Great take on things. Crypto is rapidly becoming centralized anyway. Either from a mining perspective or the on/off ramps (read: exchanges) requiring capital controls. I'm (still) bagholding coins from 2013 that I'd like to offload, but think I missed the boat for early retirement. I have skin in the game, at least.
Personally, I don't believe the good guys are going to step in - they'll just let crypto die a "natural" death, once CBDCs are exposed. Blockchain technology is here to stay, whether certain popular coins fade away or not remains to be seen.
I think everyone in this thread can agree on one point: holding FIAT currency is a losing proposition with what we all know is coming. There are many ways to get out of fiat: precious metals, crypto, hard commodities (if you can't hold it, you don't own it), dry/canned goods and foods, firearms/bullets - anything that has trading value. Holding certain select stock securities as well: AMC, GME, DWAC, PSLV, metal miners. Real estate is hard to recommend, because of the fact that all the government has to do is jack your property tax up until you can't afford the real estate anymore.....so you technically cannot own it.
My reasoning is that there's not much I can do for a true "safe haven" in an account like 401k, other than simply shitcan the whole thing, pay the penalty, then reinvest the meager leftovers in physical assets. I'm thinking hard about doing it, but don't quite have the cajones, yet.
Metals community is pretty split over if investing in PSLV is truly worth it (try asking on WSS and it's usually a shitshow), but it's objectionably better than going with straight SLV, which is how the metals market is manipulated.
Great take on things. Crypto is rapidly becoming centralized anyway. Either from a mining perspective or the on/off ramps (read: exchanges) requiring capital controls. I'm (still) bagholding coins from 2013 that I'd like to offload, but think I missed the boat for early retirement. I have skin in the game, at least.
Personally, I don't believe the good guys are going to step in - they'll just let crypto die a "natural" death, once CBDCs are exposed. Blockchain technology is here to stay, whether certain popular coins fade away or not remains to be seen.
I think everyone in this thread can agree on one point: holding FIAT currency is a losing proposition with what we all know is coming. There are many ways to get out of fiat: precious metals, crypto, hard commodities (if you can't hold it, you don't own it), dry/canned goods and foods, firearms/bullets - anything that has trading value. Holding certain select stock securities as well: AMC, GME, DWAC, PSLV, metal miners. Real estate is hard to recommend, because of the fact that all the government has to do is jack your property tax up until you can't afford the real estate anymore.....so you technically cannot own it.
Why would you do this? Isn't it still just like SLV - paper silver?
But yeah I agree with most of the sentiment.
My reasoning is that there's not much I can do for a true "safe haven" in an account like 401k, other than simply shitcan the whole thing, pay the penalty, then reinvest the meager leftovers in physical assets. I'm thinking hard about doing it, but don't quite have the cajones, yet.
Metals community is pretty split over if investing in PSLV is truly worth it (try asking on WSS and it's usually a shitshow), but it's objectionably better than going with straight SLV, which is how the metals market is manipulated.
At least with PSLV, there is a physical holding/accounting component and Eric Sprott is a big name. https://sprott.com/investment-strategies/physical-bullion-trusts/silver/#. They also have a "real" process for taking delivery. Unlike taking delivery from SLV/COMEX.
Always prefer physical, but when your options are limited...