I've got a 1/3rd of my savings in physical gold and silver, 1/3rd in gold and silver shares and 1/3rd in crypto. Would like to hear what some of you guys are doing seeing as advice from anyone outside of these groups is pretty much useless. They have noooo idea how retarded shit is about to get
Comments (24)
sorted by:
Gasoline and Toilet Paper
If you can stomach the volatility, GME might be worth some shares.
AMC OCGN DOGE CARNADO
Wee nippers.
Necessary basic commodities and ammunition
Check out https://reddit.com/r/wallstreetsilver
If I had your asset allocation, I'd dump my crypto and go 2/3s into physical silver and gold until I see for my own eyes that the coming (hyper)inflation is "transitory" (it's not).
I would also dump my gold and silver shares, unless they are in PSLV, and use that to stock up on ammo, food storage, propane, etc. If you're in SLV, sell ASAP (no real physical backing it).
Of course, I'm a crazy prepper, so take anything I say with a grain of salt.
Agree 100%.
Assets you can hold and bury in the yard. Hard to do that with crypto.
A full pantry, plus a couple of months of dehydrated stuff.
You only agree with me because you're a very smart pede ;)
Your last sentence is spot on. Likely scenerios...stock market crash, soon. Also, likely possibility U.S. dollar becomes toilet paper. Physical gold and silver will always hold value, property,, guns & ammo. If your crypto is bitcoin, be careful...got a feeling it is about to be destroyed.
XRP ;)
XRP and .223. My only investments
Hodling copper pennies (insurance more than investment).
Need more bic lighters and 2oz liquor bottles.
Owning land and stonks and fed notes in case society doesn't collapse.
Speculating in medical cannabis and psychedelics.
I've got some money in $GME. Looking like it could be used to expose market manipulation through naked short selling. If the theory is correct then the share price will skyrocket from a massive short squeeze. The media is running cover for exposed hedge funds by saying the short squeeze is over. A lot of evidence suggests that it hasn't happened yet.
https://www.reddit.com/r/Superstonk/
I'd be very careful which funds your gold and silver shares are in. From what I understand, most are heavily manipulated without true physical backing. Safest to assume is "you don't hold it, you don't own it".
When everyone I know is pushing crypto and can't even explain it, my guess is that it's reached peak and will continue to crash with exception to a few shitcoin lottery tickets. I'm not a fan of cryptos that aren't backed by anything and have no utility. Can't argue that people have made a lot of money with it.
There tons of similarities in the way wallstreet is acting and the election officials.
I expect correction to around 30k and last push to 90k. After that btc is going to be banned..
Here's my personal strategy, though note that I'm not a financial advisor ;)
In order of priority:
Buy stocks in strong companies with good balance sheets and solid profit, do not buy the wall street bets stocks like GME and AMC unless you have money to gamble. I'm too close to retirement age to gamble with my savings. Diversify your stocks -- don't just buy tech stocks. Buy a basket of stocks in different industries. Read up on what does well in inflation if you think that's where we are headed. PS: Tech stocks will not do well in an inflationary environment.
Again, I am not a financial advisor but I've been watching and reading a lot lately about the markets. My expectation is that we are going to see a market rally similar to what we saw in the late stages of the dot com bubble. And then by the end of the year we will see a possible crash. In a crash like what we saw in 2001 and 2008, all asset classes dropped. David Hunter is one person that explains well what he sees ahead: https://twitter.com/DaveHcontrarian
Read about trailing stops and figure out what yours should be.
Now if we have a market crash and a constitutional crisis at the same time, then who the heck knows what will happen. I haven't seen anyone talking about this but this is a concern of mine.
Thank you for pointing me to David Hunter
Food, water, soap, toothbrushes, toothpaste. Alcohol. High alcohol content liquor for a poor mans disinfectant or bartering. Barterable items
Gme baby
Ive stopped trying to convince horses to drink water. But you should read this (from an ex wall street guy): https://archive.is/02Sxr
Sounds like you are perfectly sane, and can spare $400 for a GME share.
Guns bullets gold food and survival gear.
GME & DOGE
Gamestop
use BTC as your savings account. It will go over $100k at the very least if theres a crash.