But I got to thinking: what if this happens and my 15 shares of GME become worth say $10,000 a piece conservatively- BUT ALSO GME mooning coincides with a total market crash.
I’m talking suicide weekend, economy halting, global crisis crash. GME = moon. Everybody else = Depths of hell.
You're asking the right questions. Let's just hope Trump and co. can reign in any major chaos if it comes to that.
If you're not familiar with precious metals, you should try and educate yourself pretty soon so you get the gist of it. I personally wouldn't be without at this point in time. Favouring silver pretty heavily over gold but getting both.
What happens during the apocalypse? How are you gonna go get your silver? Buy it and keep it yourself, that’s the only way you should be investing in silver.
If I wasn't going to get physical (which I do prefer) I don't see much of a problem with PSLV, you could also look at kinesis.money (this is a referral link). Andrew Maguire is the director and has done a fair bit of work trying to expose the precious metals manipulation--he comes across as a genuine guy.
My only concern with PSLV (based on the little I know about it) is according to this Sprott FAQ pdf 'The Trusts’ physical gold and silver bullion assets will be custodied by the Royal Canadian Mint (“Mint”) to minimize counterparty risk.'
I think this is a minor concern but still, I trust myself more than I trust Canada.
Are there any other physical precious metal trusts that are not easily manipulated?
PSLV and metals in general are still affected by spot price manipulation, the thing we're trying to avoid by purchasing physical metals or PSLV and other similar options is the counterparty risk; basically whether or not you will get what you paid for and as far as I'm aware, I don't think there are many alternatives to the aforementioned few.
I've tried to puzzle out the same thing. Dump into bitcoin right away? Assume the white hats have a plan to move us onto the new currency without punishing those of us who have been savers and done the right thing all these years instead of living in debt? I've just put it all in God's hands. We don't need tons of money to be happy.
This is true. If “the thing” happens then everyone will be far better off in the long run anyway.
I just get a vision of a bunch of apes on the moon swimming in dollars. But everyone on earth is laughing because they finally realize dollars are make believe money. Meanwhile apes are still just celebrating...
Bitcoin is largely controlled by China so I would recommend other crypto alternatives if you want to invest in that. I do believe Bitcoin will go up over the next month but all the other alt coins will as well.
No clue. But I rather be poor with a few million than poor with a few hundred.
Unfortunately, for the working class, fiat USD will have to have some sort of value, unless we were to just completely ditch it for a barter system. But you know that’s not gonna happen.
So I’d say get greedy, and max out you profits if you can. These Hedge funds bet on hundreds of thousands of jobs, and now, our entire economy AGAIN. So I’m going for all. My investment of $7,000 can only go up. Wether I make $300,000,000 or $30,000, I’ve already won.
But I’m buying as many hard assets as I possibly can. From property, to metals, to ammo, to straight up making lives better near me. No point in having a shit load of worthless fiat sitting in the bank
So I fully believe in the moon potential of GME.
But I got to thinking: what if this happens and my 15 shares of GME become worth say $10,000 a piece conservatively- BUT ALSO GME mooning coincides with a total market crash.
I’m talking suicide weekend, economy halting, global crisis crash. GME = moon. Everybody else = Depths of hell.
Is my $150,000 US worth anything?
Will I have time to buy gold bars?
You're asking the right questions. Let's just hope Trump and co. can reign in any major chaos if it comes to that.
If you're not familiar with precious metals, you should try and educate yourself pretty soon so you get the gist of it. I personally wouldn't be without at this point in time. Favouring silver pretty heavily over gold but getting both.
You think PSLV is a save place to diversify? Are there any other physical precious metal trusts that are not easily manipulated?
What happens during the apocalypse? How are you gonna go get your silver? Buy it and keep it yourself, that’s the only way you should be investing in silver.
Thanks Fren. I was afraid you'd say something like that.
If I wasn't going to get physical (which I do prefer) I don't see much of a problem with PSLV, you could also look at kinesis.money (this is a referral link). Andrew Maguire is the director and has done a fair bit of work trying to expose the precious metals manipulation--he comes across as a genuine guy.
My only concern with PSLV (based on the little I know about it) is according to this Sprott FAQ pdf 'The Trusts’ physical gold and silver bullion assets will be custodied by the Royal Canadian Mint (“Mint”) to minimize counterparty risk.'
I think this is a minor concern but still, I trust myself more than I trust Canada.
PSLV and metals in general are still affected by spot price manipulation, the thing we're trying to avoid by purchasing physical metals or PSLV and other similar options is the counterparty risk; basically whether or not you will get what you paid for and as far as I'm aware, I don't think there are many alternatives to the aforementioned few.
I've tried to puzzle out the same thing. Dump into bitcoin right away? Assume the white hats have a plan to move us onto the new currency without punishing those of us who have been savers and done the right thing all these years instead of living in debt? I've just put it all in God's hands. We don't need tons of money to be happy.
Where we are going, we won't need money.
I’m assuming we’ll go all?
A lamb was slaughtered. Where we go one we go all.
This is true. If “the thing” happens then everyone will be far better off in the long run anyway.
I just get a vision of a bunch of apes on the moon swimming in dollars. But everyone on earth is laughing because they finally realize dollars are make believe money. Meanwhile apes are still just celebrating...
Well, good luck on the barter system, especially when people have nothing. I say get what you can while you can, snd if you can, buy GME
Bitcoin is largely controlled by China so I would recommend other crypto alternatives if you want to invest in that. I do believe Bitcoin will go up over the next month but all the other alt coins will as well.
No clue. But I rather be poor with a few million than poor with a few hundred.
Unfortunately, for the working class, fiat USD will have to have some sort of value, unless we were to just completely ditch it for a barter system. But you know that’s not gonna happen.
So I’d say get greedy, and max out you profits if you can. These Hedge funds bet on hundreds of thousands of jobs, and now, our entire economy AGAIN. So I’m going for all. My investment of $7,000 can only go up. Wether I make $300,000,000 or $30,000, I’ve already won.
But I’m buying as many hard assets as I possibly can. From property, to metals, to ammo, to straight up making lives better near me. No point in having a shit load of worthless fiat sitting in the bank