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GreatAwakening
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Reason: Typo

That's an age old question that keeps coming up. It seems no matter what the common man does he can never catch a break. I liken it to a person that purchased a home 5 years ago that looks at the market values of today and thinks they should sell their home NOW for to the prices in the market. Sell today, pocket the $150k+ that their home is worth now, but then what? If you were to say try to buy another home you'd find that your paying that extra money and then some only to end up holding more debt.

The one thing that keeps stackers going is knowing that the current system is truly fiat. What does that mean though if the economy truly does take a shit? I will tell ya, biblically it means that people will be throwing gold and silver in the street eventually because you can't eat it and there will be such a lack of goods to buy that the common man will have no use for it.

Cashing in your stack today will net you nothing but fiat, although one could invest in say Bitcoin and pray it goes to the moon, but then again if an apocalyptic event happens and the systems go down, or the power is out, then people will throw their computers in the street because even that will be worthless.

So what's the best answer to the unknown? What's the common denominator between all of the scenarios? Food security, shelter security, and community security. The truth is that the individual alone stands no chance for survival unless they are part of a group. The gold, silver, gems etc are always nice to hold because in a sane monetary system those assets are always historically solid. In the end the true investment that will always pay off is preparation. No amount of shiny metals will be worth anything if the shit hits the fan. Think about what would be worth it's weight in gold and buy it today. I guarantee that when and if the day comes that you need survival stashes, on that day you wouldn't trade an ounce of food for a pound of gold.

All that being said, however, if somehow we can avoid cataclysm, of course having precious metals is always a solid hedge against fiat. Damned if you do, damned if you don't. In closing, the best idea is always to diversify. But some precious metals, but also buy some food stuffs, lamp oil, canned gas, solar panels, water purifiers etc etc etc. No matter what you invest in, one of your investments at least should pay off, just don't go balls deep into cogswells cogs alone, spread your money out and make investments into things you can always use, but keep in mind how useful those things may be if the SHTF.

Carry On!!!

1 year ago
1 score
Reason: Original

That's an age old question that keeps coming up. It seems no matter what the common man does he can never catch a break. I liken it to a person that purchased a home 5 years ago that looks at the market values of today and thinks they should sell their home NOW for to the prices in the market. Sell today, pocket the $150k+ that their home is worth now, but then what? If you were to say try to buy another home you'd find that your paying that extra money and then some only to end up holding more debt.

The one thing that keeps stackers going is knowing that the current system is truly fiat. What does that mean though if the economy truly does take a shit? I will tell ya, biblically it means that people will be throwing gold and silver in the street eventually because you can't eat it and there will be such a lack of goods to buy that the common man will have no use for it.

Cashing in your stack today will net you nothing but fiat, although one could invest in say Bitcoin and pray it goes to the moon, but then again if an apocalyptic event happens and the systems go down, or the power is out, then people will throw their computers in the street because even that will be worthless.

So what's the best answer to the unknown? What's the common denominator between all of the scenarios? Food security, shelter security, and community security. The truth is that the individual alone stands no chance for survival unless they are part of a group. The gold, silver, gems etc are always nice to hold because in a sane monetary system those assets are always historically solid. In the end the true investment that will always pay off is preparation. No amount of shiny metals will be worth anything if the shit hits the fan. Think about what would be worth it's weight in gold and buy it today. I guarantee that when and if the day comes that you need survival stashes, on that day you wouldn't trade a pound of gold for an ounce of food.

All that being said, however, if somehow we can avoid cataclysm, of course having precious metals is always a solid hedge against fiat. Damned of you do, damned of you don't. In closing, the best idea is always to diversify. But some precious metals, but also buy some food stuffs, lamp oil, canned gas, solar panels, water purifiers etc etc etc. No matter what you invest in, one of your investments at least should pay off, just don't go balls deep into cogswells cogs alone, spread your money out and make investments into things you can always use, but keep in mind how useful those things may be if the SHTF.

Carry On!!!

1 year ago
1 score