say if you knew the economy was going down next week...........?

A

Ag bullet

Well-Known Member
say you had an inside tip off that the economy was going to crash next week, would you stock up on gold, silver or a mix?
 
I get those tips weekly from Zerohedge, Jim Sinclair et al :lol:

Bugger PM's, you'd want food, fuel and TP for that situation. And a very secure shelter. Then I'd stock up on G&S
 
What type of event? Stock market crash? If it was going to be a stock market crash I'd go with not buying extra of either and instead get some cash together for a fire sale on stocks. Gold will initially fall in a crash (like in 2008).
 
House said:
I get those tips weekly from Zerohedge, Jim Sinclair et al :lol:

Bugger PM's, you'd want food, fuel and TP for that situation. And a very secure shelter. Then I'd stock up on G&S
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House, I think we interpreted 'going down' a little differently haha. If 'going down' means SHTF then I'd pass on those stocks haha.

OP - can u clarify? ;)
 
I've been into survival for over 30 years, I have most everything I need. I am currently using and replacing my old food stores, and have lots of barter items on hand. All I really need to do is refill my propane tank at my property up in the sticks, and buy some last minutes items.
So I would go with silver.
 
But seriously, if I can't afford to stock up on life supporting goods then I would sell enough of my PM to do so. What good is wealth preservation when you're dead of starvation or exposure. Life preservation > Wealth preservation.

I guess it would depend whether the tip-off is is just another GFC crash or a complete fiat collapse. If the source is zerohedge, just ignore.
 
Ag bullet said:
say you had an inside tip off that the economy was going to crash next week, would you stock up on gold, silver or a mix?
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If you do have such a tip make sure you don't have a facebook link to anybody in the ABS.

:lol:
 
Take all the G&S I have. Have a mate with a farm. I'd head straight there to fortify it and avoid the crowds. No point sitting around waiting for everyone else to clog up the highways and break down in terrible places.

EDIT

Re-read my answer and thought I looked like a psycho. Note that is for SHTF fantasy scenarios where a flint to start a fire is more valuable than many other things.

If, to re-read that the economy was just going down...well after selling all my personal and SMSF shares, stocking toilet paper, some more food any fuel, lots of small size silver with a few gold to trade for capital goods.
 
Get my hands enough USD to live for a year and go on a long holiday through countries with a cheaper cost of living than here
 
Ag bullet said:
say you had an inside tip off that the economy was going to crash next week, would you stock up on gold, silver or a mix?
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I have a 400 days worth of ass-wipe, you don't 'stock up' in a week. -bw
 
Caput Lupinum said:
I'd buy a brothel with a good stable. Sex sells in any economic environment
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Even with horses you reckon? Damn, I've been doing it wrong.
 
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