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I'm hoping for this post to be a super thread that can be referenced by everyone here on Poal. What can we do to prepare for a hyper inflation and or an economic crash?

Aside from supply stock up, maybe we should put SOME of our money into various cryptocurrencies? Ark Investing has a great article on crypto currency: https://ark-invest.com/articles/analyst-research/bitcoin-myths/

Any other ideas on how to prepare financially and other, please feel free to comment.

Also you can view my previous post here: https://poal.co/s/AskPoal/251671

Thank you for allowing double posts for clarification and not being Reddit.

I'm hoping for this post to be a super thread that can be referenced by everyone here on Poal. What can we do to prepare for a hyper inflation and or an economic crash? Aside from supply stock up, maybe we should put SOME of our money into various cryptocurrencies? Ark Investing has a great article on crypto currency: https://ark-invest.com/articles/analyst-research/bitcoin-myths/ Any other ideas on how to prepare financially and other, please feel free to comment. Also you can view my previous post here: https://poal.co/s/AskPoal/251671 Thank you @AOU for allowing double posts for clarification and not being Reddit.

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[–] 6 pts

If your just now starting your to late.

[–] 4 pts

Buy real property and the means to defend it.

[–] 3 pts

I'd say buy silver, but bullion is sold out everywhere and has been since March when the rona hit.

[–] 2 pts

put your USD savings into BTC

[–] 2 pts

If we are talking about total economic collapse, which at this point would realistically be accompanied by destruction of the power grid, what are you going to be doing with your crypto or even gold or silver. If someone stumbles into my apocalypse palace with a bag of coins, what use does that have for me? Clean water and food and the ability to produce such, along with simple tools, will become beyond value.

[–] 3 pts

With a little ingenuity you could utilize .9999 fine silver bullion coins from Canada (maples) to make colloidal silver. As well as drop pure silver ingots into your long term water storage containers. This will help certain (not all) liquids store longer with out bacterial contamination.
Dropping silver ingots into wine barrels and water jugs was an old world preservation technique when sailers were stuck on a wooden trade ship for months at a time.

[–] 2 pts

Do you have any idea if how much is needed? Asking for a friend.

[–] 3 pts

The method for creating your own colloidal silver shouldn’t be too hard to find. I remember watching several different videos on it just a couple years ago. It involves running some voltage through purified water and utilizing .9999 grade silver . The fourth 9 in the purity grade designates it as lab quality purity. Using three 9 Eagle bullion coins might not be pure enough to create a medicine out of I don’t know. But you could sure as hell use the three 9’s bullion to melt and pour your own sterile silverware since you won’t be washing your hands much anymore during shtf

[–] [deleted] 2 pts

Bitcoin/crypto would be the most liquid. Gold. Guns? Real estate?

[–] 1 pt

Crypto is just a new way to track, trace, and tax everyone.

[–] 2 pts

Get a time machine, go back 10 years ago and buy bitcoin.

[–] 2 pts

Buy;

guns

ammo

Clothes - jeans, jackets, boots, gloves, belts, plain white/black/gray t-shirts, socks, underwear

Canned goods - literally never go bad (as in safe to eat), though they will start to disolve / turn color / lose form after the expiration date

[–] 2 pts

Get things that make things. Barter always works despite being a hassle.

Can you afford grains with your clam shells or bottle caps? Great make it booze and your SHTF rich.

Stills, Lathes, Wood Gassifiers, Manual water pumps, Live stock, Batteries, Tools.

Thats what I'm doing. Also make sure your house can look like shit and never let people know you make stuff, just you have it to trade.

Pen and paper. Manuals.

  • Learn what weeds you can forage. Starving to death is one of the most painful ways to die.
    • wild lettuce
    • wild rocket
    • dandilines

these are the most common, you can collect the seeds of these and create a garden of them, they hardly need any water since they are a weed.

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