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Don't underestimate the lesser metals folks. As ridiculous as it may sound, there is a fair amount of profit to be made from saving whatever Copper, Brass or Aluminum you or I can salvage.

We should be hearing much more from the economic hit me...I mean...The IMF soon...as they swoop in like a caped crusader to save the day and issue a shiny new digital currency.

Frequencitee 7 months ago

@Frequencitee yes I think you're right.

DickGhostmoon 7 months ago

@Frequencitee is there any paper currency that is safe to hold - or will they all be replaced overnight? (just that i am about to sell my house (australia) and wondering where to hold the money )

BiggerThinking1 6 months ago

@BiggerThinking1 RE: Paper currency: Not in my view and the views of other people that have plenty to protect. The currencies, in general, are going to be devalued, because the private owners of the World Bank want a global monetary unit.

Please, please, please, check to see what the tax implications of a capital gain are(if you expect to see a profit from the sale of your home) and how you would go about avoiding having to be taxed on those gains. In some cases, if you re-invest ...

Frequencitee 6 months ago

@Frequencitee those profits within a certain period of time, you can either reduce or eliminate the tax burden. Ask someone who would know and plan accordingly. The best investment, in my opinion, is land, after you have secured a debt-free status, and you have stored some necessary consumables. Set your sights on the long-term.

Make a 12-month plan. And subsequently a 5-year and a 10-year, and don't do anything that is risky. Just my opinion.

Frequencitee 6 months ago

Comment removed

BiggerThinking1 6 months ago

@BiggerThinking1 I am really proud to hear that. You are good shape to weather this mess. You "might" even consider spending less on housing. That is to say, that if you are open to the idea, find a community that has survival in mind. Establish a place to live that is easy on the budget (after you have developed a budget) and spend ONLY what is absolutely necessary to afford yourself a dwelling that offers a good quality of life/living and safety. Be as quiet as you can about ...

Frequencitee 6 months ago

@Frequencitee your private business. Live as though you have very little to live on. I highly recommend that you focus on preserving your wealth/principle. Go to a minimalist state of living.

And...also consider renting if you want to wait for the opportunity to buy later, when the real-estate market makes the correction. And I say this from experience and from discussions I have had with investors that went through this in the US, during the 70's/80's.

Frequencitee 6 months ago

@Frequencitee thanks again- im already living low- i eat 2 minute noodles in order to preserve capital. Only worry is too much capital in a risky asset (aussie property - a bubble waiting to burst) which i should get out of ASAP. I may just put the cash in the bank and roam the world looking for a good community- but would be worried about a global bank collapse and the money disappearing- so i ma go $125k gold and $125k cash in the bank - if the cash disappears then the gold will be worth more!

BiggerThinking1 6 months ago

@BiggerThinking1 Spruce up the property. Get out of the market for a while. Definitely travel. Enjoy your life. One last reminder. There is a push for a Global monetary unit. The metals will be the difference between keeping or losing most of what you have worked for. In other words, at some point, the metals would be used to translate Silver to the new currency. After the Global monetary unit is established, the next push will be to have a greater dependence upon money in digital form.

Frequencitee 6 months ago

im going to rush out and buy some gold--- but i havnt got any money !! crap, bankers win again

tonythatjesusloves 7 months ago

@tonythatjesusloves And even if you did buy a bar of gold it might turn out to be tungsten steel.

DickGhostmoon 7 months ago

so the u.s crash is def on, with China buying up all the gold still and the u.s now down graded,,,, so the 'problem' is here, Im looing for the 'reaction' and well there 'solution' hmm I see this as one of 2 things, a euro style one currency between usa canada and mexico... or bloody war....... your thoughts??

okNusku 7 months ago

@okNusku I think it will be a slow decline as opposed to a quick descent in to chaos. By the end of next year the dollar and the Euro will be dead and they will replace with a 1 world currency. Shortly after that they will be pushing for the RFID chip to solve the problem of rioting. I will make videos about it when I get more time.

DickGhostmoon 7 months ago