How to survive the economical crash

[ProjectParticipant 507]

Good evening gentlemen

I am a young 18 year old guy that is looking out for economical advice, because I can honestly see that it will collapse sooner or later.

So far I have learned gardening, planting vegetables and other plants. I am still learning to cook and this fall I am going to try and get a hunter license.

When it comes to wealth I have already starting investing small amounts in a few cryptocurrencies in case the system survives and will be a viable option to pay goods for.

I thought about bying a couple silver and gold bullions. I am still doing research on this and I am trying to find out which ones to buy and why. Do you have any advice on which ones to buy and why do you recommend them? What are the advantages of a bar of silver vs a bullion? How important is the purity of the coin?

Is there anything else I should learn or do to secure myself incase everything goes to hell?

[Freeman_KParticipant 3524]

You are better off than 90% of population with that thinking, cooking, gardening, self reliance. Good stuff and investing in precious metals is a safe hedge against the system risks.

As for gold and silver goes i suggest you go for a liquid silver/gold 1 oz coins, if i am not mistaken you are from Europe so you can go for Austrian Silver Vienna Philharmonic 1 oz silver/gold or mix in some Canadian Maple. Mintage is in 100 milllions in past decade so my advice is to stick with recognized payment medium, only 0,999 purity. Research where to buy from, go to thesilverforum.com , guys there will give you good advice. Silver institute just release annual report this week, at global average production cost at 12 USD/oz you cannot do wrong to have pure silver delivered at your door for 18USD/ oz.

Cryptocurrencies are a gamble. In SHFT event i believe their value is 0. In that scenario you also need to be able to self protect because brain dead zeds which are currently accumulating debt, watching TV and hanging on facebook, will be aggro and they will want your stuff.

The choices we make, not the chances we take, determine our destiny

[MarketWatcherParticipant]

Project wrote:

I thought about bying a couple silver and gold bullions. I am still doing research on this and I am trying to find out which ones to buy and why. Do you have any advice on which ones to buy and why do you recommend them?

I like silver Eagles, but the problem is the spread. For example: if silver is at 17 the dealers will want a premium on top of that, so the coin will cost 20, but you can only sell at 17. It’s called the bid/ask.

Project wrote:

How important is the purity of the coin?

VERY!

Project wrote:

When it comes to wealth I have already starting investing small amounts in a few cryptocurrencies

No thanks, there is very little liquidity there.

Project wrote:

Is there anything else I should learn or do to secure myself incase everything goes to hell?

Sounds like you are preparing for an apocalypse. Nothing wrong with that. I feel that in a situation like that bullets, water, and food will be priceless. So, you are on the right track with your garden, cooking, and hunting skills.

I think we are due for a equity market pull back and the best advice I can offer is to think long term. Buy high quality investments that pay you to wait. Gold and silver carry interest rate risk because they pay you nothing while you wait. Look into a ROTH IRA and fill it with debt securities until stocks go on sale; then look into dividend paying equities. Good Luck sir!

[MarketWatcherParticipant]

Freeman_K wrote:

As for gold and silver goes i suggest you go for a liquid silver/gold 1 oz coins, if i am not mistaken you are from Europe so you can go for Austrian Silver Vienna Philharmonic 1 oz silver/gold or mix in some Canadian Maple. Mintage is in 100 milllions in past decade so my advice is to stick with recognized payment medium, only 0,999 purity. Research where to buy from, go to thesilverforum.com , guys there will give you good advice.

I give this the Market~~~cher seal of approval!

Freeman_K wrote:

you also need to be able to self protect because brain dead zeds accumulating debt, watching TV and hanging on facebook will be aggro and they will want your stuff

Exactly! Bullets are a good investment in this scenario. Also, another good point here is eliminate ALL debt.

[Anonymous 14]

I personally don’t see anything changing, nothing quickly anyhow. Those who are making big money off of how the game is set up right now are heavily incentivized to keep things the same. I predict a continuing slow steady decline for those in countries that are doing well. This is the nature of FIAT money and Globalist agenda. Wages never keep up with inflation caused by printing money to wage war and prop up bloated governments. And Globalism hurts countries that are doing well as it seeks to import without punishment goods produced by lower labor costs, this essentially steals jobs and allows Corporations to basically use slave labor.

[Freeman_KParticipant 3524]

Anonymous wrote:

I personally don’t see anything changing

Nobody knows… Based on how much money supply increased in the past decade with prime rate basically at zero and still economy in shatters something is frigging off. And when Trump said America cannot default, we can print more moneyez my internal defcon meter went berserk.

For example Weimar republic Hyperinflation … it came in just 3 years. From 0 inflation.https://upload.wikimedia.org/wikipedia/commons/4/4f/Germany_Hyperinflation.svg

The choices we make, not the chances we take, determine our destiny

[Anonymous 14]

Freeman_K wrote:

Joe Bauers wrote:

I personally don’t see anything changing

Nobody knows… Based on how much money supply increased in the past decade with prime rate basically at zero and still economy in shatters something is frigging off. And when Trump said America cannot default, we can print more moneyez my internal defcon meter went berserk.

For example Weimar republic Hyperinflation … it came in just 3 years. From 0 inflation.https://upload.wikimedia.org/wikipedia/commons/4/4f/Germany_Hyperinflation.svg

Ha, one can hope… lol (I think MGTOWER will be in my corner on this one.) Personally I would love to see everyone default like Iceland did and start over with a REAL monetary system backed by gold and silver.

[Back in BlackParticipant 1732]

If we ever get to hyperinflation (which seems inevitable at some point) then having debt would be a good thing as inflation will quickly make the debt worth less and less (on a relative basis).

"Women are directly adapted to act as the nurses and educators of our early childhood, for the simple reason that they themselves are childish, foolish, and short-sighted—in a word, are big children all their lives, something intermediate between the child and the man, who is a man in the strict sense of the word. Consider how a young girl will toy day after day with a child, dance with it and sing to it; and then consider what a man, with the very best intentions in the world, could do in her place.” Quote from Arthur Shopenhauer, 17th century philosopher

[MarketWatcherParticipant]

Back in Black wrote:

If we ever get to hyperinflation (which seems inevitable at some point) then having debt would be a good thing as inflation will quickly make the debt worth less and less (on a relative basis).

Great point! I’m still not going to go finance the Benz just yet. LOL

[Anonymous 14]

Back in Black wrote:

If we ever get to hyperinflation (which seems inevitable at some point) then having debt would be a good thing as inflation will quickly make the debt worth less and less (on a relative basis).

Yea, this only works out if you are making more and more…

[Old RottweilerParticipant 1520]

You are on the right path. I would say save in silver Eagles or Philharmonics. The crypto currency will not work without computers, if you are thinking that could happen why put your money there?

Store up a couple of months canned food you actually eat, then rotate the food so it stays fresh. If things get really bad food will be worth more than silver.

Learn a trade, electrician or plumber. A plumber will always have work. A union trade job is better still, you might have a pension at the end.

[ProjectParticipant 507]

Freeman_K wrote:

You are better off than 90% of population with that thinking, cooking, gardening, self reliance. Good stuff and investing in precious metals is a safe hedge against the system risks.

As for gold and silver goes i suggest you go for a liquid silver/gold 1 oz coins, if i am not mistaken you are from Europe so you can go for Austrian Silver Vienna Philharmonic 1 oz silver/gold or mix in some Canadian Maple. Mintage is in 100 milllions in past decade so my advice is to stick with recognized payment medium, only 0,999 purity. Research where to buy from, go to thesilverforum.com , guys there will give you good advice. Silver institute just release annual report this week, at global average production cost at 12 USD/oz you cannot do wrong to have pure silver delivered at your door for 18USD/ oz.

Cryptocurrencies are a gamble. In SHFT event i believe their value is 0. In that scenario you also need to be able to self protect because brain dead zeds which are currently accumulating debt, watching TV and hanging on facebook, will be aggro and they will want your stuff.

From what I can see the purity and the amount of silver is the same. Are there any differences between these two?

[Freeman_KParticipant 3524]

No, this is different. Amount is weight, most common is 1 oz coin, also most liquid. Purity is how much silver is in coin and you want 0,999 purity here.

The choices we make, not the chances we take, determine our destiny

[Y_Participant 4591]

Firstly you are an intelligent young man. I say this because you have the foresight to ask other men for advice.

At your age although money is necessary and covered by my mates already, I would say concentrate on a trade or profession and be your own boss. This is easier when you are young, By the time you hit 30 you should be able to survive because people will need your skills. Make a list of targets and stick with them. A few gold and silver eagles will go some way for sure but look for the long term.

When you have enough real money buy some land that you can retire on and be self sufficient. Don’t ever get into debt trouble. Pay everything off asap. Be happy with who you are.

And most important : STAY THE F~~~ AWAY FROM FEMALES.

There will always be crashes and upsides. You can’t always be worrying about them. Just find a way to ride them.

Peace.

[Author]

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