I have been contemplating taking out extra cash from my line of credit... and pay interest for a couple of months... and if everything implodes, either just dump the money back in if the system is still there and the debt is tracked, or have the extra cash without having to pay it back because the system is no more and the debt may be wiped away, too.
The chances of the latter? Very slim, if not folly. But... why not try, for the cost of a little bit of interest for two months? I'd be curious to know your opinion of this idea.
If you're going to go the line of credit path, I would buy silver with your credit rather than a cash advance. If SHTF, credit and cash will mean nothing. The silver is a stable asset that's proven the test of time and you can barter for goods/services/food. Keep some cash on hand in addition because there will be people who still have faith in the dead currency and won't understand silver.
It's a lot of speculation on my part but I have done a lot of research and taken advice from many people. The general opinion is, cash is a fairy tale based on debt, physical metals have been used for thousands of years, and limit your exposure to assets that can be deleted with a keystroke.
Good move , I sold a house and instead of paying cash for the new one, I financed the new one and purchased PMs and weapons and I did put some money in the new house bc I had to .. it's a older place. And still stacking drygoods.
Also remember to diversify with other long-lasting staples. There are a lot of items that you can stock up on and a lot of prepper sites have comprehensive lists of them.
Mind if I ask you where you purchased your PM? We’re selling a house too. Closing is next Tuesday. Instead of purchasing another house with a mortgage, I want to buy silver/gold and rent. I’ve been stocking dry goods for three years and think I’m ok there. Have a freezer full of beef and chicken.
Withdraw all but a couple months worth and convert that paper to useful, tangible assets.
Agreed.
I have been contemplating taking out extra cash from my line of credit... and pay interest for a couple of months... and if everything implodes, either just dump the money back in if the system is still there and the debt is tracked, or have the extra cash without having to pay it back because the system is no more and the debt may be wiped away, too.
The chances of the latter? Very slim, if not folly. But... why not try, for the cost of a little bit of interest for two months? I'd be curious to know your opinion of this idea.
If you're going to go the line of credit path, I would buy silver with your credit rather than a cash advance. If SHTF, credit and cash will mean nothing. The silver is a stable asset that's proven the test of time and you can barter for goods/services/food. Keep some cash on hand in addition because there will be people who still have faith in the dead currency and won't understand silver.
It's a lot of speculation on my part but I have done a lot of research and taken advice from many people. The general opinion is, cash is a fairy tale based on debt, physical metals have been used for thousands of years, and limit your exposure to assets that can be deleted with a keystroke.
Good move , I sold a house and instead of paying cash for the new one, I financed the new one and purchased PMs and weapons and I did put some money in the new house bc I had to .. it's a older place. And still stacking drygoods.
Also remember to diversify with other long-lasting staples. There are a lot of items that you can stock up on and a lot of prepper sites have comprehensive lists of them.
Mind if I ask you where you purchased your PM? We’re selling a house too. Closing is next Tuesday. Instead of purchasing another house with a mortgage, I want to buy silver/gold and rent. I’ve been stocking dry goods for three years and think I’m ok there. Have a freezer full of beef and chicken.