Be Prepped Anons. Market and Crypto Continues it’s Tumble. Silver and Gold Waffle But More Stable.
👀 EYES ON! 👀
Just a reminder to continue to be prepped Patriots and Anons. The stock markets continue their tumble, Crypto is dragged down, and Silver and Gold waffle but are more “stable”. We’ll see if this continues and this is the main collapse, or all will rebound a bit, then the big collapse we’ve been watching for will come closer to midterms.
But regardless frens, stay prepared and stocked to weather this increasingly arduous Storm. WWG1WGA.
https://www.thegatewaypundit.com/2022/05/biden-economy-markets-fall-sp-reaches-52-week-low/
I’m 85% cash and waiting for the crash.
I don't have shit and I'm ready for the crash haha
I would find that scary. When the meltdown happens, its not going to be ordinary meltdown with yet another bail out and back to (apparent) normalcy, because we are entering this crash with QE at levels unheard of.
So when the meltdown happens its the end of the fiat based monetary system, including the federal reseve notes. If this happens, cash will have no value and only hard assets like gold and silver will be the way to save your wealth.
No one gets rich from precious metals, unless you're playing with millions of dollars. I agree I hate the idea of cash just sitting around in banks. A lot of it is going back into real estate. IMO, a much better investment than gold and silver.
You dont buy precious metals to become rich. You buy them since they are worth some value, where as the Federal reserve notes are worthless toilet paper.
Problem with real estate is that due to Fed's asset buying mortgage backed securities, easy money has flown into mortgages and the entire sector is overpriced. Whereas silver and gold have been heavily suppressed in their attempt to hide the inflation, so its a bargain right now.
Won't cash be worst in hyperinflation?
Yep. Inflation is not the price of products going up it is the value of your dollars going down. Savings accounts are getting drained and most people don't realize it is happening.
Yes but if we have deflation during a recession which will also suck economically cash could be good to have.
When have you ever seen deflation of the US dollar?
We have gone through inflationary and deflationary periods many times throughout history...you for real?
If we experience hyperinflation aka hundred dollar bread. I think we are going to see a mix of things - housing bubble crash, some inflation, and other craziness. The point of keeping my powder dry is to buy back into the market when things go crazy.