If you have cash laying around, long term it's always better to hold gold or silver instead of cash. Cash loses value constantly, even in good times. Gold and silver's main function as an investment is as a hedge against inflation.
An ounce of gold will buy almost as many loaves of bread as it would 100 years ago. The buying power doesn't change much. By contrast, $1 worth of goods in 1922 costs $16.89 today.
Any cash you don't need for living, anything you consider "savings" would be better placed in precious metals.
But don't convert any funds you might need access to. The premiums when buying and selling will bite you.
Bottom line, if the US dollar start to tank, you want to be holding anything but cash.
I have to believe there is a plan in place to protect us from this circumstance. There is no way the plan involves turning 300 million Americans into paupers. There is no way they are going to turn the richest nation on earth into the poorest.
If thats the plan then Id rather die going after the scum with brass and lead. And if the result of the plan does turn us into paupers, then the plan failed spectacularly because there are millions like me that would pick up their weapons and blood would flow freely in our streets. That may be the cabals intent, but Patriots are doing everything possible to prevent this occurring. That is in large part why this is taking so long.
Therefore, investing in precious metals is wise, however you do not need to convert everything you have into gold. If what I believe is true then the Patriots have cleaned out most of the worlds gold and Trumps EO will remove the assets of the richest people and corporations who have conspired in this treason, and there will be some sort of a distribution and currency exchange plan.
For those on a budget silver is a good investment.There is 17 times more silver than gold in the earths crust. The value of these metals should be 1 to 17 or even better considering silver also has many industrial uses where gold does not. At $25 compared to $2000 the ratio is about 80 to 1. Silver is extremely and artificially undervalued.
Generally up but we are in unprecedented times and the next crash will likely be unlike anything we've ever seen. It will still be better to hold gold or silver than any fiat currency though.
What happens to the price is somewhat irrelevant though. What matters is the buying power associated with an ounce of gold or silver. If the dollar tanks, an ounce of gold may be worth $20,000 next year but that doesn't mean it will buy you what $20,000 will buy you now. It will be worth $20,000 because the dollar is worth less.
In 2019, prices were doubling every 2 days at the peak of Venezuela's hyperinflation. Those who had their savings in Venezuelan Bolivars got wiped out. Those who had gold maintained their wealth. I believe the only thing that's keeping the same thing from happening in the US is the fact that the world still has faith in the USD. If that changes, things could get messy in a hurry. If Russia is actually doing this, it may be the beginning.
The Fed's actions since 2020 have been so incredibly reckless I feel like the end is near one way or another. The optimist in me feels it will be okay, regardless of your savings or debt. I think there's an even Greater Reset in the works. I think we'll like how this movie ends. But if not.. It can't hurt to prepare accordingly.
If you have cash laying around, long term it's always better to hold gold or silver instead of cash. Cash loses value constantly, even in good times. Gold and silver's main function as an investment is as a hedge against inflation. An ounce of gold will buy almost as many loaves of bread as it would 100 years ago. The buying power doesn't change much. By contrast, $1 worth of goods in 1922 costs $16.89 today.
Any cash you don't need for living, anything you consider "savings" would be better placed in precious metals. But don't convert any funds you might need access to. The premiums when buying and selling will bite you.
Bottom line, if the US dollar start to tank, you want to be holding anything but cash.
Thx
I have to believe there is a plan in place to protect us from this circumstance. There is no way the plan involves turning 300 million Americans into paupers. There is no way they are going to turn the richest nation on earth into the poorest.
If thats the plan then Id rather die going after the scum with brass and lead. And if the result of the plan does turn us into paupers, then the plan failed spectacularly because there are millions like me that would pick up their weapons and blood would flow freely in our streets. That may be the cabals intent, but Patriots are doing everything possible to prevent this occurring. That is in large part why this is taking so long.
Therefore, investing in precious metals is wise, however you do not need to convert everything you have into gold. If what I believe is true then the Patriots have cleaned out most of the worlds gold and Trumps EO will remove the assets of the richest people and corporations who have conspired in this treason, and there will be some sort of a distribution and currency exchange plan.
For those on a budget silver is a good investment.There is 17 times more silver than gold in the earths crust. The value of these metals should be 1 to 17 or even better considering silver also has many industrial uses where gold does not. At $25 compared to $2000 the ratio is about 80 to 1. Silver is extremely and artificially undervalued.
Once the system crashes what happens to gold price? Up or down? Impossible to know?
Generally up but we are in unprecedented times and the next crash will likely be unlike anything we've ever seen. It will still be better to hold gold or silver than any fiat currency though. What happens to the price is somewhat irrelevant though. What matters is the buying power associated with an ounce of gold or silver. If the dollar tanks, an ounce of gold may be worth $20,000 next year but that doesn't mean it will buy you what $20,000 will buy you now. It will be worth $20,000 because the dollar is worth less. In 2019, prices were doubling every 2 days at the peak of Venezuela's hyperinflation. Those who had their savings in Venezuelan Bolivars got wiped out. Those who had gold maintained their wealth. I believe the only thing that's keeping the same thing from happening in the US is the fact that the world still has faith in the USD. If that changes, things could get messy in a hurry. If Russia is actually doing this, it may be the beginning.
The Fed's actions since 2020 have been so incredibly reckless I feel like the end is near one way or another. The optimist in me feels it will be okay, regardless of your savings or debt. I think there's an even Greater Reset in the works. I think we'll like how this movie ends. But if not.. It can't hurt to prepare accordingly.