It’s been circling in my head for a while now. How does one prepare for such a thing? Are we going to the bank and taking all of our life savings and stuffing it under ours mattresses?
I hear about buying precious metals, but I feel it’s too late for some of us to jump on that band wagon.
I have an emergency pack. Thankfully I have a lot of experience in the outdoors. I’m somewhat prepared, but you can never be fully prepared because we don’t know what the future will bring.
I just want a to hear some of your plans or ideas.
If you don’t believe it will happen, sure, explain your thoughts, but let’s be nice! The world is a very unstable place and many people are on their toes.
entertaining your very unideal (possibly real) context...
dollars = wallpaper
metals = as a currency, useless, yet strong industrial uses
bitcoin = 1 tulip
lets broaden the context:
russia owns more gold than US dollars;
china is hoarding gold (the amount is unknown, of course);
turkish citizens are also hoarding gold against the lira (hi, venezuela);
central banks are also hoarding gold to hedge against insolvency;
since the clay tablets of the hittites, gold has been a reliable store of wealth (5k years).
buy gold; buy silver; buy precious metals...
not so speculative? buy hard assets.
if you cant hold it, you dont own it.