just me whose wife does the opposite what I suggest?
true. If i had my way we would have a moat and a 360 turret on the roof.
This sounds like a possible alternative.
Im ready to lose everything and live in the woods.
Underrated comment
I seriously doubt it. You really think Trump would destroy everyone's savings and investments switching to a new economy? I've heard that money and stocks held within our shores will hold value. Anything held offshore will become pretty much worthless. This is why trump incentivized companies to bring their monies home. When they flop the switch to the gold standard, all funds and monies in the country will be valued. The new system will make counterfeiting difficult as well
hopefully he has a plan to make it as smooth a transition as possible, but the current situation is not good and needs changing; we have recessions and depressions at the whim of a foreign bank controlling our country.
Maybe
I'm thinking the hedge-fund vultures who get off on robbing people into poverty, then laughing about it. When their wealth vanishes and they're on par with the homeless guy they kicked on their way to work...think we will have some jumpers.
Suicide weekend comes to mind!!
This is why I liquidated a few weeks ago.
Bonds are giving a negative rate of return right now. We also aren’t raising rates any time soon. I also don’t see silver rising but that’s more so my personal opinion the first two statements are fact.
Yes, I just took profit, I bought in under 20$ The hole premium and sort supply is larp along with the paper silver non-sense.
Wish I had invested in lumber prices are beyond ridiculous. I bought some shit today that cost me 600$ that normaly would cost $250 had to have it county on my ass to finish my garage! 1/2 osb ply is 30 fucking dollars a sheet quadruple the price crazy!
Here's a strategy for y'all. Don't have all your money in the market, keep some safe. If the market does not crash, you will enjoy (if you liquidate all your stock you will not enjoy). Then, if the market crashes, yes, your stocks will also crash. Ignore that part and then put that set aside safe money into the market. There has never been a stock market crash where this strategy would have failed you, ever. In fact, using this strategy you will make some great buys with great returns.
I'm thinking about a loan out of my 401K to buy physical gold with it. Dumb move?
Why not buy gold in the 401k? You can transfer 401k fund to a self directed traditional Ira and buy gold inside of it. You can even write checks out of your self directed ira (not as a loan but as an actual investment) and buy gold as an investment. People do it do put down payments on rental properties.
I've always liked to keep a few metals on hand in case of a storm...gold, silver, lead, and brass.
Not an advisor but I don’t think bonds are the answer if the fiat is going to crash
I don't it'll "crash".
I think they're going to turn off the machines and close the exchange.
I'm in your camp. I don't think there is anything you can do if a massive reset occurs. If the petrodollar is dead, then the markets are going to need to be valued wrt the new currency.
Outside of withdrawing everything and paying a ton of taxes and penalties, and betting on precious metals, I can't see how there is anything you can do in a scenario like this. If there is a pause in the markets when this occurs, you'd probably lose more doing the described shuffle vs waiting for things to rebound. Trump already showed us how quickly a rebound can occur if a genuine, freedom loving American is in charge.
I pulled all my money out of equites (stocks) and bonds. They are in money market accounts getting a low interest rate. I am waiting for the crash. You can do this in your 401k and IRAs. The only concern I have is the value of the US dollar. That could fuck me over if the country collapsed. I am looking for an escape to another country if this happens. Once I choose a country, I will open a bank account and start building it up in their currency. Any thoughts on this?
I hope it doesn't kill my 401A -- I've still got ten years to work before I qualify for retirement, hopefully this mess gets overwith and doesn't take my money with it. I literally called them back in August saying I don't trust the election and want to take half out, put 1/3 in Gold, 1/3 in silver and 1/3 in bitcoin but they said I wasn't allowed to take it out. I am now thinking about quitting my job to withdrawal it all and try to get rehired again. The guy did calm me down by saying just keep it in there 10 years is a long time.
Easter "THE RESURRECTION" from EVIL My hope!! Or my Birthday march 19th we all can dream big right!!