Don’t have the money to buy gold in the first place, and still essentially with my parents still for college, so what can I do to prepare for what’s probably coming?
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Buy silver instead or cryptocurrency and learn how to store it all safely, yes it's partially as a speculative investment, but over the long term it's about wealth preservation so you have something to trade with when hyperinflation inevitably hits. Silver is actually a hell of a lot cheaper and you can buy it in small amounts relatively easy compared to gold, just make sure you do your research on metal purity and buy it in bar form.
You're kind of reminding me I should probably look at least buying a few silver bars maybe or something, depends on what happens.
I used to buy some silver every month until I got laid off. I need to get back into it.
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how does one even liquidate silver? there's a decent chance the dollar will collapse, but I don't see the world moving away from fiat currency anytime soon. It will just be replaced with the ruble or the Yuan or the Euro, or even the globalhomo digital currency.
if one tries to buy food at the supermarket with a gold or silver bar, they would be told to fuck off. even a farmers market won't accept what is essentially bartering. and even if there is a full collapse of society, people will be more interested in food and resources than silver.
Lethn is a brit, so probably can't buy survival goods and definitely can't buy the always valuable precious alloy called "ammo", made of lead, copper and brass.
That's what you think normie ;) also you're forgetting about very key ingredients that would definitely get me on a watchlist if I posted it all openly on here and I'm not dumb I keep my mouth shut about that even with the normies I know RL. Also, when it comes to what people use as currency and consider valuable, everyone's a trash talker until it comes to their neighbourhood and they're having to scavenge a loaf of bread with a wheelbarrow full of fiat.
One thing I have been doing which I can talk about freely is being autistic as fuck about vegetable gardening and learning lots about long term food storage. I'm going to be experimenting with things like making my own pemmican or dehydration. That's something easily available to everyone these days because you can get dehydrating machines which is handy.
Ammo is the best investment.
High longevity (if stored properly), tradable in discrete amounts, and immediately useful in most scenarios.
This is the second time Ive seen it today, I'm curious you're logic on being so insistent on bars. I tend to prefer coins if they don't come at too much of a price premium. They can be authenticated to a very high certainty by look and feel alone and come in various sizes for easy trade. It's not like whatever government minted them can decide later its not authentic after the fact.
Don't get me wrong, coins can be fine if they're from a very trustworthy source, however you have to know about metal purity. Depending on the certain year for example if you're buying old coins governments would cheat their citizens regularly and mix copper in them to produce more which is the old school equivalent of money printing and put more coins into circulation.
Bars are just a fairly reliable way of getting around that and if they're from an assay office and have an official stamp on them then you know their purity is legit. Same goes for if they're a bar that's been smelted at a real physical location. People won't really go into the detail unless you ask because there's a lot of detail around precious metals and how they're valued.
Oh ok, I never buy old coins really and just stick to highly mainstream commodity grade coins, not collectible stuff. Although I do have some old 90% silver US coins, but those were just things I've acquired occasionally, and there are so many of those in existence they are a known commodity.