Protect your wealth from inflation. Get physical Gold and Silver while you still can.
(media.greatawakening.win)
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Yes, do buy some gold and probably even more importantly, silver.
But also realize that you can't eat gold or silver and if you cant' eat it, then you won't be able to trade it when we end up like Venezuela. The much more valuable items in a crashed society are bullets and beans.
If you have bullets and beans, then you'll be a wealthy man in a land full of people with silver coins.
I STRONGLY disagree. Make sure you have supplies but Gold and Silver are MONEY. You can trade them for anything and would get preference over anybody trying to trade beans or ammo.
I do believe Reassess_Reevaluate is correct on the topic of spending your fiat money right now on gold/silver. It is much more important right now to stock up on the necessities… bullets to protect your beans.
If this is all finally resolved, gold/silver will have protected your money, but will you be alive to reap the reward?
As I said, make sure you have supplies. Gold and Silver will allow you to replenish your supplies.
All I'm saying is diversify. If you have thousands of dollars in precious metals but not 18 months worth of food, water, medicine... plus a little extra, then your corpse won't have anywhere to spend those precious metals.
When all of your neighbors are starving, they aren't gonna give a shit about how much silver you have... they won't have anything to sell you.
All I am saying is make sure you ALSO have Gold and Silver because while your neighbors are starving you won't be.
You said, "If you have bullets and beans, then you'll be a wealthy man in a land full of people with silver coins."
That is a very dangerous line of thinking. Way too many people think Food and Ammo are all they need.
Inflation is not prices going up. Inflation is the VALUE of your dollars going down. Your bank account is being drained more and more every day that you wait.
I see a lot of hype for precious metals, probably by people who want to drive up the price. Gold/silver have historically been hedges, but when things went truly sideways those hoards got buried by folks who starved to death. We dig up the hoards every now and again, it makes a neat little news item. No reason not to have a mixed “portfolio”, but in the end the man with the loaded gun gets what he needs.
Nobody with Gold and Silver starved to death.
So you plan on robbing people at gunpoint?
Gold and Silver are MONEY. What price are you driving up when the dollar is gone?
NOWHERE in my post did I say not to have supplies before getting Gold and Silver. But there will come a time when you will not be able to "buy" Gold and Silver.
LOL okay gold bug. I plan on survival. I’ll take care of me and mine, and you do as you wish.
I have food guns and ammo. But when I need more I will be able to get more without robbing people.
I think most people understand that you have to diversify in everyday. But, thanks for the reminder.
MAKE SURE YOU HAVE SUPPLIES!!!!!!!!!!!!
But when your supplies run out you will need Gold and Silver to replenish them because Gold and Silver are MONEY.
Why do so many people not understand this? Gold and Silver have been used for THOUSANDS of years.
I see you are a surfer 👍. Just to chime in, most people can't afford to buy PM or don't understand that a few ounces may feed them for a month in the future. It is also a way to preserve wealth, living with perhaps 6 months of savings most will need to concentrate on food and ammo, while covering their daily cost of living. That is great for them to focus on what is in their sites. I buy PM to preserve wealth. As long as they have things to trade, food to eat, and skills, most will be ok through hard times. Stack-on
I agree. Most people do not "understand".
Where do I go to buy the stuff?
Go to r/wallstreet silver and read the DD.
or just go to JM bullion or SD bullion and buy whatever you like. Best value are plain rounds or bullion bars. All silver has a premium above spot price.
Go to your local coin shop or a trusted online dealer.
How do I know the stuff is real?
There are ways to test it if you are worried. Trusted online dealers would go out of business overnight if they sold one piece of fake Silver or Gold. Their reputation is all they have.
I usually stack coins, because it's also money, and if someone was counterfeiting it they'd be in big doo doo. Find a reputable broker, buy a small amount to start with, just to be safe.
Once you're happy, fill yer boots.