With Canada freezing the bank accounts of the Canadian truckers that participated in the convoy and Germany freezing the bank accounts of journalists that report on Ukraine, where would you put your money if you wanted to take it out of the banking system to prevent the government from freezing your bank accounts?
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Physical Gold and Silver will also protect you from inflation.
1 Oz Silver coins
Jewelry > coins
Less easy to ban/confiscate without publicity.
You will never get anything near back what you pay retail for jewellery though.
Your first mistake was buying jewelry retail.
Not that I have, but what choice would I have?
It's a lot easier to buy silver coins.
Fair. That being said, it's also a lot easier to just leave cash under a mattress. That doesn't mean it's the best option.
Depends on your plans. If you plan on staying where you are, invest in cans of tuna (as per Robert Kyosaki). Obviously intending that to be a marker for the broader class of essentials that are being hit hard by inflation. If you need to be mobile, PM and crypto
Crypto exchanges are failing, Voyager the last has frozen everything.
and degenerate 100x leverage trading
Gold, silver and real estate (in that order).
easily convertible non-depreciating assets. precious metals are probably the safest and easiest to buy and sell. bitcoin has its uses but extremely volatile and in a strong bear market right now. otherwise things like fine art, jewellery, bonds, real estate etc.
Hard metals and possibly real estate if you know enough about it. Real estate has served me well but I bought most of my properties before things got crazy. Its hard to find a deal now but they do exist
Buy silver and gold and store the physical metal safely, in your possession (not in a bank locker)
I can't buy a loaf of bread with a bar of silver.
bullshit, i'll sell you a bushel of bread for a bar of silver.
Come back to me when there's a serious collapse.
An ounce or a gram of silver….just like…
Cigarettes, liquor, bullets and seeds will be priceless if…
….and that’s a big IF, we end up in “starvation mode”
Yes, and shiny rocks would be useless.
No, but you can take a coin to pretty much any jeweller and at least get the spot price for it ($20 ish).
Yeah, now. Find a jeweler when things are in total collapse.
If it goes that far then you'll struggle to find a loaf of bread to buy, so what's your point?
Practical trade goods are more useful than shiny rocks.
Which is why I also have trade goods.
silver coins fren
you could buy a lot of yeast and wheat trhough
These folks don't understand what you are asking. cash and debit cards that you can add funds to but can't be quickly traced to you. The deli isn't accepting gram bars of silver yet.
Exactly. I invest in physical gold and silver coins but like you said, you can’t take that to a grocery store and buy groceries (I guess you could if you wanted to use the coins for their face value).
In my safe
My advice is to spend all but what you will need to operate and a small contingency on PHYSICAL assets such as gold, silver & land. My brother bought a very old truck just to haul stuff and is approached often by people who will pay him much more than he spent on it. I don't use banks. I have a credit union through the military. Good alternative.
Sending all mine to Ukraine! NOT>!
We all need to take the government out of our bank accounts, bed rooms, schools, board rooms, and oil fields.
Gandhi's crime against England? He walk to the beach. Picked up a piece of SALT that had formed from evaporation. Took that rock home and used it for cooking.
What will you be arrested for? Driving to the local market, misgendering someone, stating a fact?
It’s interesting that you mention the Gandhi incident. There was a movement a while back where some states wanted to make it illegal to collect rainwater. Right now, there are some states where you need a government permit to collect rainwater. The government wants to control every aspect of your life and banks make it very easy for them to put pressure on you.
Buy $100 visa gift cards can use them or sell them.
Physical gold and silver.