Are you prepared.....

in #steemsilvergold6 years ago (edited)

Good morning my friends.....

Ive been watching everything around us is teetering on the edge for quite some time now. As well as most of you have. Well it has really made me start putting more thought into ”Am I prepared” if this starts to fall off the cliff?

When, not if there is an economic collapse. Do you think that you have taken the appropriate measures to ensure that you will not only be a survivor of it, but will end up at the top end of the food chain as they say.

While I am no expert and am I not trying to give any advice, here is some of the things that I believe are most likely to happen during the economic collapse. Again these are just my opinions on it.

In no particular order, here is what I believe will happen:

The stock market will have a correction of 40-60% and they will shut down the market.

This will cause the banks to shut down, because of margin calls. You will not have access to your money for who knows how long. And once they do give access, they will have a limit on the amount of funds you will be able to withdrawal.

Side Note
During the last bail out, congress passed a law that the banks can take your money and you have no recourse. Look it up, if you don’t believe me.

The country is in such a financial deficit, that there is no possible way they can bail this one out.

There will be great panic throughout the country and world. Since we are the benchmark for All world currencies. Everything is compared to the US dollar.

Ways to be more prepared

While I am not a prepper by any means and do not think it will be an apocalypse. I do think that it will be fixed quickly. Which means you will need to have a plan in place.

Are your precious metals accessible? If they are in a bank you will not have access to them.

Do you have enough precious metals to maintain your current lifestyle during the collapse? Here is a chart from an article from goldsilver.com of the amounts they believe will be needed in both silver or gold to make it through the economic collapse with a time frame


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This article really grabbed my interest.

What are your thoughts and or opinions?


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Awesome charts, some people carry mortgage amortization charts, some use the Rule of 72, Real Men with Real Assets use a calculator for ounces per moth to survive a collapse scenario, I love it..........But did you consider Venezuela. 1, 885,000% appreciation, YTD.

The general sentiment re: pms and crypro are about the same... i believe both will show their true worth in the near future.

Stack the ounces and buy bitcoin!

I'm more prepared than anyone I know of... I even have Bullet Proof Windows... I was more worried about Rocks breaking my Windows than Bullets... I do feel safe when asleep... You're going to need Gold and Silver to get your hands on spendable U.S. Coinage... If you're outside the United States, it's a good idea to have some U.S. Bullion Coins... Federal Reserve Notes will be nice to have until the end of the Redemption Period...

The requirements are higher than needed...in a crises the value per unit of goods for Gold and Silver will rise, but being over prepared isn’t a bad thing unless the government labels you a hoarder. For me, food and water are also very essential.

You got a 42.90% upvote from @minnowvotes courtesy of @silverd510!

Thank you for your continued support of SteemSilverGold

I think that even on a near market collapse, there will be opportunities for many who are savvy in trading. I think that the US being what you describe it to be, will just print more money to prevent a disastrous total market collapse. The best really is to take one's money out of the debt-credit system, keep substantial fiat on hand, and do exactly what we are doing... stack precious metals.

I don’t think the Fed will do that this time. They are not ran by the government and that would reduce the value of the US dollar by 50-60-70 or possibly 80% making it almost worthless. I’m trying but that chart put a scare in me.

I agree with you silversaver888, at one time i worried we would repeat 1929. I now see that the Gov./Banks will just keep printing, and keep interest rates close to “ 0 “. Japan openly is propping up the markets, i beleave they all are...... Then there is the unsustainable low prices of Silver/Gold how can this be a free market. So this is how they will continue, and the Stock market will continue to soar! So we continue to stack, buy Crypto and i will throw some money towards stocks just because i know that the musical chairs game will continue .......,,.

I would rather skip on gold and collect silver. Its much easier to obtain, and still floating around for free in the form of coin roll hunting. By the way I am brand new to Steemit. Came over from facebook after the censorship battles. Preparedness and politics are my thing!

For the immediate situation in every collapse. And I mean every collapse, see Cyprus, Venezuela, Zimbabwe, etc. Cash is King! Gold and silver are for buying up assets on the cheap. Discount real estate, discount cars and trucks, lumber, farm land. All real assets. But in the immediate, cash. Always have cash.

In all recent collapses, crypto also would have saved people. In Cyprus, he who had Bitcoin, bought the land... It's new, it's not gold, but it would have worked like the bee's knees in Cyprus!

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