You sound just like this guy I know. 100% invested in precious metals. More or less every penny he has, he has in them. Hopefully you'll be smarter than him and use this bounce as a chance to diversify a bit and pull some money out (I alreay spoke to him, and he is not). Although, based on your post, I'm guessing the chances of that aren't likely. Either way, best of luck to you, but keep in mind, so far, I (and the rest of us) only have to write checks to bail out "investors" with bad judgment in real estate and real estate related investments. I don't think there is any lifeline for bad judgment in commodities
or boast or rub things in to make a point, add that MOST of the positions you were bragging about AND gold were all lower than when you made the thread.
Very true. Just remember the 3 B's..... Beans, Bullets, and Bullion.
Having a solid food prep foundation could be very important in the near future. "Store what you eat, eat what you store". You should have at least 6 months of food and water on hand. Also I recommend having 6 months of cash for living expenses on hand if possible.
Guns and ammo are the ultimate survival tool(s), especially in an urban setting. Fuck those who want to take our guns away.
You can't eat gold (or any other PM), but owning physical gold is a great way to preserve your wealth. It is also a good hedge against (hyper) inflation, even though at this point, I'm starting to give more credence to the Kondratieff Winter theory.
The PM paper traders can and probably will make more money with gold as a paper investment, but I am very happy and content with my holding of physical gold bullion (and silver) as a big insurance policy after the shit finally stops shooting off the fan propellers in 5- 20 years...??? Who knows how long this will last. Gold may drop to $500 or it may rise to $3000 or higher....none of us know, but I would rather own tangible assets than paper.
I can't tell you yet at what price I will sell some of my stash, but I hope to survive the shit storm and make decisions from there. My rant may sound radical, but I go by the theory of "I would rather have it and not need it, than need it and not have it."
As Chris Martenson has stated, "the next 20 years will be nothing like the previous 20 years." I know this off topic, but here is Martenson's "crash course". Take your time and enjoy this course. I don't agree with everything stated in this course, but found it pretty informative.
https://www.chrismartenson.com/crashcourse
Established in 1995,
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