156 Ah shit here we go again… (media.greatawakening.win) posted 60 days ago by Based_in_Space 60 days ago by Based_in_Space +157 / -1 48 comments download share 48 comments share download save hide report block hide replies
👀 at Cramer. If he says buy then it’s habbening.
yeah, he did say it was a bull market recently.
He said buy gold and not Bitcoin.... uhhhh
Use Inverse Cramer if you want to make money.
Some in that thread were saying he was bullish. Basically oh shit …
As background Mike Burry is one in Big Short that made a killing shorting housing crash in 2008
Yes.. but sell what :) ? And will cash fare better?
When I see "Sell." that = Buy GME/Silver/Gold/DWAC/AMC and DRS what you can, hold the physical metals, we're about to do a role swap with the elites.
I’m really stupid about all of this. So if I have $50,000 in the bank should I buy $50,000 worth of physical gold and silver?
Personally, I would not. I'd do a series of investments to cover the bases and hold onto liquid assets.
Why? Because no one knows what is going to happen.
How I'd break out $50k if it was 100% disposable:
$5,000 in Silver
$5,000 in Gold
$5,000 in GME DRS
$5,000 in Various Crypto
$5,000 in Food, Ammo, Water, Disaster Prep
$25k liquid and/or removing any debts
Everything else at this point seems kind of silly to invest in. This is obviously a very conservative view... my point is, diversify and never invest beyond your means.
The old rule of thumb was 5 categories, evenly split: stonks, bonds, cash, gold, real estate
It's a little more complex now with the basis of the dollar itself in question (and bonds and cash both inextricably tied to the dollar).
If the dollar goes to shit, existing bonds and cash are worthless, but stonks and real estate can go up in nominal terms if not real terms. (And then be taxed on nominal gains, yay!) Debts go away in a dollar collapse. Gold retains value in principle (worked for 5000 years, at least if nobody knows you have it), crypto - maybe but it has its own problems. And of course lead is also important.
The number one thing to remember is don't think that any rules of the game won't change overnight if it suits the PTB.
IMO therefore it all comes back to diversification and rolling the dice, and that includes having traditional investments.
It also might include for example buying a rental property with an 80% LTV interest only loan, if you can break even on it and can afford to lose the 20%. In some scenarios the loan vanishes in real terms and the property value goes up in nominal terms. In others you refinance at lower rates. In others you sell it for a (perhaps real) profit, or make a profit on the ongoing rental. But this is also subject to RE taxes, gains taxes, and the threat of force majeure of various sorts (being forced to rent to migrants for peanuts, for example, or squatters' rights, or confiscation). So, it's still a crapshoot. Be prepared to default and walk away from the 20%.
The other key fact to remember is markets can remain irrational longer than you can remain solvent.. so contrarian bets often fail due to timing. This is another argument for diversification into traditional investments.
The only thing you know you can keep is what is inside of you - your skills, your mind, your love, your cunning, and hope that you have enough skills, and diversify your wealth so that you have some chance of surviving in not too bad conditions and even keeping some of the wealth through what is coming.
That's some good advice right'cher
I'm slightly diversified - 95% GME, 1% DWAC, the rest in a few cryptos.
I'm 100% in on GME, it's the only stock I've ever bought in my life. I really like it.
This is the way. I like the stock.
This guy BOOKS.
That's close to my spread too. Unless you include precious metals.
Sounds solid. Kind of have that already tbh so that feels good. I guess I’m curious that if the banks go belly up, will my liquid assets also just be gone? All the money in the savings and checking?
This I don't know, but, it does have me exploring hyper local credit unions as a possible liquid security net. Need to look into it more.
Can you hold the physical stock of GME?
Yes you have to DRS it.
It's DRS'ed via Computershare - there is* technically a way to convert one into a physical share. But it's largely symbolic as GME stopped creating paper shares. Some companies still do. But it's rare.
DRS Book is as close as you can get to holding it physically.
Silver & Gold on the other hand?
Metal > paper
Yeah it's reddit, but a few of the financial subreddits have been doing yeoman's work researching all the financial fuckery going on, and what has happened in the past. The economy is basically built on nothing.
Ahhhh, the Jim Cramer rule, nice thinking.
Yep, two rules to live by:
Any investment advice from Cramer = do the opposite
Any "news" from the MSM, assume the opposite is true and you are much better informed
The stock market going to shit shortly?
Is this when the military moves in?
...Please let this be when the military moves in.
Why not purchase shorts?
If you believe he is correct, and its coming quickly, I agree 100% with @based-in-space. Id do S&P500 puts. Maybe 2 week expiration. Save money on premiums and go after a Dow 30 stock puts. Ford is one of my favs for market swings. Anyway, know this … puts are a casino gamble. You could lose your entire bet if it doesnt happen. You could also make a quick 200-300x or more.
Yeah well I've been doing that for some time now but kept underestimating the Cabal's ability to keep kicking the can down the road. Don't forget that Burry was over a year early last time as well.
They can keep kicking, I’ll just keep buying and drs. The cracks are starting to appear.
The can has been kicked so many times it is now round and rolling down the street
And you know exactly how much you are going to lose.
If you do options can buy puts on SPY or something like that. (Not financial advice)
Shorts have infinite risk. Who has trillions of dollars available to pay people?
If you want to bet on a price decline it is better to buy put options, but this can also be an easy way to lose money rapidly, but at least limited to what you paid for them. Options pricing is going to reflect expectations and thus may net out to very little gain.
It is possible to make money on it, if you buy the options early enough and enough out of the money (meaning the strike price is far enough from the current price). If the pricing changes due to events and changes in the underlying asset, you can sell the options at the new price, this is the easiest way to do it, rather than exercising.
There are lots of options strategies but most of them boil down to losing money at various speeds.
For example, there are things like "collars" where you buy a put and sell another put below that, which cuts down the cost. However the put you sold can get exercised and that can get you into trouble quickly, because it turns into short shares, which have UNLIMITED downside, etc.
Unless you know what you are doing (and I have learned that I don't!) best not to do this except very carefully with money you can afford to lose. And remember whenever there looks like a sure thing, the rules can always change.
Oh yeah, and not financial advice LOL
It's trouser season.
Broken clock. But we shall see. DWAC and rest easy.
Gold, Silver, Uranium Miners and DWAC is the current stack. Make sure you get US based companies, if prices go up you'll see governments take over the mines and you will get nothing.
I hope you're buying physical, not paper.
Hedgies r fuk u/queue_anon
I hope this is the crash we've been waiting for !
My money's on Michael.