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

The advantage of the SLV is if you do sell it you don't have to find a buyer and the 'dealer's cut' is built into the stock price. But generally I agree physical is better, still I like to have a mix. For physical I have numismatics and bullion.

JPM was trading ~$40 in early 2008, it dropped down to a low of ~25, today it is trading for $115. It pays about a 3% dividend

MCD was in the 50s in early 2008s (it did not suffer in the crash), today it is over $200. It pays about 2.5% dividend.

Silver Spot was $15 in early 2008, today it is 17.50. Silver peaked 2011 in the $40 range. So depending when you bought, you could have lost your ass. Silver pays no dividend.

PMs are considered dead money because they don't earn interest or dividends. I didn't make that term up, it is common verbiage in the investment community.

Where I'm going with this, is even if you owned stocked prior to 2008 and held them until today, you'd be much better off than if you sold them all and bought silver. I'm talking investing, not trading, if you're day trading etc, there is always ways to beat the market if you're good at it / lucky.

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[–] • 1 pt

Silver will correct once price fixing schemes are revealed. The value will increase exponentially afterward. Silver has routinely been suppressed for quite some time now.

This has nothing to do with trading.

I can't believe people like you know as much as you do but don't understand these basics of PMs.

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[–] • 0 pt

You realize people have been saying that for decades and it still hasn't happened, all the while the market continues to chug along. Maybe it does happen tomorrow or maybe it never happens in our lifetime.

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[–] • 1 pt

It's already started...

Man, there's major talk of jubilee in the democratic debates. They're already easing us in to it. Do you even realize what you're saying?

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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.