This is a warning to investors:

With the USA being in a state of upcoming bankruptcy it is advisable to convert your US Dollars into gold and silver. Gold and silver fluctuate significantly, but they will never be considered a bad investment because they have intrinsic worth, being precious metals. Government shutdowns have been rumored and countries such as China are in a better position than the States as they are lenders rather than borrowers. It would be horrific but the USA may default on its debts, so convert your dollars to gold and silver while you still can. Furthermore, it is not advised to put your money in any other fiat currency but precious metals only.

My two cents...

Cheers!
-warmfuzzy

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This is a complex problem, as the relative value of each commodity is uncertain, while at the same time the relative value of the unit of measurement (currencies) is changing while simultaniously being degraded by inflationary pressures.

In addition to the values be difficult to forecast, there are two additional axis that are in flux: Risk and Relative Liquidity.

It seems that the three form a sort of flexible triangle where if there is an advantage on one axis it causes adverse effects on the other axis areas.

That the flexibility moves over time, and not in a linerar form, makes this ever so complex.

The stance I am personally taking is portfolio-diversity, where I'm striving for stored value hedged in several different forms.

YMMV, but the old addage "don't have all your eggs in one basket" is what I am taking to heart.

--- Steve K9ZW via SPOT BBS

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warmfuzzy wrote to All <=-

This is a warning to investors:

With the USA being in a state of upcoming bankruptcy it is advisable to convert your US Dollars into gold and silver. Gold and silver
fluctuate significantly, but they will never be considered a bad investment because they have intrinsic worth,

It feels like precious metals prices have been kept low, don't know if
there's an intention to keep money in the economy instead of having it
land outside of the currency-go-round.

It'd be interesting to see what happens to precious metals if the
dollar goes sideways.

I keep some metals, mostly as SHTF barter, but by accumulating a bit
here and there, it makes a nice hedge against inflation for the point
you made.


... "The swift blade penetrates the salad."
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k9zw wrote to warmfuzzy <=-

The stance I am personally taking is portfolio-diversity, where I'm striving for stored value hedged in several different forms.

YMMV, but the old addage "don't have all your eggs in one basket" is
what I am taking to heart.

Well, a government-backed basket was a good call if you're in it for the
long game. The current bank runs are going to result in other mid-sized
banks failing as they're bought out by the larger banks - in the next 10
years I'd be surprised if we don't see a handful of ultra-large, truly too-big-to-fail banks swallowing up the majority of the deposits.



... A journey of a thousand sandwiches begins with a single cut.
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With the USA being in a state of upcoming bankruptcy it is advisable to convert your US Dollars into gold and silver. Gold and silver fluctuate significantly, but they will never be considered a bad investment
because they have intrinsic worth, being precious metals. Government shutdowns have been rumored and countries such as China are in a better position than the States as they are lenders rather than borrowers. It would be horrific but the USA may default on its debts, so convert your dollars to gold and silver while you still can. Furthermore, it is not advised to put your money in any other fiat currency but precious metals only.

Considering the fact that in trading, all is about speculative pricing, not actual ownership of any goods and Dollar is long disconnected from gold value.. yeah... I'm expecting some fun.

But seriously, this is nothing new. This is a continued journey since 2008.
US gov just keeps concealing its weak economic situations through various tricks, but it's literally bankrupt and going through a series of crashes since.

This is like XX century's big crash, that finally turned off around 50s and impacted a lot of conflicts (WWII included) and political turmoil between 20s and 50s.

This is happening again, just different key players who try to pull the strings. But regardless of the currency, I'm expecting another real estate crash soon and having cash to buy back some properties at bargain price from bankrupts is where I'm thinking to allocate my money.

But I live in EU.. Dollar is over valuated to me for a while already so I don't give a damn about it now. Current valuation of Dollar should be about 0.6-0.7 of what is today, to keep it stay real. Perfect timing to play short transaction on FOREX if you have capital. I'm sure Russian servers on Cyprus are turning red quite often.

But aside of all the bollocks in the Washington happening recently, no-one sane in US institutions will allow this happening as you'd basically collapse as a country.

That's what Russia and China would love to see as a green light for further political expansions. That is what would most likely break EU into parts as well, for many different reasons...

So yeah... if post WWII's order is to keep, US gov accounting trickery must stay and continue, until this another cold war develops to more significant advantage of the contested.

-h1

... Xerox Alto was the thing. Anything after we use is just a mere copy.

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hollowone wrote to warmfuzzy <=-

This is happening again, just different key players who try to pull the strings. But regardless of the currency, I'm expecting another real
estate crash soon and having cash to buy back some properties at
bargain price from bankrupts is where I'm thinking to allocate my
money.

We'll see how it plays out in grossly inflated markets. I'm in
California, I don't know if people fell for adjustable rate mortgages
when the rates were already low - if so, they'll be in for a shock.

I'm keeping my eye out for rentals when the market dips.

That's what Russia and China would love to see as a green light for further political expansions. That is what would most likely break EU
into parts as well, for many different reasons...

I keep thinking of Greece and the problems they had. When an economy
tanks, first step is to devalue the currency to increase exports and
give a boost to tourism, bringing in foreign currency. Can't do that
when you're tied to the euro.


... Centrifugal force reacts to the rotating frame of reference.
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