What will be good assets to grab when GFC II hits? And how to prepare?
- Thread starter SpacePete
- Start date
If we're talking GFC II rather than SHTF, then the usual prerequisites are cash, food, water and petrol.
Bargains may be academic, if the bank has frozen funds then unless you have cash on hand, bargains will go begging. This is why now is the time to have everything on hand. You maybe able to barter some bargains with PMs if the seller is willing.
Bargains may be academic, if the bank has frozen funds then unless you have cash on hand, bargains will go begging. This is why now is the time to have everything on hand. You maybe able to barter some bargains with PMs if the seller is willing.
Macq group and cba shares?
Depends what sort of crash,
If its deflationary collapse like 08/09, then cash, usd in particular would be the best asset
If its deflationary collapse like 08/09, then cash, usd in particular would be the best asset
And if you anticipate zimbabwe style collapse, then gold/silver would be better,
If u anticipate both. Eg deflationary collapse then fed comes in and launches 10 trillion QE4, then hold usd before collapse, buy gold/silver/ commodities and the bottom and wait for the inflation
Good luck to all thinking they will nimbly move from one asset class to another with perfect timing during periods of massive volatility
Marc Faber recommends 25% property, 25% stocks, 25% PMs and 25% cash
Benjamin Graham old school guideline is only bonds and stocks, between 30% and 70% each depending on market pricing
Marc Faber recommends 25% property, 25% stocks, 25% PMs and 25% cash
Benjamin Graham old school guideline is only bonds and stocks, between 30% and 70% each depending on market pricing
Brothels and repo businesses
sammysilver said:
^^^^
+1
That's basic prep for the most serious scenarios which everyone should consider.
I was talking to my mate who couldn't believe how uneducated Australians are. Overseas in some parts of Canada and USA, preparedness is taught as "basic" education.
Tsunamis, earthquakes not just economic SHTF. We are seeing titanic shifts in the world at the moment with a lot of the world aware of it. Europe is being flooded with refugees, markets have fallen with no signs of it turning around, I'm no trend forecaster but something major is happening and it's been speeding up.
AUD has fallen precipitously to 0.70 USD whilst this has all been happening. Everyone is struggling and despite massive QE the common person is being squeezed harder.
Good to have farmland too that's out of the way with water.
If something beyond that happens then what? I think we'd be in trouble. From war to nuclear reactions having to be serviced. Humans might not exist in that environment. Just saying to that to all the doomsday crowd, if it happens we might not survive that long.
SilverPete said:
From historical data, 2012 to 2015 these two bluechip shares that on my watch list have rallied significantly. Had you bought them at low, now their worth is nearly triple.
Pete made a good point that assuming things recover later (which I think they will, considering their position in financial market and how our super most tied with shares), they are worth to consider.
Patience is virtue
[LD]
Real estate with a 7 year outlook to resell.
I am preparing by buying a couple of board games. I figure I will be spending a fair bit of time at home rather than going out and spending money.
I have a year's supply of tea bags, a rainwater tank and a wood fired stove, I should be able to manage, even if I have to drink it without milk.
GFC didn't really hit Australia in the way it hit my folks back in the UK, they had some big name companies go belly up. It hit my relatives in Greece a lot harder. But I didn't really notice much, Crazy Clarks shut down and pretty much the exact same shop opened up in its place.
I doubt I will be adding many assets, just keeping my head down until it all blows over.
I have a year's supply of tea bags, a rainwater tank and a wood fired stove, I should be able to manage, even if I have to drink it without milk.
GFC didn't really hit Australia in the way it hit my folks back in the UK, they had some big name companies go belly up. It hit my relatives in Greece a lot harder. But I didn't really notice much, Crazy Clarks shut down and pretty much the exact same shop opened up in its place.
I doubt I will be adding many assets, just keeping my head down until it all blows over.
