When Trump and the White Hats have us transfer over to a “people’s economy” whether that’s gold backed or something else, what happens to our money? Our bank savings, our investments, even whatever cash savings we have on hand?
Would a lot of people be screwed over if they weren’t prepared like some other might have been by holding gold/silver? Their stocks, 401Ks, long term investment funds?
Would we file some sort of report of those lost savings and investments in the crash and get the equivalent amount in the new currency? Hand in all their now worthless fiat currency for the new gold backed currency? I’m sure the WH have some sort of financial safety net plan in place for the people right?
Buy and physically hold gold and silver....I have for decades. Recently liquidated 401 and pulled out of the market. Every spare dime I have is going into silver right now.
Blessings fren...
I still have a few stonks I hodl,but I'm heavy in silver has well. If anyone is interested I can answer some questions on buying. Also goto r/wallstreet silver and read the DD info posts for more information.
Registered silver in the comex has gone from 149 million ounces when biden took office to 40 million right now. Soon it will be very hard to find.
Thanks for the info....
Big question for me is that I’ve got $10k I inherited in some sort of long term financial market fund, the “let your money grow for you and you can retire by 50 a millionaire” sort of deal. I already told my parents I want to pull out of it completely and turn it into gold/silver and sit on it for the crash, but they don’t want to listen to me.
I’ve already got about another $10k in gold and silver. But the idea of losing that fiat $10k to the market crash worries me, and if and when it does crash, I’ll still have those hard assets, but I’ll still be shouting “I told you so” when the liquid $10k goes POOF!
Not much you can do about it,possibly borrow against it.