Thank you for writing all that up. I don’t understand most of it but it gives me a starting point.
When TRUMPCOIN dropped right after Jan 20th I figured his goal was to break the economy so I just moved everything I was allowed to move into gold figuring it would be better to have gold than USD. So far that has paid off. I have several bond investments I’d have to take penalties to move so I left them alone. Given the state of things now I wish I’d gone ahead and done it.
Did selling all my stocks and buying gold reduce market liquidity at all?
unless whatever “gold” you bought into actually delivered you physical gold or pays out a dividend…it’s probably being played the same as everything else, thats the whole point of a bubble.
bonds are a whole other beast, as bonds whole point is to act as a safe secure longterm investment…when the wolves run the show…their whole goal is making everything unsafe. they’re trying to “shake people out”
hence, mass devaluation of USD, ontop of out of control inflation (being hidden in crypto), and undermining any and all sources reliability like say…replacing heads of various “independent” federal agencies meant to report on the economy (and mass firings in those orgs). and of course…that ol’ sovereign debt crisis that pops up every 3-6 months.
if your goal is keeping your nestegg safe, nothing connected to the US economy/USD is safe until the wolves are gone.
but overall…you can just follow buffets advice, put your $ in stuff you know and don’t mind holding a long time.
if you already sold your stocks…i’d look over everything you sold and see where it stands now, buying back might still a good deal. hell maybe it dropped since and you get a discount, who knows.
they’re playing a dangerous game…if they (the people behind trump) forget rule 1, they arent the oldest players and that means they definitely don’t have the lowest cost basis. they fuck over or steal from the wrong people too many times and eventually they will get wiped out themselves (though forcing institutions to start offering and by extension buying crytpo, because they have hedge…smart move…)
Thank you for writing all that up. I don’t understand most of it but it gives me a starting point.
When TRUMPCOIN dropped right after Jan 20th I figured his goal was to break the economy so I just moved everything I was allowed to move into gold figuring it would be better to have gold than USD. So far that has paid off. I have several bond investments I’d have to take penalties to move so I left them alone. Given the state of things now I wish I’d gone ahead and done it.
Did selling all my stocks and buying gold reduce market liquidity at all?
unless whatever “gold” you bought into actually delivered you physical gold or pays out a dividend…it’s probably being played the same as everything else, thats the whole point of a bubble.
bonds are a whole other beast, as bonds whole point is to act as a safe secure longterm investment…when the wolves run the show…their whole goal is making everything unsafe. they’re trying to “shake people out”
hence, mass devaluation of USD, ontop of out of control inflation (being hidden in crypto), and undermining any and all sources reliability like say…replacing heads of various “independent” federal agencies meant to report on the economy (and mass firings in those orgs). and of course…that ol’ sovereign debt crisis that pops up every 3-6 months.
if your goal is keeping your nestegg safe, nothing connected to the US economy/USD is safe until the wolves are gone. but overall…you can just follow buffets advice, put your $ in stuff you know and don’t mind holding a long time.
if you already sold your stocks…i’d look over everything you sold and see where it stands now, buying back might still a good deal. hell maybe it dropped since and you get a discount, who knows.
they’re playing a dangerous game…if they (the people behind trump) forget rule 1, they arent the oldest players and that means they definitely don’t have the lowest cost basis. they fuck over or steal from the wrong people too many times and eventually they will get wiped out themselves (though forcing institutions to start offering and by extension buying crytpo, because they have hedge…smart move…)
I just moved it to COMEX. I’m a bit intimidated to try to manage a half million USD of physical gold deliveries. What can I do?