to put this as simple as possible. Is the economy going to dump more and then eventually go back up, indicating a buying opportunity in stocks, real estate, etc. Or is all going to zero? Would I be safe if I invest in good companies or is it not worth it all,because the USDollar may go to zero? What are your thoughts? Should I take this as a buying opportunity or embrace the possibility of a complete financial collapse where my money is now toilet paper?
Im just a broke trade school student unsure about this whole shitty clown show, and dont want all of my money to go down the drain.
To go off topic a bit, Would trump even let that happen, because if you introduce a new financial system, what are you going to do if millions of hard working middle class Americans lose all their wealth from the old system?
Yes, but ONLY if you cant hold it directly.
For example, lets say you have a 401k and you're 59.5 yrs old (just an example). You can withdraw your funds, but you'll have to pay income tax (but no early withdraw penalty).
Instead, you can roll-over your 401k fully/partially to a gold or silver ira w/o tax.
If you go with Noble Gold (sponsor some patriots) then they will do the paperwork, setup and purchase your metal. No tax, no penalty.
Your metal us yours. They send you a pic of your metal, and you can choose between two vaults (TX, and NH i think). They charge going street rates (spot + premium depending on what metals you get.). They charge about 8% fee, and your metal is stored and managed by a trust company.
Using this process… How do you get it shipped to you if you “own” it?
You own it, but the trust company stores it. Like i sait, this is mot as good as in your own possession.
For IRAs, 401k etc, its an option. Hope that helps.