If you want to protect your financial assets during the coming collapse you need physical gold & silver.
(And yes, you need a lot more than just gold and silver to survive the coming collapse.)
Paper assets or essentially everything that is backed by nothing will get totally wiped out.
Bitcoin is diverting our attention from the only real money out there, which is physical gold and silver.
– Bitcoin Flash Crashes, Drops By 80% In Seconds (ZeroHedge, Feb 10, 2014):
Now that Bitcoin exchange Mt.Gox has terminally discredited itself following the latest, and likely last, withdrawal halt announced late last week which sent the value of Bitcoin tumbling by 25%, Bitcoin traders are left with just two exchange options on which to transact: BTC-e and Bitstamp. And for those using the former to buy and sell the virtual digital currency, things went from bad to worse a few short hours ago, when Bitcoin had its very own “Waddell and Reed” moment, when the price of Bitcoin cratered by over 80% in the span of seconds, after a modest block of just under 6000 Bitcoins sent the price plunging from over $600 to $102.
However, market gymnastics may just be the tip of the iceberg – a far bigger issue, one we have been warning about since the last March surge in Bitcoin’s dollar price, is that the crackdown on Bitcoin both in the US (see “Miami Bitcoin Arrests May Be First State Prosecution“), and around the world (in Russia Bitcoin was just declared illegal) is finally heating up. It’s only going to get worse in an insolvent world desperate to halt money laundering.
And since digital currency advocates have finally realized they can’t hold the electronic 1s and 0s in their hand in a worst case scenario, the biggest winner of the latest Bitcoin crash is none other than the real alternative currency (in Paul Singer’s words), gold, which moments ago just hit a one month high and rising.
A great example of how the unregulated market takes care of things.
Another view.
http://www3.nhk.or.jp/nhkworld/english/news/20140210_26.html
I think people will be much more in need of physical safe food and water than gold and silver…..you cannot eat or drink them.
Just my view, but that is where the real shortages are. People cannot trust the food sold them in stores, and the water gets worse every month. Shortages make it even worse.
@Marilyn Gjerdrum,
Water and food will be of utmost importance.
What I see coming is that people may kill each other over dry piece of bread.
However, you cannot invest all of your money into food and water.
So to preserve your financial assets gold and silver are an excellent store of value.
I also recommend to have a remote farm and a self-sufficient lifestyle (if possible), but unlike any kind of real estate and tons of food & water you can take gold & silver with you in case there is another ‘Chernobyl’ that may destroy your ‘family farm’.
Only 1% of the world population owns physical gold and silver the rest will get totally wiped out (and lose all their paper assets).
Even real estate will be a bad investment, unless it will provide water, food and shelter for your family.
So what I hope to get through to people is that they have to be prepared on all levels (incl. physically, mentally and spiritually) for what is coming.
I want the people to diversify their investments as good as possible & reasonable and help to thwart the plans of the elitists, because they do have a plan, even if all of this madness superficially looks like a bunch of corrupt, greedy and fascist idiots at work.
Best,
Infinite Unknown
Thank You. Well said. Been talking for years but most don’t want to see it coming. Good luck.
John is spot on. Nobody wants to see it coming. The denial is unbelievable.