Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
Based on its evolving needs and plenty of user feedback, we are trying to bring some order and institute some rules. Please make sure you read these rules and participate in the spirit of this community.
Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Avoid long drawn out arguments. This should be a place to relax, not to waste your time needlessly.
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Personal anecdotes, puzzles, cute pics/clips - everything welcome
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Please do not spam at the top level. If you have a lot to post each day, try and post them all together in one top level comment
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Try keep things light. If you are bringing in deep stuff, try not to go overboard.
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Things that are clearly on-topic for this board should be posted as a separate post and not here (except if you are new and still getting the feel of this place)
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If you find people violating these rules, deport them rather than start a argument here.
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Feel free to give feedback as these rules are expected to keep evoloving
In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
Yep, absolutely. Diversify and continue to act logically & rationally; don't panic invest....
I hear you fren.
IMO: the biggest downside / risk I see is mere opportunity cost.
Let's say you decide to take $100k cash and invest it among gold, silver, firearms & ammo, food, etc.
Pretty much all prep / tactical gear maintains decent resale value, if kept in good shape.
Firearms & ammo outright appreciate in value, though of course I'd never tell anyone to buy them specifically as investments. It's just an added bonus & reason #7,620 why guns are awesome. :-D
Gold & Silver; held over the long term, they are THE definitive safe-haven asset; no long-term risk there, realistically.
Food; if you prepped right, you stockpiled stuff you already eat, so it means fewer trips to the grocery store in the future.
Literally the only downside I see to prepping is opportunity cost; if you had plunked that $100k into stonks instead.
But personally I see the stock market as unreasonably risky right now, maybe I'm wrong / paranoid.....
But the #1 rule of money is; Don't lose money.....
I take a much wider view when it comes to stock market. Its not unreasonably risky right now. It has always been unreasonably risky by design.
Stock market went from a place to invest in companies based on their value, into a vehicle to launder central bank fiat currency after 70s, definitely by 90s and rise of the tech.
Think of stocks as vehicles used by smugglers to transfer their goods. You are feel to ride on it, and you might even get to far away nice places, but its equally likely you might get caught in the crossfire.
This is exactly what happens in stock market. Until we can go back to the world without no funny money, no derivatives, no wall street and where stock value only depends on the real value of the company, as established in a free market, its best not to think of stocks as investment, but as gambling.
Ha, that's funny. As I started reading your first sentence, "gambling" is EXACTLY what sprung to mind!
I don't remember exactly where I heard it, but I definitely remember hearing that recently that the stock market has really always been gambling, unless you are an insider....
I hear you & agree..... I guess I can throw some money into commodities, mining stocks, etc.....
Are you in the market at all? If so, what sectors, If you don't mind? :-)