Can we have a thread about what the hell to do right now?
🗣️ DISCUSSION 💬
First of all, I'm an idiot when it comes to anything financial. I know many of you aren't. What is the safest thing to do with the money (fiat) that we do have right now? Leave it in our local bank? Credit union? Keep it as cash in my sock drawer? Also, the money in my 401k? Switch it over to bonds or something else I don't fully understand? Any thoughts from someone who's been paying better attention to these things than I?
I’d keep $5k cash at home. Within a couple of weeks of shit going down, cash will be worthless. That amount will get you from point A to your apocalypse destination and will buy you essentials that are available. But only for a week or two. Do you think you’re going to walk around with gold and silver nuggets? Think again. Gold and silver are good to have with a functioning economy. If it truly goes down, ammo and food are the true currency kings on the short term.
Just my little take on it all.
You make good points, but I'm hedging my bets.
I have cash (on hand). I have PM's tucked away for when we have a functioning system of barter (beyond immediate survival).
Arms and munitions, and emergency food tucked away, along with fuel and two generators.
Enough to weather a storm and build a new life under new conditions - that's about all it will do - provides a chance at making it through to the other side.
This is the correct answer. The people who poo-poo the idea of precious metals assume that the form of system collapse necessarily takes on the form of Mad Max or Book of Eli or something (in which case bullets and beans will be king). But it could also look like Venezuela or Zimbabwe in which case you'll want valuable commodities (gold, silver, etc) on hand that you can trade with since they'll retain their value as they always have.
Hedging your bets by having all of these things on hand in case of either scenario is the wisest way to go about it.
This is exactly it. Ideally you’d have a diverse physical holding of assets. Gold and silver are great to preserve wealth if you have it, but if you’re on a budget you’d first want to secure food, ammo, tools, fuel, etc. Not only are they useful but they’re easy to barter with.
i love all of the very good and diverse suggestions on this topic! to me, looking at this present situation we find ourselves in, one MUST consider that some of the personal variables would be different for someone in their 20's vs someone already retired...immediate needs of dependents would be primary concern, etc, so all of the suggestions are valuable and valid, but not a 'one size fits all'...just my opinion...
Get it into Gold, Silver, and/or certain cryptocurrencies (Bitcoin, Cardano,...).
For crypto do your research on what you think has the best foundation to take on 1 Billion+ people using it everyday, doesn't have a history of hacks, is consistently developing, and is bringing on projects that follow regulations in certain countries (but isn't forced on the rest of the blockchain network).
Get out of the US monetary system, leaving any wealth in there will leave you poor
John Law and the Mississippi Bubble
https://www.youtube.com/watch?v=diEVmQZ1QfM
With that in mind I will put up a new gate on my vegetable plot and get a better lock. So far we've had equipment stolen, if things get bad the produce will disappear.
Depending on the size of the lock you need, I recommend either an Abloy 362 or a 342 with the Protec2 core.
Grow some of your food in other parts of the yard so that it appears ornamental. Also, you can sow seeds along ditch banks and other public places. If people know it's food, they can stay away from your food. If they don't know it's food, it's another source of food for you.
A large part of my property is going to be random, not in rows. It will be full of food plants but will appear to be just overgrown. It already appears to be a jungle occasionally, as I don't mow out back as often as I mow the front yard.
My good tools and equipment are in my house. The outbuildings have no locks and are full of mostly junk, at least that how it will appear to most people (random pieces of wood, flower pots, empty buckets, jars full of rusty bolts, etc.). I don't have to buy much for home projects, just go out back and scrounge around a bit.
The best thing you can have is property. Land you can bug out to if needed, storable food, and of course some means by which to defend it. What's the thing, beans and bullets...
Trying to keep your money in some liquid state during times like this is hard. Silver and gold are useful once we know where things are going and a new system is being put into place.
Keep some paper cash on hand, keep some silver and/or gold, and items to barter with later if needed. Bullets are a good choice. Or 10k primers for .45, 9mm, .223/5.56, .308... The most popular rounds... .22LR is a good choice.
I’d also comment that if you have any of those rounds to barter with, better meet the potential exchanger somewhere they don’t know where your stash is.
Yes! Never meet a stranger where you live. Always meet at a neutral place. One never knows anothers motives...
Beans, bullets, & band-aids.
Food, ammo, & medicine.
Antibiotics, as well. Many forget medical needs. Very valuable and scarce during a crisis. Prescriptions you personally need to live (asthma inhaler, insulin, etc...) are also worth trying to stock up on.
Iodine.
Water filter.
Solar panels.
Colloidal Silver.
Ivermectin.
HCQ.
D3.
Zinc.
Quercetin.
Vit C.
NAC.
Nattokinease.
Honey.
Got a few months of insulin in the fridge, already.
alcohol and cigarettes are also good.
Ammo and food are nice,but people don't need hundreds of thousands of dollers of it.
I have my 401in the safest place I can put it,I borrowed the max against it and bought shiny metal. And I have a lot of stonks I expect to go up very well.
Can’t eat the stonks. Need the ammo to protect the food. My bet is on beans and bullets.
What stonks specifically you thinking will be good and worthwhile?
Their are several they shorted the heck out of before covid hit. Bed bath and beyond is extremely shorted right now. 127% at the minum right now. GME is good . Amc I don't like,but it's in their.
Bbby is the cheapest right now,they were fighting off bankruptcy. These stocks are heavily manipulated and fuked with,but have the most potential to hurt the banks and hedge funds.....
Know what you are getting into first.
r/bbby
Great strategy!
100% THIS