We do have some savings, but other than that, no investments. What should we be investing in? Where should we keep it?
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Gold and Silver are good stores of value, but you're still going to be relying on fiat with them. If you want to buy groceries or gas, you've got to convert it back to fiat.
And it doesn't help that the vast majority of people have no clue how much gold and silver are worth. Mark Dice has done several videos showing this. So in a barter and trade situation, we may end up trading at a huge lose.
I think crypto will be our lifeboat much like it has been for Venezuelans. That's not investment advice, just the way I see things going. There are thousands of cryptocurrencies now. Most of them won't do shit. But some of them will, out of sheer necessity.
Love Mark’s videos on this topic. ‘Would you like a bar of chocolate or a bar of gold’. Chocolate please. Chocolate. Chocolate please. You don’t want gold? Nope, the chocolate - What if I told you you can cash that gold bar in and buy lots of chocolate- no, chocolate please. Then finally. You chose chocolate- what if I told you this bar of gold could be cashed in at that coin shop just there. Still want the chocolate? Yep. How much do you think you would get for this bar of gold? Worth nothing. Are you sure? Yes. This bar of gold if you took it into that coin dealer NOW he would give you cash for it. How much? $1700.00 (old video). Can I have the gold instead of the chocolate? Nope. Lesson learned. 😂
If we are without electricity or internet, you’re not. Gold and silver every time.