I've been listening to X22 talk about the coming economic collapse.
What exactly are we supposed to do to prepare for that? As far as I can tell, I should try invest in crypto, metals, and food. Friends tell me to invest in stocks as well, like oil, food, DWAC.
My question is whether any of this will really matter?
Anybody know how to preserve wealth during hyperinflation?
food, water ,ammo
Collagen.
All these are good. Invest in skills. In that world what will people need the most? Teach yourself that. It varies depending on where you live etc but teach youraelf usable skills that can be bartered or paid for in an economic meltdown
If there is a major economic collapse (which I think is possible, but not certain) one of two things will happen:
In the first case I recommend investing in lead and making peace with your maker and yourself.
In the second case I recommend getting a couple months of long term food stores (camping food e.g.) and investing in real assets (DWAC, GME, Silver, Gold (not as good as silver, but not bad), land etc.).
Crypto, bright idea. Power or internet goes out,poof,your money is gone!
Buy actual physical assets! Don't hold it,you don't own it!
I'm 100% in physical silver.
I personally have gme, amc, dwac, some cryptos, and silver.
I only have about 1200 spread across the stocks as those are really just moass lottery tickets.
The cryptos and the silver are my true hedges.
Don’t ignore the “other” metals if you can’t afford gold and silver… copper is almost 5$ A lbs here now. Aluminium almost 1$…
GME. Yolo.
Silver & crypto. Stocks would be GME, AMC, and NAKD. Holding all.
Land, real estate, precious metals, and other valuable commodities such as food, water, ammo, power (off grid solar, hydro, or geothermal).
In the event of hyperinflation, crypto will skyrocket if the internet still works. Metal will skyrocket but probably only physical (don't buy paper metal like ETFs). Real estate will also skyrocket. The disadvantage of metal and real estate is the gov could try to confiscate it. Properly secured crypto is impossible to confiscate, they would have to convince (torture) you to give it to them. The advantage of metal and real estate is they are yours even if the electric or internet goes out.
In any case, you should have some firearms and practice with them. Learn simple methods for growing and preserving food.
And remember: fear of death is the beginning of slavery, you are an immortal soul.