Our friend CoolAsACucumber had a nice post calling for March as that's when the Reverse repo runs out, Federal loans are due and Evergrande stuff. I was guessing Feb but we know it won't be long. Don't forget about BRICS going live as well, people no want USD fiat...
March is when my CDs mature. Any ideas on where to put it after that (and don't say "gold", because I have serious doubts about gold since all the talking heads are pushing it HARD)
I avoid gold and instead stack silver. Historically gold and silver are a 16:1 ratio, which would put the current real (yet still suppressed) value of silver at about $125 Oz, about 6x what it trades for. When it comes out that non physical silver is all fake, the crap will hit the fan. Also silver would be more useful in a true shtf scenario. If you have enough to buy some land without financing at crazy rates you can't go wrong. Good luck!
I have a retirement account that I don't plan on dipping into anytime soon, if ever (hoping it can be an inheritance for my kids), but I want to try to make sure it doesn't evaporate from some financial meltdown. Maybe there is a silver "mutual fund", or something like that, that I can split some out to. I can't buy physical silver since it's in a retirement account. If I withdraw to buy anything, I then have to pay tax as if it's income.
Our friend CoolAsACucumber had a nice post calling for March as that's when the Reverse repo runs out, Federal loans are due and Evergrande stuff. I was guessing Feb but we know it won't be long. Don't forget about BRICS going live as well, people no want USD fiat...
The massive covid swaps expired a week or two ago and were postponed to January.
As was Evergrande debt reconstruction hearings.
Tax refund time will be a nice strain on their financials around that time too.
Right as the btc halvenig. Why not just extend the repo program. Kick the can.
March is when my CDs mature. Any ideas on where to put it after that (and don't say "gold", because I have serious doubts about gold since all the talking heads are pushing it HARD)
I avoid gold and instead stack silver. Historically gold and silver are a 16:1 ratio, which would put the current real (yet still suppressed) value of silver at about $125 Oz, about 6x what it trades for. When it comes out that non physical silver is all fake, the crap will hit the fan. Also silver would be more useful in a true shtf scenario. If you have enough to buy some land without financing at crazy rates you can't go wrong. Good luck!
I have a retirement account that I don't plan on dipping into anytime soon, if ever (hoping it can be an inheritance for my kids), but I want to try to make sure it doesn't evaporate from some financial meltdown. Maybe there is a silver "mutual fund", or something like that, that I can split some out to. I can't buy physical silver since it's in a retirement account. If I withdraw to buy anything, I then have to pay tax as if it's income.
Where do I get some rubles?