PMs are the easiest safe decision because even if they don't shoot up like they should (as a result of bank manipulation) they're at least going to retain their value. With gold silver you can just buy and forget about it. The other option right now is actually cash. The dollar will be undergoing deflation as it appreciates in value relative to foreign currencies as long as the Fed keeps doing QT (dollar milkshake).
Once they've reversed course and go back to trying to print away the global financial crisis then you'll probably want to reposition that cash into other assets such as real estate and equity (which will likely have crashed by that time).
I'm not positioned any way at all "financially." Most of my FRNs were spent on commodities of one type or another. Some in metals, including gold, silver, nickel, copper, lead, and brass, and a lot in groceries, food, toilet paper, soap, medical supplies, etc., etc.
That's why I don't worry about a hurricane. I'm always prepared. My area is under various watches right now, but it only took me a few minutes to finalize things by moving outdoor plants, taking down the flag and windchime, and parking the car on the opposite side of the house away from the trees.
No real financial solutions are very safe right now. Stocks and bonds are due for a big crash. Paper money always eventually goes to zero. Paper gold and silver will become worthless as well, since there is more paper than metal.
Could that be the meaning of Red October?
Might very well be considering October is traditionally the month when market crashes happen.
Perfect picture, says it all.
Pretty sure my silver will weigh the same,also when stocks go down stonks go to the moon.
He has to be an actor. The real Biden would never have spoken or gestured like this - not in him or even capable
It's totally not real Biden. He's dead.
Trump: "He's Shot"!
"Half his head is gone."
I'm leaning towards actor at this point.
Yes, imo.
Yes they do and can get angry quickly. Do things they would never have done if in their right mind.
True, my grandma effectively died years before her body followed.
You make a good point.
PMs are the easiest safe decision because even if they don't shoot up like they should (as a result of bank manipulation) they're at least going to retain their value. With gold silver you can just buy and forget about it. The other option right now is actually cash. The dollar will be undergoing deflation as it appreciates in value relative to foreign currencies as long as the Fed keeps doing QT (dollar milkshake).
Once they've reversed course and go back to trying to print away the global financial crisis then you'll probably want to reposition that cash into other assets such as real estate and equity (which will likely have crashed by that time).
None of this is financial advice yada yada
PM might go up or down,but they have held their value for thousands of years.
100% GME
I'm not positioned any way at all "financially." Most of my FRNs were spent on commodities of one type or another. Some in metals, including gold, silver, nickel, copper, lead, and brass, and a lot in groceries, food, toilet paper, soap, medical supplies, etc., etc.
That's why I don't worry about a hurricane. I'm always prepared. My area is under various watches right now, but it only took me a few minutes to finalize things by moving outdoor plants, taking down the flag and windchime, and parking the car on the opposite side of the house away from the trees.
No real financial solutions are very safe right now. Stocks and bonds are due for a big crash. Paper money always eventually goes to zero. Paper gold and silver will become worthless as well, since there is more paper than metal.
Time to sharpen your bartering skills