posted ago by brahbruh ago by brahbruh +6 / -1

I do not have insider info, so these are all only my opinions.

Background

We all know the powers that be want to control us more tightly, and one of the mechanisms through which this control can be gained is complete visibility into and, ultimately, control of our financial transactions.

The central banks and the governments that work for them would also like the easy access to withdraw money from our accounts for various reasons. For example, the proposed 2% "wealth" tax is proposed to be levied (read: taken directly).

Using this supposition we can come to the conclusion that TPTB would like to get rid of paper cash, because, despite having serial numbers printed upon it, cash is very fungible. You can use $100 bill to buy some drugs and the person who you had that $100 bill to can use it to buy a box of ammo, and so on, all without any tax on those transactions.

Current Situation

Banks would like to limit the withdrawal of cash. As a result, many of the instinct to withdraw as much as they can from the banks while they still can, and, if residing in a jurisdiction where heavy withdrawal limits are already being imposed, then to get as much cash back in every debit card transaction on a daily basis and stack it somewhere safe.

Coming Soon

Folks are going to stack as much cash as they can, and then there is going to suddenly be a cash related crisis of the counterfeit variety, which will trigger a wide scale call two deposit all cash into the bank for a one time amnesty while the situation is solved. After the amnesty period is over, any and all remaining cash in circulation will be considered null and void.

So, this leaves everyone in a pickle, take your money out of the bank to protect it from the bank and/or the government from stealing it, and yet they still win.

Solution

Gold.

Seriously, if you want to buy crypto, buy crypto, but please buy gold. Nobody can take gold, except by physical force or voluntary compliance. Nobody is going to secretly slurp your gold out of your account or through your floor. They will do this with cash and, if the Internet goes down or some NSA zero day exploit's that ruin elliptic curve cryptography overnight will automatically destroy the existing crypto currencies out there. Nothing is protected from remote fuckery, except things that have intrinsic value and can be placed into your pocket (you can carry enough gold to buy a house in your pockets) and carried across the border.

Whatever you do, also buy gold. Physical gold. Apmex is good, and you can purchase with your credit card (more expensive) or ACH/check. Gold price is up. Gold is not an investment. Gold is currency. If you buy gold now, you are paying $500 more per 1oz Eagle than the last ounce I bought. I can't, in good conscience, recommend buying anything other than American eagle coins. They have a higher premium than some other coins, but when SHTF it's going to matter what kind of gold you have if you want to transact in it quickly. A diversity of various coins might be a good idea. Fuck the Canadian government, but Canada does produce pure gold coins (US coins have 1 ounce of gold plus a small amount of additional metals to make the coin harder), might be a good additional choice.

That said, any gold is better than no gold (Apmex sells 1/10oz Eagles and, as u/no_ez mentioned in the comments, you can also buy small ingots, etc.).

When whatever happens happens (I know some people on here think nothing is ever going to happen except fake news and drama on the TV, but let history be your guide and not normalcy bias - SHTF is the norm; our spoiled time, thus far, is the exception) don't be left holding green paper or numbers that disappeared from an account. Buy it as much gold as you can afford to buy. It's not an investment. It's real currency.

Disclaimer

I am not a financial advisor. None of this is financial advice or advise of any kind; this is all just entertainment and personal opinion.