Should you just move all of your savings to alternatives to fiat, or should you slowly cash out of fiat pending the recession? | Poal: Say what you want.

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Should you just move all of your savings to alternatives to fiat, or should you slowly cash out of fiat pending the recession?

This video was, for me anyway, somewhat enlightening. Admittedly, it was pretty obvious once I thought about it, but once I realized what I wanted to get out of cashing out, I was finally able to understand that there is a difference. Personally, I don't have a suggestion as to which one is better, but this is more or less a concise explanation which can still be reduced to this simple advice: you don't have to move all of your money out of fiat at once. I can only assume it's rather daunting for most people to be told to drain their savings and invest in things outside of the control of our government (or better, systems that are skewed by our governments). Hopefully this eases your potential anxieties.

Also, this video mentions in the very beginning a hypothetical situation wherein someone is considering purchasing stocks. Let me be extremely clear: I've yet to identify any stocks that are worth investing in. If you think you can prove me wrong extensively (and empirically), I'll gladly be receptive.

https://www.youtube.com/watch?v=WOQb3JD1dGM

This video was, for me anyway, somewhat enlightening. Admittedly, it was pretty obvious once I thought about it, but once I realized what I wanted to get out of cashing out, I was finally able to understand that there is a difference. Personally, I don't have a suggestion as to which one is better, but this is more or less a concise explanation which can still be reduced to this simple advice: you don't have to move all of your money out of fiat at once. I can only assume it's rather daunting for most people to be told to drain their savings and invest in things outside of the control of our government (or better, systems that are *skewed* by our governments). Hopefully this eases your potential anxieties. Also, this video mentions in the very beginning a hypothetical situation wherein someone is considering purchasing stocks. Let me be extremely clear: **I've yet to identify any stocks that are worth investing in.** If you think you can prove me wrong extensively (and empirically), I'll gladly be receptive. https://www.youtube.com/watch?v=WOQb3JD1dGM

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[–] • 0 pt

Wrong.

You sound like glenn Beck pushing gold bullion.

I'll stick with my real estate and dividends.

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[–] • 2 pts

Let me reassure you, I watch NO NEWS AT ALL. I'm not even sure what Glenn Beck sounds or looks like.

Your RE will plummet in value similar to 2008... probably worse. Your shares will plummet rapidly as well, likely over night.

It's okay if you don't agree. It only means you should do your own research.

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[–] • 0 pt

And what happened after 2008?a recovery to new highs. Keep money on the side to take advantage of these buying opportunities.

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[–] • 1 pt

Friend, I don't think this is really getting through to you.

Things will collapse and everyone and their dog will be freaking out, not sure how to manage their money. During that time, you will need to exchange something for some sort of supplies (as is assumed, anyway. surely you don't have anything and everything you could need). This is why you cash out of fiat now and reenter when everything is extremely cheap. However, when it comes to precious metals, they will only really get more and more expensive from here, exponentially so once everything really starts to dip. This is why I'm suggesting getting in to PMs RIGHT NOW.

In addition to this, Bitcoin will halve next year, so no matter what prices will never be as low as they are now (the general area, not the specific price that it is).

The biggest thing you seem to be missing is the comparison of change between fiat and what it will be after the resurgence versus bitcoin/PMs before and after the resurgence. Your monopoly money will crash like mad and slowly crawl back up for a little while. It will eventually get back to where we are now and then slowly begin to take off from there. But, you want to be as wealthy as possible ASAP and you also don't want to lose your money and not be able to get it back for years and years. This is why you take the rate similar to that of what I've described.

Hopefully this helps you a bit more.

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/s/Bankless

created ago

I am no financial adviser. What you do with your money is your choice. If you lose some, it's your fault and not mine. If you gain some, it's your fault and not mine.

This sub is for showing people how to avoid traditional banking, about how to be your own banks and for informing the public (as public as this is) about the upcoming recession and how to avoid losing money during such an event.

I won't participate in any discussion about taxation here. That's your own game to play. Please respect the owner of the website, @PMYB2 and avoid discussion that could cause us to receive unwelcome attention.

All are welcome to discuss virtually anything finance. I won't police speech practically at all here, if ever.

Finally, I won't promise to update this sub frequently or necessarily check it frequently. This is more about getting these resources and this information out there.