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?
Things may go bad for a while, but always remember it will recover (Covid lasted 2 years, the credit crunch was around the same length of time, this will be the same). In preparation convert some of your wealth to physical gold and Bitcoin to preserve capital.
It's always worth "prepping" and having a few months worth of emergency rations just in case trains keep derailing and food processing plants keep catching fire. You'll sleep easier knowing you're able to ride out the storm.
Do these these things now; if we get to the stage where people panic, they'll all panic together and then it's too late to prep.