In the 20 years since I’ve been paying attention to the economy people have been saying that shit constantly (Deal in silver, gold, heirloom seeds, ammo, tools, etc.) and not once has it played out where those commodities become currency.
Up to this point, gold bugs have cost themselves thousands and in some cases millions by not owning equities and getting the benefit of compound interest and dividends.
But this time it’s for real though right?
I have supreme confidence that we can revisit this thread in 5 years and the world as we know it will function essentially the same.
You might be right and you might be wrong. Maybe it's been nearly a hundred years since the United States had a major depression and the economy collapsed, but with each passing generation, it becomes more of a reality because history is cyclical.
Sharing your concern about people not doing what they should, it was dealt with in the link left in my previous post above. This time is no different
except for the first time in recorded history the government has the technology to make the fears a reality. I can't put a date on the when. What I can do is to point out what you said and challenge people to actually
DO something.
Unlike most, I have NEVER advocated going whole hog, but rather pull out of the system gradually and if you like you can stay vested in the system and make your investments, purchases, etc., but always be working toward self sufficiency and self reliance. When the excrement interacts with electric oscillating device (SHTF) you want to be able to switch gears. You wouldn't want the pandemic to come to your door again and you only had a half a roll of toilet paper on hand, would you?
I invest in myself every year. Honestly, I'm an educated idiot. I went to school to study theology and later law. In addition, I have taken courses in locksmithing, gunsmithing and naturopathy. Having grown up around the construction and transportation industries, that gave me a working knowledge of building and repairs along with operating all kinds of machinery from construction equipment (front end loaders, backhoes, a ditch witch) , to forklifts, cherry pickers, slip sheet, clamps, etc. You should invest in yourself as well.
If you work a job that offers matching 401 k (or gives any percentage), take it. It's money on the table.
At the same time you're doing all the right things, diversify. Investing in precious metals like gold and silver; ammo, tools, etc. along with the ability to live off the grid for a year could be immensely valuable to you - and more so if you network with others of the same mindset. You don't spend all you make on insurance for your home and auto so think of becoming prepared as an investment.
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