Now is not the time to panic. It's time to act smarter, be frugal, and make the right moves before things get worse. If they get better, that's awesome! If they don't be prepared.
And my concern about gold is: Ownership of gold seems to assume the economy some day returns to a level of normalcy.
And...
If you have to use your gold for expenses, how exactly can you dole it out? Who would trade their bread or water etc for any amount of gold? And if they were willing to sell their food or anything else, do you somehow scrape some shavings off of a coin? Or do you simply hand over a coin you bought at $1800 or $2000 or more? Serious question, bc i own gold but don't see the real value in it except in more "normal" economic times.
Seems to me that in a total collapse, metals could be 100% worthless.
My concern is this: When they flip the switch to CBDC tied to ID, what will happen to physical gold and silver holdings?
Tom Cloud also talks about "diversified confidence." Don't put your money in any vehicle which doesn't give you confidence.
Go to about 9:20 in this youtube video of his.
https://www.youtube.com/watch?v=jBKsXp4KTY4
And my concern about gold is: Ownership of gold seems to assume the economy some day returns to a level of normalcy.
And...
If you have to use your gold for expenses, how exactly can you dole it out? Who would trade their bread or water etc for any amount of gold? And if they were willing to sell their food or anything else, do you somehow scrape some shavings off of a coin? Or do you simply hand over a coin you bought at $1800 or $2000 or more? Serious question, bc i own gold but don't see the real value in it except in more "normal" economic times.
Seems to me that in a total collapse, metals could be 100% worthless.