During financial risks, in the past successful people did NOT buy gold or silver for their daily means of exchange or savings. Instead, successful people switched to BARTERING for the stuff people actually needed daily. Such as food, clothing, shelter, cutlery, and so on.
Gold was NOT used as a means of exchange because gold is not something people need on a day to day basis. Food is. Potable water is. Clothing is. Shelter is. Repair skills are. Gold is not.
If you want to “hedge” against some sort of imagined financial apocalypse based on a very negative view of the future, don’t use gold as that hedge. Instead, spend your time building skills. Store up some dry food in your basement. Set up a generator. Become as self-sufficient as you can. These things will help you whether “financial apocalypse” happens or not.
Buy gold or silver only if you have a surplus of savings. In other words, do not use all your savings to buy gold or silver. Just part of it. The part you are really willing to lose. Because the price of gold is a gamble. It might go up. It might go down.
Buy PHYSICAL gold or silver. Which you can hold in your hand. Then store it at any safe location to your liking. One that only YOU can access. Do NOT buy paper-gold or paper-silver. Those are called NRA. Otherwise, with NRA you risk exposing yourself to a scam and or thief or other Evil behaviors.
• The above is about expressing my opinions, feelings, and thoughts. Nothing else. In other words, but not limited to, my blog is NOT a recommendation, NOT an advice, NOT a call for violence to self or others, NOT an endorsement. If you need recommendation of any kind, such as but not limited to, medical or legal recommendation, I suggest considering asking an appropriate professional to your liking. I suggest choosing one without conflict of interest.
• I am NOT affiliated with the author(s), or product(s), or service(s) in this blog
• I do NOT have a conflict of interest with the author(s), or product(s), or service(s) in this blog. I am not a sales representative of those.
• My opinions, feelings, thoughts expressed in this blog are my own. NOT those of a company.
Buy silver and gold and be your own bank.
That's what I did.
I disagree
I suggest considering those two actions below
1. Protect your SAVINGS
• Move all your savings from a bank to your SAFER local credit union. Details at https://www.minds.com/Francewhoa/blog/alternatives-to-big-banks-bailout-1482211002664620038
• Or move your savings to a DECENTRALIZED crypto. Such as https://www.getmonero.org or https://bitcoin.org Details at https://www.minds.com/Francewhoa/blog/reject-cbcd-and-alternatives-to-cbdc-1487229402629541905
• Or move your large business transactions to BRICS Pay. Which is a SAFER DECENTRALISED multi-currency digital international payments system at https://www.brics-pay.com or https://en.wikipedia.org/wiki/BRICS
2. Protect your DAILY MEANS OF EXCHANGE
During financial risks, in the past successful people did NOT buy gold or silver for their daily means of exchange or savings. Instead, successful people switched to BARTERING for the stuff people actually needed daily. Such as food, clothing, shelter, cutlery, and so on.
Gold was NOT used as a means of exchange because gold is not something people need on a day to day basis. Food is. Potable water is. Clothing is. Shelter is. Repair skills are. Gold is not.
If you want to “hedge” against some sort of imagined financial apocalypse based on a very negative view of the future, don’t use gold as that hedge. Instead, spend your time building skills. Store up some dry food in your basement. Set up a generator. Become as self-sufficient as you can. These things will help you whether “financial apocalypse” happens or not.
Buy gold or silver only if you have a surplus of savings. In other words, do not use all your savings to buy gold or silver. Just part of it. The part you are really willing to lose. Because the price of gold is a gamble. It might go up. It might go down.
Buy PHYSICAL gold or silver. Which you can hold in your hand. Then store it at any safe location to your liking. One that only YOU can access. Do NOT buy paper-gold or paper-silver. Those are called NRA. Otherwise, with NRA you risk exposing yourself to a scam and or thief or other Evil behaviors.
NRA gold and silver SCAM:
• https://www.forbes.com/sites/bobcarlson/2021/11/15/beware-of-the-scams-using-self-directed-iras/?sh=3ea3efa1d1c6
___• https://archive.ph/wip/B49YD
• https://www.thedailybeast.com/tyler-gallagher-of-regal-assets-took-their-millions-for-gold-and-vanished
___• https://archive.fo/3N0z7
Read more
• http://www.thesimpledollar.com/why-you-shouldnt-buy-gold-as-a-hedge-against-devastation/
___• https://archive.md/BOcnn
Disclaimer
• The above is about expressing my opinions, feelings, and thoughts. Nothing else. In other words, but not limited to, my blog is NOT a recommendation, NOT an advice, NOT a call for violence to self or others, NOT an endorsement. If you need recommendation of any kind, such as but not limited to, medical or legal recommendation, I suggest considering asking an appropriate professional to your liking. I suggest choosing one without conflict of interest.
• I am NOT affiliated with the author(s), or product(s), or service(s) in this blog
• I do NOT have a conflict of interest with the author(s), or product(s), or service(s) in this blog. I am not a sales representative of those.
• My opinions, feelings, thoughts expressed in this blog are my own. NOT those of a company.
I also have normal prep supplies and skills that are nessary in hard times. I also have a lot of stonks. And a credit union account.
My extra money is in silver and I love having it.
Silver is real money.
Fiat is asswipe.
I am a huge barter guy. I hold silver not for the madmax times but to hold value until we come out of it.
Source
https://archive.fo/LMxeW#selection-967.2-976.0
Attribution
Thanks to Benjamin for this news