You know how we're in the middle of a massive inflation crisis? Remember what caused the great depression? (That's massive deflation.) A lot of people sold all their stocks and withdrew all their money at once. We should do that and see what happens. It'll probably bring prices to their lowest point since the 70s. Would be great to see. What do you all think?
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Was just thinking of doing this with my 401k and doing a rollover into gold
It will be noticed and I don't think it is so secure.
https://en.wikipedia.org/wiki/Executive_Order_6102
https://www.forbes.com/sites/greatspeculations/2013/04/05/governments-still-heavy-handed-80-years-after-fdrs-gold-confiscation/?sh=3cd60bbb16a6
In the off chance they decide to confiscate gold, you might want to consider silver
If u do, take physical gold, not their worthless paper certificates
...not a bad strategy...
You missed the yolo,into silver part.
Wouldn't work. FDIC prevents bank runs.
Sorry buddy it doesnt work that way. Stock market is an illusion, its a derivative of debt market. Fed keeps pumping money into the economy, that gets laundered through the stock market.
Its this debt-money pumping by the fed that causes inflation. There is only one solution, and that is the implosion of the debt market. Fed has to melt down, and the stock market has to meltdown as a result. Big banks have to be wiped out.
After that, we can rebuild a new economic system with currency thats backed by real assets.
What you should do is to make sure you have enough of your savings in non-debt assets. Mainly silver, gold and other precious metals. Maybe some real estate. Some people also consider crypto to be non-debt assets but I would be more cautious there.
Watch Greg Mannarino on youtube, he gives amazing insights (between all the daily rants). Ignore him when he rants about Trump.
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Deflation is bad for your debts. In general, deflation is bad for the economy.
dont you guys always say debts are cleared soon
that might be but most americans aren't saving, living in debt so nothing to pull out of banks
oof
You guys still trust the scam market? The only stock I own is GME.