This is, perhaps, the most difficult question to answer. If we look to the past (great depression) for precedent, they even made owning gold illegal (up until the 70s, if I am not mistaken). So, if the government really turns on us, then we best know how to hide our gold, silver, guns, and, to be safe, likely our bibles as well. I'm hoping enough people are awake that the government won't dare take our gold/silver again.
That having been said, cash on hand (it'll be worth less than before, but not necessarily worthless). Gold and silver, on hand is better than certificates, certificates are better than nothing. Larger sizes for longer term, smaller sizes for in case you run out of cash. Land is good for long term. Crypto is a hard one to predict. Bitcoin, being the most well-known is also one of the safest, but could also become a target for the same reason. Ethereum is also well-known, but could become a target. A lot depends on how bold Biden and co really are/how awake the country is. The government will continue to get away with as much as we allow.
Historically, CDs and bonds did well, but I'm not a huge fan of bonds because they're so tied to the government. Direct investments in companies, if you can find a local company that is well-run and needs the cash infusion. I've already said land, but even if you aren't able to produce on the land yourself, you might find others who are willing to work the land and give you some of the fruit of their labor. Art can be a solid investment, but it can also be tough to acquire. Up and coming artists are harder to find, but the value of their stuff can be solid. Antiques, if you can ensure they don't get damaged, aren't a bad investment. Though the opinions on what is a nice antique can change over time.
So where is money safe right now? If you're in a bank that goes bust how long does it take to get your 250K? Are CDs at risk?
I have a neighbor that had a 450K check from a home sale. She's 86. Where can she put that money risk free.
Thanks in advance if you, or anyone replies.
This is, perhaps, the most difficult question to answer. If we look to the past (great depression) for precedent, they even made owning gold illegal (up until the 70s, if I am not mistaken). So, if the government really turns on us, then we best know how to hide our gold, silver, guns, and, to be safe, likely our bibles as well. I'm hoping enough people are awake that the government won't dare take our gold/silver again.
That having been said, cash on hand (it'll be worth less than before, but not necessarily worthless). Gold and silver, on hand is better than certificates, certificates are better than nothing. Larger sizes for longer term, smaller sizes for in case you run out of cash. Land is good for long term. Crypto is a hard one to predict. Bitcoin, being the most well-known is also one of the safest, but could also become a target for the same reason. Ethereum is also well-known, but could become a target. A lot depends on how bold Biden and co really are/how awake the country is. The government will continue to get away with as much as we allow.
Historically, CDs and bonds did well, but I'm not a huge fan of bonds because they're so tied to the government. Direct investments in companies, if you can find a local company that is well-run and needs the cash infusion. I've already said land, but even if you aren't able to produce on the land yourself, you might find others who are willing to work the land and give you some of the fruit of their labor. Art can be a solid investment, but it can also be tough to acquire. Up and coming artists are harder to find, but the value of their stuff can be solid. Antiques, if you can ensure they don't get damaged, aren't a bad investment. Though the opinions on what is a nice antique can change over time.