Posted: Mar 31, 2020 12:53 am
Spearthrower wrote:OlivierK wrote:To put food on the table and convert the rest into bitcoins/gold now before the crisis hits?
James' predictions might be a bit shit, but his continuing to work for a fiat currency wage isn't at all hypocritical, especially as that the only kind of wages going around right now.
I get that it was a throwaway remark, so not sure it's worth latching on to defend
Whatever you earn now is going to be worth nothing when the predicted hyperinflation hits.
I know that. But whilst the £ still has value, I need to work to earn it.
All my words on this matter are for the near future. I own bitcoin & gold/silver for the near future, not NOW. I have a gold-backed debit card (glint) for the near future, not NOW. Likewise a bitcoin-backed card (wirex). Likewise, I'm growing veg in my garden this year. Not because I enjoy gardening, but because it might potentially save our lives. That's how seriously I'm taking this.
This is the ONLY forum I'm a member of where I post any more, anywhere in the world. Therefore, I have an obligation to its members to help them where I can. Since nobody wants to listen to what I have to say about God, any more, I will now give financial advice where I feel necessary. Not for the thumbs ups, but to help the members here in the near future. Even your good self.
My advice:
a) Have SOME cash under your mattress, in case the banks go bump again.
b) Buy some silver and gold. Store it in vaults and/or have it delivered to you physically, depending upon how much you're investing.
c) Insofar as you can, buy sufficient long-life food to keep your family alive for more than 1 year.
d) Invest at least a small portion of your wealth into bitcoin/crypto. This could go tits-up and is high risk, but digital money may be the next 'fiat', so at least chance your arm to a small degree so that you're in the game and know how to play it.
e) Do NOT consider buying property/land until this crisis is well and truly over, for in a worst-case scenario, property/land could devalue as much as the stockmarket.
f) If you're bored and self-isolating at home, do an online course in how to live from the land.
g) Indeed, if you have any land, consider growing your own veg, as am I.
h) Consider the possibility of keeping livestock, especially chickens.
i) Consider the possibility of anarchy. How will you defend yourself? Or, consider the possibility of no food: how will you acquire it?
Get the right tools for the job.
These all probably seem like drastic actions to you all, but we're amidst this crisis already. Don't wait until it's too late. The only positive note is that you still have time to do something to protect yourselves.
This is akin to March 1940, folks. The war has started (ask Trump!). Don't just sit there with your heads up your arses thinking that it might be a "phoney war". You all NEED to be as proactive as you can in order to protect yourselves from what's coming. PLEASE!.