No matter what happens, inflation reduces the buying power of that money. It will be worth a lot less in the not too distant future. Transforming what you don't need into real assets is by far the best use of that money. Buy silver, gold, stocks (only certain ones), or land/property, maybe even art or collectibles. Really, you can buy any real asset and you will be better off. Anything that will retain value when the SHTF.
Money as we know it is completely worthless. That will be understood very soon. Any fiat currency (like bitcoin et al) will be worthless as soon as faith is gone, which is a necessary part of what is coming. Look at all the things people are losing faith in:
news
social media
government
all information sources
health care
doctors
pharmaceuticals
stocks
stock market
U. S. economy
World economy
Money is next. People will soon understand what inflation really means, i.e. a hidden tax that decreases the buying power of saved money. It is a tax on money in the bank.
After that they will realize that all fiat currencies are utterly worthless. They will move back to barter, and they will need an intermediary for barter for convenience. That intermediary will have to be a real asset. With a real asset tied to cryptocurrency it can be any real asset that can be easily exchanged with the physical asset itself.
It could be stock in a company, since if its on the blockchain, stock trading can be done instantaneously without any need to create a short or long during ownership transfer. It could be a crypto backed precious metal, since we have institutions that can trade that already. It can basically be anything that has real, intrinsic value.
I'm trying to figure out what to do with my IRA. It's heavy in stocks right now and I think I need to put it in safe bet stuff before the bubble bursts.
My recommendations are GME, DWAC, and Silver or Gold storage. (I am not recommending that site for an IRA, it's just one I have done business with before). I'm not sure about where to store any IRA PMs. I have never done that. Somewhere that's not a bank and/or local might be good.
If I were you, I'd get some of all three. All three are sound investments. DWAC is the most speculative, but still should be a relatively safe bet. I wouldn't put too much in, but I'd do some.
For me personally my investments are about 40% Silver, 40% GME and 20% DWACW.
GME is as solid of a company as they come. Its potential going forward is huge (having nothing to do with any potential short squeeze). I'd register my shares if I were you. You can have them automatically registered if you buy them through computershare (the agent for GME). Alternatively you can buy them through a broker and gift them to yourself at computershare (I can find a link on step by step of that if you are interested). GME is also one of the only companies in the world that isn't majority owned by institutions. It may not actually have any institutional ownership (see Part 1 of my report here).
That's not financial advice as I am not a licensed financial advisor (aka professional thief that you pay to rob you). If it sounds like financial advise, that's because I let my monkey jump on the keyboard and that's what came out.
I'd like to pull it all out but gotta pay the penalties and then lose out on my employers 3% match (if I completely got out of the IRA scheme). Even at the most modest return alone, I'm still slightly ahead of normal inflation. I just want to protect it as best as I can.
No matter what happens, inflation reduces the buying power of that money. It will be worth a lot less in the not too distant future. Transforming what you don't need into real assets is by far the best use of that money. Buy silver, gold, stocks (only certain ones), or land/property, maybe even art or collectibles. Really, you can buy any real asset and you will be better off. Anything that will retain value when the SHTF.
Money as we know it is completely worthless. That will be understood very soon. Any fiat currency (like bitcoin et al) will be worthless as soon as faith is gone, which is a necessary part of what is coming. Look at all the things people are losing faith in:
Money is next. People will soon understand what inflation really means, i.e. a hidden tax that decreases the buying power of saved money. It is a tax on money in the bank.
After that they will realize that all fiat currencies are utterly worthless. They will move back to barter, and they will need an intermediary for barter for convenience. That intermediary will have to be a real asset. With a real asset tied to cryptocurrency it can be any real asset that can be easily exchanged with the physical asset itself.
It could be stock in a company, since if its on the blockchain, stock trading can be done instantaneously without any need to create a short or long during ownership transfer. It could be a crypto backed precious metal, since we have institutions that can trade that already. It can basically be anything that has real, intrinsic value.
I'm trying to figure out what to do with my IRA. It's heavy in stocks right now and I think I need to put it in safe bet stuff before the bubble bursts.
My recommendations are GME, DWAC, and Silver or Gold storage. (I am not recommending that site for an IRA, it's just one I have done business with before). I'm not sure about where to store any IRA PMs. I have never done that. Somewhere that's not a bank and/or local might be good.
If I were you, I'd get some of all three. All three are sound investments. DWAC is the most speculative, but still should be a relatively safe bet. I wouldn't put too much in, but I'd do some.
For me personally my investments are about 40% Silver, 40% GME and 20% DWACW.
GME is as solid of a company as they come. Its potential going forward is huge (having nothing to do with any potential short squeeze). I'd register my shares if I were you. You can have them automatically registered if you buy them through computershare (the agent for GME). Alternatively you can buy them through a broker and gift them to yourself at computershare (I can find a link on step by step of that if you are interested). GME is also one of the only companies in the world that isn't majority owned by institutions. It may not actually have any institutional ownership (see Part 1 of my report here).
That's not financial advice as I am not a licensed financial advisor (aka professional thief that you pay to rob you). If it sounds like financial advise, that's because I let my monkey jump on the keyboard and that's what came out.
Damn man, reading some of the replies, you almost have a cult following after that post.
I wonder how they would feel if they knew you were a Q follower.
Some of those plebbits already had a minor freakout months ago at the thought that there are "Qanon" among them.
Part 2, if I can ever finish it, is going to destroy reddit.
I'd like to pull it all out but gotta pay the penalties and then lose out on my employers 3% match (if I completely got out of the IRA scheme). Even at the most modest return alone, I'm still slightly ahead of normal inflation. I just want to protect it as best as I can.
You can sometimes borrow from your 401k. I did that and put it into gme and silver.