I listen to X22 everyday and Dave always mentions "saving your wealth and investing in precious metals and crypto". I don't know much about the stock market. My plan right now is to buy some physical silver and just hold it and wait for it to go up and the plan to go through. Is this a decent plan to have some money saved for the future or am I retarded?
Guys, enlighten me if I'm wrong but, the reason why Dave is suggesting investing in cypto and precious metals is because they're going to become the standard currency in the future when the Q plan goes through right? Which means they will have a lot of worth?
So that means buy cypto and precious metals right now, then when the plan happens you're safe and you have some money left because all of the fiat money from the central banks is going to be worth nothing. Is this correct?
Thanks frens
How to buy silver:
My recommendations: Probably buying sacks of old US silver coins is a good idea. You want little bits of silver to buy and sell with. Giant coins and bars are not ideal, but silver is so cheap that they can still be used. 1 oz is about $20-$30 or so.
Be sure to store the silver properly so it doesn't tarnish. No one wants dull silver coins.
Cryptocurrency: When the power goes out or the internet goes down, how are you going to use it?
US cash: I think keeping a few thousand in $1s, $5s and $20s is a wise idea. I feel like you'll get more mileage out of this than the others. IE, it's actually useful TODAY, because you can pay contractors in cash and they will give you a discount or be your best bud for life. It's always nice carrying a few $20s around knowing you can get more without going to the bank. Again: what happens when the power goes out or the internet goes down? How do you intend to withdraw funds?
Stocks: Avoid! If Trump were obviously president right now, then I would recommend index funds as these tend to grow as the US economy grows.
Real estate: I'd go here. It's a lot more work, and your cash will evaporate, but you will learn how to survive on your own land and it grants tremendous peace of mind knowing that if push comes to shove, you will still have your land. Ideally, own your land outright, borrow money to buy feed and seed and such. The bank can take your feed and seed, but they can't take your land.
Gold?