As titled,
I know this this is a broad question and and frankly most of us are just going to be making wild-ass guesses, but still; I think it's beneficial and interesting to see what other people are hearing and thinking.
And I know there are also going to be a lot of well-educated guesses among my sharp frens here. :-)
So the question is;
What do you guys foresee happening + what sort of timeline as far as the economy, US Dollar Collapse / De-Dollarisation, etc.
Obviously the De-dollarization around the world is escalating.
Should we just put everything into gold and silver, brass and copper, or what?
Just interested to see everybody's wild as well as informed + educated guesses.
What steps are you taking to protect yourself, your assets in these crazy & uncertain times?
Oviously I'm not asking for anyone to post "how much gold ya got" nor anything of the sorts, but maybe something like what PERCENT of your assets do you have allocated / how are you spreading your risk & assets to protect?
What sorts of things are you investing in, and what percentages are you allocating to those various classes?
Thanks my frens.
When things finally are front and center for the whole world to see, get out of the big blue cities.
". . . get out of the big blue cities."
That's maybe the most important advice on this thread so far. Those cities are ALREADY major danger zones, and when the ATMs stop working and the welfare checks stop coming it's all going to hit the fan. I don't know how long that'll last, but even one day of it could end your life.
Having metals at that time won't help much if your neighborhood is being overrun by desperate sociopaths who are already used to taking what they want by force and who think of hurting or killing others in the process as a bonus.
I have about equal amounts of silver, GME, and DWACW. I also have a few months worth of canned and jarred food, and some weapons.
I expect the silver and food will come in handy, probably within the next six months. I hope the GME and/or DWACW will eventually be a good investment. I very much hope the weapons were a complete waste of money.
And amc
I was thinking of stopping my 401k contribution and using that money to buy physical silver for a few months. I hope shit happens this year.
Ive lowered my contribution to 5 percent to get my employees match and that's it. PMs may be the better play all together but now I'm getting a few more ounces of silver a month
Everyone knows that inflation is ramping up and the economy is contracting. He’ll, even most of the normies I know are expecting a market correction. What they don’t realize is that things are different this time. We’ve had recessions and market crashes before in our collective memory, but never a currency collapse.
People are still in the phase where they think things will someday go back to normal. Sure grocery bills are higher, but food is still available. Prices are higher but you can find some stuff on sale and make some compromises and mostly carry on.
I don’t know what the breaking point will be, but presumably sometime in the next year people will realize what’s happening. There will be a collective understanding that our money is virtually valueless. This will start a panicked frenzy to secure any resources that you can. At that point you will be paying unimaginable prices for things you take for granted right now. With the collapsed dollar people will resort to bartering and you’ll see a level of anarchy you didn’t think possible. Those best off will have secured bullion, food, tools, material and other key items.
Do you really think that it is TRULY "different this time"?
Obviously there have been people selling doom & gloom since... well, literally forever. The peter schiffs of the world literally make their fortunes selling collapse, calamity fear & panic.
Based on my understanding, I am inclined to agree that it very well is / could be "different this time."
All of the factors that are converging; all of the things happening at the same time; I don't think they've ever converged before.......
What say you?
Yes, it is different this time because this isn’t an economic recession, it is a currency collapse.
It’s not a coincidence that factors are converging all at once, the system knows that the currency is collapsing and they are making radical moves. They would kick the can down the road again if they could, but they cant.
Will the reserve note collapse? Yes! But I'm sure there's a plan for this. Trump and the good guys are not about to let the nation descend into long term anarchy and chaos, which would lead to the total collapse of our nation. They've probably had this gamed out for decades, probably over 50+ years. Just be prepared! Have food, and medicine for at least a few weeks, and water if you don't have a ready source to pull from. Quick FYI on water source, All houses have a hot water heater that holds 30–50 gallons of drinkable water people seem to forget about. We're going to be OK in the end, just know that.
I pray to God you are right. Sometimes it's so hard to keep faith in The Plan... I'm human; I fail periodically..
Excellent tip on the hot water heater!! I actually did learn that a long while ago. Swimming pools are OK too. Obviously you have to be ready to filter the chemicals out of them, but.....not a bad little reservoir!!!
:-)
And when that happens people will be vocal. I think most are awake and pissed but the economy is still some what good so people are just living their life, they are keeping it going in my opinion until the time is right
One thing I think about is, what will be the price per oz when the patriot reset happens. Will some gain or lose in the metal market?
I think about the same. I don't expect to all a sudden become rich and retired. What I do expect is that when the dust settles when we come out the other side and the new dollar is gold back, I have something tangible to fall back on. In other words, we don't start from zero.
That’s the beauty of commodities. You buy 10 oz of gold today, and whatever the market or dollar does, you have 10 oz of gold in the future.
They US dollar might not exist in 5 years, but your gold will.
The federal reserve will collapse, not the Dollar. The todays dollars are reserve notes. That will be a thing of the past
I think the white hats needed an event that they knew could take down the dollar. Not raising the debt ceiling will crash the economy. the US has never defaulted, until summer 2023?
I think the closer we get to the election the worse it will get.
Just seen in an Aussie prepper group someone asking what peeps are doing re gold and silver AND they're hearing the U.S are telling their defence employees get your families stocked up in food and water. YET I swear I read that rumour months and months ago. Either way, timeline? Uncertain. Feeling the need to stock up definitely. problem is getting family on board. Now the mechanical / tool type centres seem " light on products" in regional oz.
Yeah, the problem is I also heard "rumors" like that during the plandemic. IDK..... it's all so nuts & fucked.
Thanks for your comment.