Ah shit here we go again…
(media.greatawakening.win)
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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.
Second.
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 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
https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/
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
https://twitter.com/CramerTracker