I have favored hold some PMs ever since the 2000 tech bubble. While I was still working, this used to mean a maximum of 25% assets.

Now that I am retired, I put most of my wealth in my homestead land. My suggestion is never, ever put 100% in any single investment.

Maintain enough in cash and money markets, that you wont have to sell your PMs at a loss, when you need to cover some bills.

 

I always favor the idea of buying useable items over sitting on cash.

 

I'm more inclined to invest in silver, I also think land is a good investment.

 

I'd love to buy land, although if we are truly looking at hyperinflation, it may be best to hold off on any large purchases like land or houses if you don't have enough assets to back up such a purchase. Also, I am not outright wealthy enough to buy a large plot of land and would have to finance it and with interest rates being sky-high it will be a tough thing for me to purchase. However, my long-term goal is to get some semi-rural property, where I can grow my own food, source my own water and be self-sufficient. I just don't know if I have such a luxury before things go straight to hell. I feel if you have a lot of tangible assets stored up, specifically gold/silver, which could become significantly valuable in a currency crisis/hyperinflation scenario, obtaining land may become much easier. I know from reading about the days of Weimar Germany where a single gold coin could purchase you a nice house. I think land and housing will certainly skyrocket in price too, but I also think the prices are artificially high due to the zero-interest loans and easy money policies that were allowing people to buy up lots of rural property and housing they couldn't previously afford. I am seeing land/housing prices in places like East Tennessee, for example, 100% or more above the 2020 prices, which to me seems like a bubble. And, I notice these property values have been going down a lot as of the last 6 months. So, I know there are some opposing forces in place and not everything is black and white.

If you do have the money to outright purchase land and it won't clean you out, then I think it is essential to have your own land, if nothing else, from a security standpoint. Having a place to hunker down is important.

I guess all things being considered, I feel gold/silver may be the best option for me now. I am more weighted in silver, but silver is a roller coaster ride and it may be a bit unnerving to have everything put into silver knowing that is where all your assets are stored. Still, to me, its a better bet than crypto or speculative ETFs, etc.

The other asset I have been investing in is guns and ammo.. But, again, you can only store so much of that. I do think investing in ammo and other barterable assets is good, but to me, 1oz and smaller increments of silver would be the king of barterable physical assets you hold. But, I am also looking more into things to replace a bank account, so items I would store remotely and hope I can access before the world turns into pure chaos.

I do think diversification is important, but considering the landscape and instability of our currency I am starting to wonder if keeping my money in US currency becomes a dangerous speculation in itself. I could consider CDs, money markets, and short-term bonds, but I even am worrying about any asset backed by the integrity of the US government and its financial system.

 

I already own plenty of land. No mortgage on my house.

I have some friends who are into Goldbacks. I have been thinking of maybe starting to collect Goldbacks myself.

 

I already own plenty of land. No mortgage on my house.

I have some friends who are into Goldbacks. I have been thinking of maybe starting to collect Goldbacks myself.

Goldbacks are a complete rip off.

 

Listened to a financial guy on YouTube last night and he said PC's are the smart thing to do.... But, BE CAREFUL.

He said if the economy dumps and you are left holding, 10 one ounce Gold Coins.... that have sky-rocketed to $5,000 an ounce.... good luck at getting anything for them. He really liked the 1/10th ounce Gold coins, but the premium on them and their scarcity are a huge draw-back.

He said that Silver is probably the better choice and likely a currency going forward, if nothing more than black-market purchases.



..........

 

He said if the economy dumps and you are left holding, 10 one ounce Gold Coins.... that have sky-rocketed to $5,000 an ounce.... good luck at getting anything for them.

He's a moron.

And if gold is $5000, I'll gladly take his worthless one ouncers off him.

 

If you are going to invest in PMs make sure you get your PMs. People selling Gold held by them do not have gold to back all its customers. It is like any other bank with only a percentage of customers' cash [gold] in their vaults. If there is a run there is no FDIC, etc. to make you whole.

I buy PMs. I pay cash. I take my PMs home. I out them in my safe. I protect my PMs with many guns.

 

Yep, and the silver paper tickets are over sold by 250 to one. There are 250 claims for every ounce of silver.

I'm not sure what the gold ratio is or any other PM's.

 

My tiny smooth brain doesn't think it's a smart thing to put everything I have into PM's.

Doesn't seem smart or realistic. But that's just me.

 

Yes, financial diversity is much safer.

 

I've heard it said, that if you don't hold it, you don't own it.

Times ahead will require beans, bandaids, bullets and bullion.

The big casino is dying. The dollar is about gone. From dust to dust.

I don't plan on going with it.

 

I've been upping the physical PM's for a week or so, even grabbed some gold too. I'll keep buying until it hits 26.00.

 

If it is 26.00 with the premium, that's not too bad but if it's 26.00 and the premium. it's a little too rich for my blood.

The trend appears to be towards a cashless system. A cashless system works, but only to the extent that people trust it and use it.

For me, the notion that a lifetime of savings can be deleted at the push of a button is a little unnerving.

I believe it's a lot easier to erode the trust in a monetary system than it is to create that trust or maintain it.

That said, I do like the ease of cashless transactions, while at the same time not fully trusting the system that provides it... LOL

 

To hell with PM’s.

How do you know what is fake? And there is a lot of it out there.

Ammo and guns are a good investment. Liquor in glass bottles is a good investment. Land is a good investment. Fishing tackle is a good investment. Homes are a good investment. A water well is a good investment. A husband or wife is a good investment.

I would not accept gold for any of the above. Junk silver, yes, but it would take wheelbarrows full.

Fake gold and silver , to me, is to common.

 

To hell with PM’s.

How do you know what is fake? And there is a lot of it out there.

Ammo and guns are a good investment. Land is a good investment. Fishing tackle is a good investment. Homes are a good investment. A water well is a good investment. A husband or wife is a good investment.

Fake gold and silver , to me, not so much.

Buy from a reputable dealer or buy a tester? My dealer tests all the PM's they buy to sell.

I started buying PM's after I had multiples all of the stuff you mention, well except for the wife

 

Yeah, one is enough of those.

 

Gold/silver have been, and will likely continue to be terrible "investments".

Look at the return on gold or silver over the past 1, 5, 10, or 20 years. It's abysmal when compared to the stock market or real estate.

It IS, however, an insurance policy. If/when our fiat money collapses, or goes into true hyperinflation, or tetotwawki whatever.....gold and silver will be able to buy stuff.

Gold in eagles and fractionals for if we have to evacuate. Silver for if we SIP (which with our setup will almost assuredly be what we would do).

I just don't get "owning" gold that someone else holds for you. If SHTF scenario....you ain't getting your gold.

 

Gold/silver have been, and will likely continue to be terrible "investments".

Look at the return on gold or silver over the past 1, 5, 10, or 20 years. It's abysmal when compared to the stock market or real estate.

It IS, however, an insurance policy. If/when our fiat money collapses, or goes into true hyperinflation, or tetotwawki whatever.....gold and silver will be able to buy stuff.

Gold in eagles and fractionals for if we have to evacuate. Silver for if we SIP (which with our setup will almost assuredly be what we would do).

I just don't get "owning" gold that someone else holds for you. If SHTF scenario....you ain't getting your gold.

The return on investment compared to what? Manipulated fake fiat dollars? You fail to realize gold and silver are actually money and our phony ponzi fiat currency will eventually have a 100% NEGATIVE Return on investment. And, EVENTUALLY, is becoming more and more close with the insanity of our reckless government and its suicidal fiscal and gluttonous and idiotic economic policies. Once our toilet paper currency is used for what it really should be used for, wiping our backsidess you will probably want a real asset to go and purchase goods with.

And, actually, if you look at the prices of gold, silver, etc they have only increased in value over the years. The problem is people holding on to gold and silver like its bitcoin or a meme stock thinking they will be a millionaire. THat is not what gold and silver are about. But, when your currency dies people holding those assets will be viewed like millionaires are today, since they will be the ones who are not starving to death.

Assuming they have enough weapons and training to defend their precious assets.

 

The old adage a bird in the hand is worth two in the bush still holds true.

 

I bought PM's for a very short while, until I realized that I will never hold my investment metals. Depending on the type of "event," I would even have trouble contacting or proving that I was the owner. I like the idea of holding my stuff myself and have a safe in which to store PM's would guarantee access to your stores. I sold all my PM's and retrieved my investment assets. Now I'm in the B's camp and would love to buy land. One step at a time...

 

It s not difficult to buy physical gold at a local coin shop, or online, and taking it home. No different than storing other valubles in a home safe.

 

I listened to a recent Peter Schiff podcast and I highly respect him. Yes, I know some may really hate the guy or feel he is just promoting himself so people will buy gold from him. I'm somewhere in between thinking he genuinely believes what he is saying and is probably very heavily leveraged in gold and gold/silver stocks, but also trying to stir up some panic so people will run to buy. However, he is just one of many people I am listening to and I have done a lot of my own research. I was thinking before the collapses of these last three banks that the Fed would try to play Paul Volcker for a while and would just keep beefing up rates and accept companies going out of business and laying people off. But, they are really either ignorant, reckless, or have an evil plan to bankrupt all the businesses very quickly and didn't see the entire banking infrastructure itself starting to shake and an ensuing bank collapse was not even in the discussion. As soon as the banks started shaking and panic was ensuing with bank stocks crashing (and they still are), the Fed along with their cohorts in the US treasury agreed to a complete bailout of all these institutions (via their customers) to prevent a major panic in the US financial system and widespread bank runs and dumping of US financial assets, like long term treasuries and bonds, etc.

Anyhow, I wanted to hold on to cash and do have an online vault account with OneGold which is very convenient because you can quickly buy part ownership of physically allocated bars owned by ApMex stored in vaults around the world. I'm also looking to set up allocated metal accounts at various vendors as well and perhaps store some gold and silver in different vaults around the country and some out of the country.

Yes, I know some silver/gold evangelists claim if you don't hold it you don't own it, but I can only store so much locally and to me having gold/silver stored in vaults is a lot better of a bet than storing fiat currency deteriorating at a real inflation rate (not the CPLie) of 10-15% and which may skyrocket in a matter of months, even weeks, depending on the actions of the Fed and our Centrally authoritarian SOcialist regime who only are Democracy/Constitution adherents in word, but not action. Needless today, I don't have a lot of faith in our derivative-based, phony ponzi scheme of an economy or that our pseudo-Capitalist/pseudo-free society Bolshevik trending regime is going to help bail us out of this mess and save the day.


So, I am wondering how many here are planning on completely bailing out of fiat assets and running to gold/silver or perhaps to gold/silver ETFs, mining and royalty stocks, etc with the current situation seems like it will only deteriorate, and at best have a very short live band-aid on the machete-sized wound?

For those who are planning on bailing on equities and cash and not planning on buying up metals like gold and silver, what other type of investments or assets are you putting your money in? I know some will go all in on crypto? If you are hedging, what is your hedging portfolio looking like now based on the situation?

I, myself, am no spectacular investor or free-market genius, I am just getting more and more educated as I spend more time learning and mainly because I started seeing the cracks in the system a few years ago and even remember back in 2008 having the bank bailouts left a very bad taste in my stomach and that was the first time I started listening more to Ron Paul and other Free Market /Austrian economic minded people. But, I still feel like I lack a deep knowledge or perhaps even the capital I wish I could have right now.

I have a bit of cash in the banks and a lot sitting in savings accounts and was thinking about putting these into short-term bonds. But, now with how the current situation is working out, I am thinking of ditching that idea and going full into metals and buying a few miners just to have something a bit speculative that may pay off in the short term.

I do know this evening when the Asian markets open we may or may not be in store for some unpleasant surprise in the commodity space. As well, I know the FOMC meeting on March 21st may significantly rattle the markets if Powell isn't going to still try to play the hawk in light of the situation. Who knows how the market will react to pedal to the metal and foot on the brake at the same time? It can become chaotic since the Fed is doing massive QE with these bank bailouts. I do think hyperinflation will be the most likely scenario we will end up with at this point.

I'm interested to hear how others are playing out this situation with the current landscape as its unfolding.

Well, timely post obviously...

I am going to do what i have been doing the past couple years, diversifying into hard assets, staying out of debt, upping pm's and cash, but no crypto, just not conviced as its medium of exchange, seems like vaporware to me...

I would love another perspective though....

 

IMO PMs are for passing in to generations not for use in the lifetime of the current buyer. Therefore the current buyer must take pleasure in collecting PM.

 

The Magi brought gifts of gold frankincense and myrrh.

So cash and tangible assets that could be sold, traded or bartered.

Good enough for me.

 

I've got a lot of money.... sitting in cash, in the bank right now, but I am in the middle of building a house. I am not converting any of it to PM's.

I need it liquid to pay the construction bills.

I have the money in two banks and a credit union and I am praying they stay solvent until I get the house finished.


After that, I am unsure what to do. I suppose it makes sense to start buying a bunch of Silver. I'm not keen on holding a bunch of $2k gold coins. If the time comes that I need to convert it to "whatever" currency is in play, possibly a Central Bank Crypto.... it might be very, very hard to do.

I could see Silver becoming a black market currency that might be very, very good to have.

 

I've got a lot of money.... sitting in cash, in the bank right now, but I am in the middle of building a house. I am not converting any of it to PM's.

I need it liquid to pay the construction bills.

I have the money in two banks and a credit union and I am praying they stay solvent until I get the house finished.


After that, I am unsure what to do. I suppose it makes sense to start buying a bunch of Silver. I'm not keen on holding a bunch of $2k gold coins. If the time comes that I need to convert it to "whatever" currency is in play, possibly a Central Bank Crypto.... it might be very, very hard to do.

I could see Silver becoming a black market currency that might be very, very good to have.

Why do you trust the banks ? I have some cash, but I don't keep it in a bank.

 

Years ago.

 

I'm not getting rid of FRN's ... Nor my gold, silver, lead ...

 

I physically hold a fair amount of precious metals as well as”dowry” amounts for my daughters. These stashes of gold and silver are not investments in any way shape or form. They are hedges. I don’t actually care about the day to day fluctuations in their costs other than how those fluctuations act as a lens on the economy.
My biggest concern is the difficulty of utilizing the precious metals in a down economic situation which is already here and worsening on a daily basis. The DW and I have built a nice amount of $$$$$$ over the years and they currently reside in a family trust divided about equally between stocks and bonds. The quarterly trust meet8ng in a few weeksought to be very interesting as neither stocks or bonds seem to be a safe investment moving forward. They have never been a hedge against an economic downturn like what I think is coming. The amounts in the trust can’t be converted into physical gold and silver realistically. Seems like a good problem to have right? Wrong. My wife and I worked hard for our let’s call it wealth and I don’t want ito see it disappear in a flash because Joe has a senior moment, or Putin has a bad day or BRICS crashes the dollar. Or whatever. I can’t realistically store a ton of junk silver in my safe in the basement. He!! I don’t even want to convert a bunch of it to cash and put it into the bank until Ican purchase precious metals with it. What if the bank goes balls up before I can purchase the PMs? Yeah I know $250,000 is insured by the government. See how long that lasts in a SHTF dollar collapse.
I’ve hinted at this problem in other posts. Precious metals are not an investment. They are a hedge but the physical limitations of gold and silver (bulky to store and difficult to use as well as for an economy to be started with them you need lots of other people using them) make them less than ideal. What is the alternative? Land maybe but I’ve got enough to survive on and actually holding large amounts of land becomes the problem. A nearby storage unit filled with glass bottles of booze like was suggested in an earlier post? I’d be interested in any other options suggested.

 

If the economy crashes like it looks like it will, foreclosures will be real, but evictions will be rare. You simply can't evict so many people. Also, who will do the actual evicting? I just don't see it.

 

I listened to a recent Peter Schiff podcast and I highly respect him. Yes, I know some may really hate the guy or feel he is just promoting himself so people will buy gold from him. I'm somewhere in between thinking he genuinely believes what he is saying and is probably very heavily leveraged in gold and gold/silver stocks, but also trying to stir up some panic so people will run to buy. However, he is just one of many people I am listening to and I have done a lot of my own research. I was thinking before the collapses of these last three banks that the Fed would try to play Paul Volcker for a while and would just keep beefing up rates and accept companies going out of business and laying people off. But, they are really either ignorant, reckless, or have an evil plan to bankrupt all the businesses very quickly and didn't see the entire banking infrastructure itself starting to shake and an ensuing bank collapse was not even in the discussion. As soon as the banks started shaking and panic was ensuing with bank stocks crashing (and they still are), the Fed along with their cohorts in the US treasury agreed to a complete bailout of all these institutions (via their customers) to prevent a major panic in the US financial system and widespread bank runs and dumping of US financial assets, like long term treasuries and bonds, etc.

Anyhow, I wanted to hold on to cash and do have an online vault account with OneGold which is very convenient because you can quickly buy part ownership of physically allocated bars owned by ApMex stored in vaults around the world. I'm also looking to set up allocated metal accounts at various vendors as well and perhaps store some gold and silver in different vaults around the country and some out of the country.

Yes, I know some silver/gold evangelists claim if you don't hold it you don't own it, but I can only store so much locally and to me having gold/silver stored in vaults is a lot better of a bet than storing fiat currency deteriorating at a real inflation rate (not the CPLie) of 10-15% and which may skyrocket in a matter of months, even weeks, depending on the actions of the Fed and our Centrally authoritarian SOcialist regime who only are Democracy/Constitution adherents in word, but not action. Needless today, I don't have a lot of faith in our derivative-based, phony ponzi scheme of an economy or that our pseudo-Capitalist/pseudo-free society Bolshevik trending regime is going to help bail us out of this mess and save the day.


So, I am wondering how many here are planning on completely bailing out of fiat assets and running to gold/silver or perhaps to gold/silver ETFs, mining and royalty stocks, etc with the current situation seems like it will only deteriorate, and at best have a very short live band-aid on the machete-sized wound?

For those who are planning on bailing on equities and cash and not planning on buying up metals like gold and silver, what other type of investments or assets are you putting your money in? I know some will go all in on crypto? If you are hedging, what is your hedging portfolio looking like now based on the situation?

I, myself, am no spectacular investor or free-market genius, I am just getting more and more educated as I spend more time learning and mainly because I started seeing the cracks in the system a few years ago and even remember back in 2008 having the bank bailouts left a very bad taste in my stomach and that was the first time I started listening more to Ron Paul and other Free Market /Austrian economic minded people. But, I still feel like I lack a deep knowledge or perhaps even the capital I wish I could have right now.

I have a bit of cash in the banks and a lot sitting in savings accounts and was thinking about putting these into short-term bonds. But, now with how the current situation is working out, I am thinking of ditching that idea and going full into metals and buying a few miners just to have something a bit speculative that may pay off in the short term.

I do know this evening when the Asian markets open we may or may not be in store for some unpleasant surprise in the commodity space. As well, I know the FOMC meeting on March 21st may significantly rattle the markets if Powell isn't going to still try to play the hawk in light of the situation. Who knows how the market will react to pedal to the metal and foot on the brake at the same time? It can become chaotic since the Fed is doing massive QE with these bank bailouts. I do think hyperinflation will be the most likely scenario we will end up with at this point.

I'm interested to hear how others are playing out this situation with the current landscape as its unfolding.

Yep.

 

Ugh. Yes, thr worse case could easily happen and chances are, to some degree elements of it probably will. What I find interesting is not that well chewed bone bur the impactbon each of us here when the dollar based on belief alone morphs into the fully digital CBDC, based on not even that but including the entire world economy on this accounting skight of hand. How many and at what duration will parllel currencies exist? How long will this valuation remain legitimate and unaffected by criminal duplication. Those actually affect us. Its thier only escape from the crumbling Bretton Woods created crushing currencies globally. How will govts atter mpt to manipulate this and how will they be forces to retract or alter those plans?