Your 401k,403b, Roth, and whatever is in their hands. Start transitioning it to being in your control. A bird in hand is worth 2 in the bush.
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I have some cash and don't know what to do with it. I've thought about gold but how do I know if I'm getting iron painted with gold paint. (may be worth more than that cash I have). My emergency fund won't last long at the rate we are going and maybe my stash won't either. Puzzle. Buy a generator and never need it, buy food to feed the mice or risk it going rancid. I know not very positive but I just wonder how long before that money in their loses all it's value. I've racked my brain til it's worn out.....and don't know to whom I can get advice......
Buy junk silver (old used silver money) from reputable firms, such as Apmex. If you buy groceries, store them so the rats can't get to them. Don't leave canned food in the flats, as mice use the cardboard for nesting material. Canned food can last years past the best buy date. Spam can last as long as the can is intact. Whole wheat, white rice, and beans can last for 30 years sealed in mylar bags with oxygen absorbers. Smaller quantities can be sealed in jars. Freeze pasta for a few days, then warm to room temperature slowly before sealing it up.
I wouldn't worry about getting a generator, because it would make noise and draw attention to you. Go to bed at night and get up in the morning. You won't need that much electricity. Buy a few solar panels, a battery, and associated electronics to run small electronics and charge batteries.
If paper money is revalued and new currency issued, they never replace the coins. So if you must keep some cash, keep it in small bills and lots of coins. If currency was revalued at 100x, your pennies would suddenly be worth dollars.
Be able to defend what you have.
Most of all, be the gray man. Don't appear to have crap. Get some old clothes that are too large, so you'll appear to be starving like other people. Also, quit eating so much so you'll actually lose weight. Let your house and front yard go down just as the other homes in your neighborhood. You don't want to be a target. Keep a tiny amount of food in your kitchen pantry or cabinets in case of robbers, but keep the rest hidden well.
For good lists, google "list of lists." Here's one place to start, the original: https://survivalblog.com/2005/09/04/start-with-a-list-of-lists/
Gotta tell you! Went to the basement to check the traps and found a bar of soap that was half eaten by the mice! and they got into the garbage bags and chewed them up. All that food was driving them nuts. (No nuts stored). We have weapons so no worry about robbers but we do have lots of beans and rice to give to people. We are both pretty thrifty.....nobody would think we have much to steal. I will look at that website. Thanks fren
Buy some Tomcat poison chunks. They work. https://www.amazon.com/Tomcat-Bait-Chunx-Pail-LB/dp/B005BV0DD2
But I wouldn't use it if you have pets in the same area.
we caught 4 with just a regular mouse trap with peanut butter! Cats don't like PB, maybe they would if I added some J to that mix. But thank you so much for the suggestion. We may end up trying it, the ones we caught were tiny and probably not well educated like the adult ones.
I found years ago that a small piece of cashew nut crammed into the trigger of a mouse trap works great. The mice love cashews, but they can't get the nut out. That means you can catch a number of mice with the same trap without rebaiting it.
Interesting! Will try that. Thanks fren
Hear ya. Are you trying to protect the cash, or invest it in something more tangible? Depends on how much you have. If you have enough, I'd suggest investing in something "real," like real estate. If you don't have that much, like you said, possibly gold. There are ways of knowing if the gold is legit, and you could look for a coin dealer in your area who has been in business a long time and has a good reputation. But gold is so expensive. It's tough. Maybe silver? If you just want to keep your cash (out of the bank) you could consider buying a fireproof safe for your home.
It's not in the bank! We have equity in our house, but my realtor friend might be able to help with investing in a rental property, they do that at their work. Guess I could invest some. I do have some gold and silver but in the form of jewelry. Need to melt down I think. ?? And gold is expensive and why can't it lose value as well? Growing a garden is great but I don't like or eat much veggies. I maybe could grow a COW! That would be good. Maybe I should be thinking about some chickens....Not much land for a cow but chicken would work I think. Thanks fren for the thoughts to ponder.....
Where do you keep it?? I know banks aren't safe, but it feels like nothing else is either What should one do - hide it under the mattress, lol.? Seriously, if you've got a good idea of where to keep cash, I'd like to hear it. A cow or chickens would be great, imo. Although, I've never had either so I have no idea what it would take to actually raise and feed them. I agree about gold. Who says that won't go down in value? I guess it's still one of the better bets though. Bottom line is, it's not easy to figure out, is it? If you're lucky enough to have enough money to buy land or a single family house or duplex, etc, that seems like a good way to go because at least it's something real, as opposed to paper money. And you can rent it or sell it if necessary. Hey, if you figure anything out, let me know, willya?
It's in the gun safe....very large....very heavy! Not enough to buy a property or land since here an acre is at least $125,000! But go in with my realtor friends and buy a property. Will ponder and repost if I figure anything out.
Bury it in the yard
Gold doesn't change in value. The dollar changes in value. Gold is a store of wealth, not an investment. Silver is more affordable right now. Because of paper silver, the price of real silver is artificially low. Because of industrial use and less mining because of the price, silver is becoming rarer compared to gold. Because silver is cheaper now, but will probably increase in real value (not dollar price) over the years, I buy silver. I personally like junk silver, as average people can recognize silver dimes and quarters. The larger coins, such as halves and dollars, are more collectible. I like quarters, but dimes can fit more weight in the same volume.
Old 1964 and earlier silver coinage is real good for barter and trade.
https://www.jmbullion.com/search/?q=#/?_=1&filter.instock.low=1&filter.instock.high=1&page=1&resultsPerPage=60&filter.metal_type=Silver&filter.product_type=Coin&filter.product_type=90%25
Here is a good link to a company I have used many times. Other bars and rounds are also good to have.
What about an old vehicle? You said 1964 reminded me of our 72 jeep cj. Gonna get it running come spring. Could put some $$ into that. Some people are still going to have money. Or buy 2 Cows with it. And a few eggs as well. So tell me is silverware any good value wise? My mother left me a whole set of silverware. Real silver, the kind that needs polishing! Thanks fren, I have bookmarked that website of the silver coins.
Old vehicals are great,they are easy to keep running,and if they don't have a computer they will survive AN ELECTROMAGNIC pulse,from a nuclear blast.
GOOD point! Yah it's super easy to fix. I would NEVER think to do work on my newer vehicles. Thanks fren
Definitely keep that silver ware. It will be currency, if we are correct in our guesses.
Ok thank you will keep it! I've also noticed at the thrift stores, it's hard to find now. I have quite a bit of that as well.
I have an Oz of placer gold Guaranteed 21 karat, but sometimes ranges up to 23 karat. Can buy for slightly below spot and is sellable to paydirt vendors, or selling paydirt yourself, or have it assayed and sell.
If you buy Gold Coins or Bars there's a markup for minting. You can buy defective bars a bit cheaper. Downside is the big retailers charge extra if you use a CC.
Spot Gold @ 1874, My vender currently at 1865 for 1 Troy Oz, JM Bullshit Defective Gold Bars @ 1937 if you pay ACH / Check / Wire, Crypto:$1,958., 2018 CC/ Paypa.
JM Bullshit Gold Coins defective 2032, 1952 for ACH/Check/Wire, 1971 for Crypto
Defective coins and bars may or may not make a difference should the world economy collapse.
So, can I ask some questions? What do you mean by "defective "? How can gold be defective? Thanks, fren for the education
The JM Bullion site lists the cheapest as their choice varying condition. Will be marred in some way, but the weight and purity are un-affected.
I will save your post, it may make sense to me one day. Truly thanks so much!!
I don't mind the sarcasim, at least you didn't call names. Kek. In short your money invested in the WEF owned corporations is going to go poof. Figure out somewhere else to put your money.
ok what WEF owned corporations? I now at least two retirement account are invested in BlackRock....are you referring to that sort of thing?