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There was an article on another thread that suggested that all income taxes would be abolished and replaced with a 30% sales tax on everything.
Idk.
If the economy crashes or if inflation skyrockets, money will lose most if itās value.
Itās why I converted my idle money to silver.
Precious metals will hold their value better than any other investment.
this guy has great videos. I watch him every so often on youtube. good stuff.
how do you even convert it to gold or silver??
[quote=āAtrand uā]
how do you even convert it to gold or silver??[/quote]
what he means is you use your money to buy PMās from dealers, some investment firms that you may have money in will swap your investments to PMās if you request it. BUT always keep in mind, what is NOT in your hand is not really in your possession.
If I were to buy PMās (gold ,silver, Platinum and several others) I only buy and take possession of it at my home or some other safe place, do not buy paper PMās they are false!
[quote=āAtrand uā]
how do you even convert it to gold or silver??[/quote]
To add to what Apache wrote; if you canāt hold your precious metals in your hand then itās just imaginary wealth just like any other investment thatās on paper.
Pawn shops are a good source of 1oz silver coins at the current market price [donāt buy an inflated price for a collector coin because they will not hold the collector value if the economy goes to crap]
Thereās also PM dealers that sell silver and gold ingots in various weights. [I favour 1oz silver coins because theyād be easy to trade. Larger size ingots not so much]
Great follow up !
I personally use a pawn shop to buy silver rounds at a fair market price!
ahhh ok. this info, together with the videos , is great! thanks guys
the more the shit rolls down hill? the more layoffs will happen. you think businesses you go into are ghost towns now? people havenāt seen anything yet tbh
would you recommend investing in the stock market? or just keep out of it for now
Okay, first of all I donāt give financial advice, so I am not going to recommend anything to anyone. That said, personally, I am not going to enter the stock market at the moment (unless there is some super-duper-sure-thing-stock. On that note, some people are saying uranium company stocks will explode over the next few years, and that DOES make sense to me, unless the nukes start flying.)
In my analysis, the stock market (S&P 500) is likely to (at least) go sideways for at least 2 years (again, not financial advice.) There might be a bit of upside for a short bit of time though, however, overall, I view it as more likely as going sideways than anything else. There is of course the fabled ābig crashā that many have been predicting for a long time; indeed, since things are so volatile at the moment, if āthe big oneā is going to happen then it is bound to happen within the next 2 years. Not saying it will, just saying that there is a higher probability of it happening sometime soon. Again, personally, I am staying away from the stock market for a while. If one is a dedicated (and consistently profitable) day trader then of course, due to the high volatility, there is a lot of money to be made from market, however you were talking about investing, not trading, so that is a whole other story, of course.
I am 100 times more bullish on the crypto market, and thatās what I am in at the moment. Of course out of all the cryptos Bitcoin is the safest bet (many altcoins have a lot of uncertainty surrounding them, especially with the SEC shenanigans going on.) The Deep State is trying to destroy the crypto market in the U.S, however even if they manage to get that right to some degree, the crypto market and innovations will continue in other parts of the world.
ā¦ and then, of course, we get to the devaluation of the USD. This will be a major factor in investments, and is already one reason the stock market has ādone so wellā (due to massive money printing.) The money printing has not yet come home to bite the average American in a big way, but it will at some point, especially when all the Dollars from overseas find their way home; and that is going to happen, it is only a question of when. So, of course, since stocks are priced in USD, at some point there will be an artificial ārallyā in stocks, when in fact it is just the USD losing a ton of value. Perhaps the FR would raise rates massively to try to counteract this, however, of course, that would lead to a market crash.
The U.S. elite and FR are in a battle to be āthe last man standingā, which is why they are destroying the European economy, however, they cannot win against The East and Russia, and THAT is, ultimately, barring nukes start flying, where the wealth and economic prosperity will go in future. The USA still has a lot going for it, however things are declining, and will continue to decline, the only question is, āto what point?ā, and that is a tough question to answer due the geopolitics that will need to first be resolved. Even so, there is the Deep State problem that ALSO MUST be resolved (should America want to see true prosperity once more.)
If/when WW3 really kicks off, well, that adds another big factor into the markets equation. Depending on how that goes and depending on whether nukes are used, it will of course have big implications for all world markets. Iām guessing precious metals and tangibles such as food will be a the best bet for if/when that happens (without nukes.) I say guessing, because there could be some commodity, such as Bitcoin, that may do better in a WW3 scenario (unless it is all out nuke war that destroys everything.) In WW3, stock market will most likely dump in a big way, and so likely would the crypto market (initially), however after the initial dumps (caused by people going in to cash so they can buy stuff in a hurry), it could also rally in a huge way (as to be seen as a safe haven, in the same way, and/or better, as with gold & silver.) In/after WW3, when the USA & NATO are exposed as paper tigers then, to be sure, Western stock markets will dump and anything that is independent, such as: Bitcoin, gold and silver, etc, will ultimately do very well.
