If it lasts to the end of summer before a huge crash, I'd be surprised.
What say you?
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So what do we do then?
Convert cash to hard assets. Gold, silver are reliable. Crypto could be profitable. Stocks and other traditional paper assets are super risky in a crash. If you wanted a little GME or DWAC go for it.
Keep enough operating cash, but other than that, cash is a rapidly depreciating asset.
I am invested in DWAC and the rumble stock, whatever that is I forget the ticker symbol bit just a little. What will people do that don't have the money to do any of this?
Even if you are super broke, I'd suggest buying bulk bags of dried rice and beans.
If we have a prolonged crash: bullets, seeds, and alcohol tend to become valuable.
A little silver if you can afford it.
Consider the basics. Food, shelter, warmth.
My first survival purchases were dried goods and a water purification hand pump. A hunting rifle with 1000 rounds. A solar charger and a radio.
A solar oven is nice for cooking without creating smoke. Good outdoor clothing and footwear would be useful.
Skills like fishing, hunting, medical, and wild plant identification could make you a valuable asset to any community.
Unfortunately. I am on oxygen so people will probably find me useless.
CFVI
I personally only purchase hard assets....Real estate, guns, ammo, silver, gold, booze, non perishable food, first aid items, tools and some girly stuff cuz I’m a woman.
I don’t do crypto or stocks. This is merely my personal preference.
If you can’t afford anything then get yourself some skills to make yerself useful. If the SHTF people will band together and help each other out.
The problem is I can't do much I am on oxygen. I do what I can.
Exactly😊 We each do what we can and no one expects more.
Even if things crash, I have faith and I know we’ll find a way to make sure people are covered.
Thank you for saying.