If we think (and there have been numerous posts here to support this idea) that all major banks are going to fail because of over-investing in derivatives, what should we do if we have money in those banks? Pull it out in cash? Convert it to silver or gold? Put the cash under our mattress? And will cash be worth anything?
So if we have cash in checking or savings with a bank, how can we protect our assets?
Convert it to gold/silver. You can still cash it in if you need it before the crash, use it to barter after crash (silver). Gold is for major purchases like land or to get you out of a bad situation. Moving family to a safe location. Silver is everyday use. But. Before you buy silver/gold you must get your food stocks, meds, water, baby needs, animal food, alcohol (spirits) alternate fuel supply (wood) cooking means in order. ONE MINUTE after SHTF, will be too late to do any of this. Alcohol (whisky, rum, etc) are excellent bartering tools. Also can be used in wound cleaning etc.
Good reminder about the heating. Thanks. And never thought about alcohol to barter, but that's a good tip. Thanks.
Chocolate is also an excellent barter item you can stock up on.
It wouldn't last ...
😂. Same here.
Cuz you'd eat it all?