⭐ Merited by LFC_Bitcoin (1)
Guys, check out silver price. ::)
It's actually in the buy zone for me. But ironically, no one can get silver at spot right now, the silver vendors have made sure of that with a high premium.
Would honestly love to own physical gold & silver, purely for the being in awe , magpie, shiny, shiny type hypnosis of it but not at the expense of buying corn.
Hmmm...
The substantial effect of the gold ban is still in full force. The government simply no longer needs to maintain a legal ban, when individual ownership of gold is restricted to only relatively few wealthy investors (most of whom never take deliverythus leaving possession, nine-tenths of the law, in control of banks), plus economically negligible amounts in the hands of socioeconomically and politically marginal goldbugs and preppers. Seriously. The system does not care if you and a few others have a few coins of an ounce or less.
Read what I said two paragraphs after that, if you want any chance of surviving a real SHTF scenario.
Gold (etc.) is the only form of money that survives the deaths of civilizations. But it has been under total control in America since the 1930s, and worldwide since not later than the Nixon Shock and global conversion to completely arbitrary fiat currencies.
Any WO-style investment decisions assume as a premise the continued existence of civilization. For other assumptions, you needed to start preparing long ago. But if that assumption is correct, then dont shoot yourself in the foot financially here.
Do the opposite of what panicking people are doing. For example, I have my own take on this excellent photo of panic personified:
Mass Suicide!
Also, for example, if panickers are dumping Bitcoin, then now is a good time to accumulate it. If I had any fiat to invest, I would be buying more Bitcoin, and also be looking at futures in commodities, plus some stocks for companies that are least likely to cease to exist. Well, take that for what its worth: I have no skin in the game with fiat currencies. ;-)
If I had been trading in London at the time of the Battle of Waterloo, I would have ridden on Rothschilds coattails, too. Even without any special intelligence as he had. Just based on my principle that men with cool heads place carefully measured bets against panic. Always bet against panic!
All of this is high-risk; but do not expect safety in a time of mass chaos (or ever!). It is a good time to get rich, if you can pull it offand if you cant, for the nth time, government-issued scrip is not a safe place to park your assets right now.