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[–]Groot2k1941 points42 points43 points 4 years ago (0 children) | Copy Link
Honk honk! 🤡
[–]teamfortressyou29 points30 points31 points 4 years ago (8 children) | Copy Link
remember to prepare for the economic collapse bro
[–]RhyderHD_016 points7 points8 points 4 years ago (5 children) | Copy Link
Btc? Gold? Third world fiat?
[–]Charlamagme12 points13 points14 points 4 years ago* (2 children) | Copy Link
If you have a significant amount of money in savings $60,000-$100,000+ etc I suggest hoarding money for the next 6-8 years in cash or gold and then turning that gold (that has shot up in value due to the downturn) into cash when you’re ready to buy. When the economy collapses, everything is going to be on sale at wholesale prices. People will be looking to dump their houses on the market because they can’t afford their mortgages anymore so that will be the time to buy real estate at insanely low prices. The stocks will also crash hard and that will be the time to buy up all the tech stocks and pump $40k into Microsoft and Amazon.
Buying gold isn’t necessarily a BAD idea, just be careful thinking you’re buying of gold means that you will benefit from an upswing in gold prices because of a collapse. The strategy that always makes the most people rich is buying assets on the UPSWING out of a depression, not necessarily playing the timing of a fall into one. Why? It’s harder to get the timing of a fall into a depression correct. BUT when the depression hits you will know it, and so at that point you’re in the clear to start acquiring assets knowing that the upswing will make you wealthy.
That being said, this strategy depends on there actually being an upswing again and a return to normal. Historically, there has always been one. But if the country is permanently damaged, well then we’re fucked anyways.
In the event that you don’t think the US can survive a collapse, the best thing to do is invest in other countries such as China and Russia and look to move out of the country to a safe place
As far as BTC.....it’s not where I’d be putting money simply because there are already tried and true methods of becoming legitimately wealthy off of a collapse. Why go with a strategy that uses up your precious nest egg on something that is fairly unpredictable?
Basically you should change your mindset to this: the riches aren’t made by anticipating the downswing correctly, which is very difficult. They’re made by buying assets when the bottom hits.
Be sure to do your own research on the topic.
[–]RhyderHD_015 points6 points7 points 4 years ago (0 children) | Copy Link
Yeah that sounds about right
[–]TerminalSect3211 point2 points3 points 4 years ago (0 children) | Copy Link
Invest in land. In the middle of nowhere. Preferably near a decent water source with fish, and with game. Prepper cabin.
[–]MonkModeKhan0 points1 point2 points 4 years ago (0 children) | Copy Link
Silver > gold
[+][deleted] 4 years ago* (1 child) | Copy Link
[deleted]
[–]teamfortressyou0 points1 point2 points 4 years ago (0 children) | Copy Link
nah, gold is too expensive to trade for food, use silver instead
[–][deleted] 12 points13 points14 points 4 years ago (0 children) | Copy Link
🤡🌍
[–]ParadoxialEpiphany10 points11 points12 points 4 years ago (1 child) | Copy Link
Is it me or is it getting crazier out there?
[–]Amnesia25089 points10 points11 points 4 years ago (0 children) | Copy Link
It's getting worse every day/week.
[–]tahack2 points3 points4 points 4 years ago (0 children) | Copy Link
what news exactly?
[–][deleted] 2 points3 points4 points 4 years ago (0 children) | Copy Link
The MSM is propaganda.
[–]SpinPlates0 points1 point2 points 4 years ago (0 children) | Copy Link
My face before and after reading TrollXX
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[–]Groot2k1941 points42 points43 points (0 children) | Copy Link
[–]teamfortressyou29 points30 points31 points (8 children) | Copy Link
[–]RhyderHD_016 points7 points8 points (5 children) | Copy Link
[–]Charlamagme12 points13 points14 points (2 children) | Copy Link
[–]RhyderHD_015 points6 points7 points (0 children) | Copy Link
[–]TerminalSect3211 point2 points3 points (0 children) | Copy Link
[–]MonkModeKhan0 points1 point2 points (0 children) | Copy Link
[+][deleted] (1 child) | Copy Link
[deleted]
[–]teamfortressyou0 points1 point2 points (0 children) | Copy Link
[–][deleted] 12 points13 points14 points (0 children) | Copy Link
[–]ParadoxialEpiphany10 points11 points12 points (1 child) | Copy Link
[–]Amnesia25089 points10 points11 points (0 children) | Copy Link
[–]tahack2 points3 points4 points (0 children) | Copy Link
[–][deleted] 2 points3 points4 points (0 children) | Copy Link
[–]SpinPlates0 points1 point2 points (0 children) | Copy Link