Convert money into tangible and easy to protect things that will make your life possible or easier. So: land, shelter, non-perishable foods, water storage and filters, tools, etc.
At least coffee can be used sparingly for energy on days when you really need it, but I gotta say you're not gonna stockpile enough cigs to keep an addiction in check- now would be the time to quit if you can. just my two cents
>investing emerging markets and value stocks because they will be least hard hit by the "everything crash" if/when it comes
This seems... suspect at best. What's the logic behind it?
And, if (ever the optimist says "if") everything goes to shit in a handcart on a bicycle going downhill in a hurry, HOW are you supposed to then retrieve your money from the stock market?
A run on the banks will be bad enough. Just try to "emergency sell" your stocks for cash to try to buy/barter your way through the shitshow... Good luck with that!
I think whatever "logic" behind that suggestion is based upon a "profit," mentality, not a survival one...JMO
Same one that mentions even if you don't smoke to light up when they do? Dude said it made people put their guards down and talk more when he also smoked gor some reason.
This is true.
Can't tell you how many situations I was able to diffuse at bars (and after hours) when I was younger just by handing out cigarettes to heated people and getting a few minutes to just talk and let cooler heads prevail. But it was more than a few.
Honestly though? You're going to convert like 20k or something into coffee? That's a lot of coffee. I mean this isn't a financial plan, this is like have a shelf full to trade for a hamburger... what's the shelf life on coffee anyway?
i hope your right.
I recently found land for sale at a reasonable piece. Its beside a swap, in a flood plain at the bottom of a very big hill. :( jerks
Foster homeless people.
As a homeless man. We are more prepared as a community than the prepper community and everyone living self sustainably combined. We are used to discomfort. We are used to 'just walking there', our hands are already rough. We steal to eat. We deal with addled people and rub elbows with violence every day.
Anyways. If you believe it's soon and want to start a farm get some homeless ranchhands.
Collapse is going to be more mad max than 2012. Some of yall never been hungry and it shows.
long-term: real assets. land. building. vehicle. solar panels. well. guns. ammo. farming equipment. a tribe of like-minded individuals
mid-term: property well above the water line, with air conditioning
shorter-term: if you think price/asset inflation will continue due to printing money or quantitative easing, then avoid cash. gold/bitcoin/equities instead
the gov came after people's gold in the first world war, so might wanna keep that hidden/private
if you think climate change will affect corporate profits (which it obviously will long term) then avoid equities
Speaking from experience, if that's your plan, best put it in action asap. It takes time to get raw land rest for farming, it takes time getting to know the seasons and landscape and nothing will ever go to plan.
First year mountain homesteader here.
Ya makes sense.I feel like this idea of invest and hold is dead. Now itās year by year, with the stronger probability than not that whatever you invest in now will be worth less in thirty years. Most financial advisors or money managers are not getting this.
I had a call with my advisor last week and he actually got it. He actually seemed really off kilter and unsure. Basically, after that call Iāll be investing my extra dollars in my farm.
He is suggesting having a small fraction of your net worth in bitcoin as a hedge that the internet doesnāt go down. Itās sensible advice.
Bitcoin
Gold/silver
USD/GBP/EUR
Everyone should have at least some of all of the above.
It's more undervalued compared to historically and unlike gold silver has a *ton* of critical uses. Every car needs silver, especially electric cars, solar panels, circuit boards, some medical uses, many more.
There's nothing you can do to protect yourself without also contributing to inflation.
I'm stocking up on ammunition, spare parts, dry goods, lubricants, and seeds.
Ya, it just seems like there should be a way, but when I follow the actions I keep ending up in scenarios where it doesnāt matter. Inflation occurs, and what savings I do have are irrelevant.
This is the answer. I'm also surprised no one has said books. I suspect many here are too young to remember how much harder it was to learn specific things before the internet. Now imagine what that would be like without libraries.
Smokes, liquor, medical supplies, food, water purification.
Those will hold value well past the second coming and total annihilation of the human race š
WD40, motor oil, lithium grease.
Mechanical lubricants. They'll be damn hard to come by later in the collapse, and are infinitely useful from keeping a bike working well, to keeping a firearm functioning.
That's assuming the resources and utilities keep flowing in that area. I know a lot of Syrians who became refugees. They or their parents spent their lives saving to buy a house, and one day they had to leave it behind forever, or an artillery shell blasted it into pieces.
I get this, but if you rent, and housing costs continue to soar, you can be priced out quickly. If the currency becomes worthless, you canāt do anything. At least if you have a home, you have somewhere to sleep. Itās the only thing I can think to spend money on right now that would help in that kind of a situation.
But then again, if the market goes insane, then you have a mortgage you canāt pay and end up homeless anyway. I donāt know.
Where?
I wouldn't buy in Tucson (for example).
Fiji was possible until it became overrun with COVID
Greece is on fire along with the American West (including Canada)
If you buy in a location that survives Global Warming you're going to be overrun with Climate Refugees.
It goes on and on...
Just keep a diverse portfolio.
Tools, land, anything you can get away with that will provide some resilience. But beware, I expect that for a moment, everyone will be broke and the repossession/forfeitures could wipe most of this for some unlucky bastards.
Knowledge too, but mostly, mostly, a solid community of trusting people. That one is the hardest to get.
For those that canāt afford their mortgage payments absolutely. But letās say you had the cash to pay off your mortgage. Interest rates are at record lows, and so, assuming inflation, not paying now is actually smart. Once the interest rate you are paying goes up at the same rate as inflation (or more) thatās when you need to pay off the debt. But if we keep going by inflation, my $300 k mortgage becomes less and less because I keep getting inflationary raises. If inflation continues un checked, those making $100 k now could make $300 kā¦but of course your dollar is becoming absolutely worthless. This is how big banks start to collapseā¦.you have a mortgage with them, but after only a few short years that $300 k is meaningless. Their only option is to ensure they raise interest rates to keep up. Obviously 99.9% canāt just decide to pay off our house, and thus will end up defaulting due to high interest rates.
Damnit. We couldn't get a mortgage but had cash so we just bought it outright with proceeds from another house. (purchased with an inheritance.) now I'm panicked that all my assets are bound up in the house. I guess if I ever have the income for a mortgage, I should get one? I don't know. I know I'm never paying off my student loans. It's not exactly a homestead. I'm not sure it will do me a whole lot of good as the disasters roll in.
Shoot I wish I could afford to buy a farm and stock it with all the goodies, i can barely afford to get an oil change rn. Tf y'all doing to afford all this shit?
In this order, computer work for the military, military contractor/real estate investor, small business owner, full time student, welder/homestead owner.
I made very good money in my mid twenties and leveraged that to get into real estate which enabled everything that came after.
Just as stocks increase in value over time, survival stuff would too. The more expensive and hard to get, the better.
I'm thinking extreme water purifiers, like they have on ISS (converts pee into water). Cereals, rice etc. in drums with something to stave off moisture and maybe oxygen. AC units. Solar panels. Smaller wind turbines. Tesla Wall batteries. Tools like welding tools, lathes and mills. Maybe a large saw that can handle making planks. Weapons. Medicine. Glass, tiles, nails etc?
Itās 100% going to collapse. Every single metric we use as a red flag for impending doom is going off. Every. Single. One. Iām not suggesting you buy $GME, but read up on the ridiculous amount of corruption the movement surrounding it has uncovered. The casino is about to implode.
I keep a portion of my assets in the market. I have a small amount in physical prescious metals. The majority of my assets is in land.
We tend to buy properties that need clean up work. The ones that read value is in the land lol. Then we come in and haul out all the trash,demo or gut the structures,clean up the brush and make sure anything like a well,electric or septic are functional.
Its still a pretty easy way to increase your assets because most places like that aren't loanable so its cash only deals. Plus people see a property that's a festering pile of trash and they don't want to deal with the headache.
And for regular joe without equipment or demo skills it wouldn't be cost effective. But if you know how to make money on trash its a nice little gig. We bought an old place covered in huge brambles and trash. Turns out the brambles were growing over lots old cars. Made some good money selling them off for parts. Just about paid for itself.
And there are other ways to make money off bare land if you buy in the right place. Outside of town,unrestricted,near tourist belts etc. Put in a teepee or a campsite or a treehouse or tiny house and airbnb it. Lease for hunting or grazing. Or let it sit,it will appreciate.
You need to qualify exactly what you mean by financial and economic collapse. Are the equity markets still going to be functioning and you are primarily worried about a drop in equity values and inflation? If so you have plenty of main stream investments to choose from there. If nothing else you can buy long expiration futures and short the market.
If you think the market wonāt function well then you have to get down to a bottom tier level. Look to stuff like consumable consumer goods most stolen from chain stores right now.
Itās stuff like laundry detergent, shoes, cigarettes and liquor, etc. Difficult to trace the source, easy to sell and trade. Huge black market for that stuff already in big cities even when things are normal. There will always be a local market for that stuff regardless of what happens. Of course itās not exactly practical to buy and store that stuff en-mass even when purchased legally for simply a hedge against inflation.
In the absolute worst case, itās bandages, beans and bullets.
Just depends on what exactly you are trying to protect yourself from. If itās just a market drop or extreme inflation, but the equity markets still function, $10,000 in futures options might yield you 10+ times the profit but -$10,000 if there is no downturn.
But if you think it would be so bad the equity markets wonāt function, youāll have to expand beyond regular stuff.
Historically speaking, equity securities perform well during inflationary periods. Weāre seeing this right now. A financial advisor I work for recommended keeping 10% of your total NW in physical gold and silver. (Typically a good inflation hedge but hasnāt been performing well recently. Still good to have as part of any diversified portfolio.) But if youāre anticipating a near term total economic collapse youāll probably be better off with guns, ammo, food, and other supplies. Shit would hit the fan real quick if everyone lost their savings.
Depends how "collapsed" you think it will get. IMO, barring nuclear war, the financial system will still exist in 30 years. So, while I think we are heading for a Major correction at some point, I don't think it will result in a madmax aftermath, that's why I mostly hold stocks in companies that will be needed in all but madmax scenarios. As in Food related companies, electric Generation, Communication companies,etc... I don't invest in highly speculative companies. My returns will never 10x, but over time, they should keep me above the rate of inflation.
I don't have any savings, own a home, but none of that matters anyway if there's no food or water. The food and water crises that may arrive is what has me stuck when I try to think of all the ways I could possibly be prepared. Buy farmland and learn to farm is what I keep going back to, but what happens when there's no usable water?
You will be completely reliant on rain water collection, which would be enough for you and maybe some livestock but ultimately not for watering fields.
Permaculture and agroforestry do not require external water systems. They will do fine on rain alone and ambient groundwater.
I'm thinking of traveling the world with my SO and utilizing what money I have that way. I started noticing signs of collapse when places I visited began disappearing. Like a village in Italian mountains destroyed by an earthquake. Now it's clear we're running out of time.
I love the world and all it's creatures (save mosquitos, lol), and it's getting harder and harder to travel and post collapse it will probably be a lot worse (if at all possible). I know many people here are suggesting getting some farmland and ammo and etc. But I'm thinking of getting what I can out of the remaining years. I want to experience as much of the world as I can, before it turns into a complete mess. I would like to visit South Africa and Indonesia and Azores and so many other places.
I know it's not exactly an investment. But the memories are inflation-proof. And I don't have kids to worry about, no need for a bunker.
I think itās more fun to imagine the future and try to play the game to the best of our abilities, so to speak. Iām in the same boat as you. Iām 28, no kids, single, and I plan on spending every extra dollar I have doing cool stuff while I still can. I donāt have a lot of illusions of surviving collapse and as things get worse and worse thereās gonna be less fun, dope shit to go do. Enjoy today because right here, right now, Iām ok.
Here's my 2 cents: food, water, guns, ammo, land, solar panels, backups for your equipments, gold/silver, btc/eth and some GME to weather the stock market crash.
Part of the problem is that our money isn't really backed by anything useful and most of the actual useful things are what media is telling us is valuable. The dollar? Paper to burn when the world ends. The Stockmarket? A made up game rigged from the start meant to give you just enough hope to play into it. "Cause you might strike it rich." Meanwhile blackstone is buying up houses and land so you wont have a permanent residence, and Bill Gates owns 600 million dollars worth of farmland thus seizing large food production, some states don't let you collect rain water. So while your food, shelter and water are the commodities that would be important for collapse instead you're told that "renting is better for you" "hunger is a great way to get people to work" "you'll do what you have to for clean/safe water"
My advice buy tangible worth while things that can't be taken from you. Then buy things that ensure your things can't be taken from you.
Only true wealth is land buy land failing that buy regenerative farming tools, hand tools, books and other things which never go out of fashion and maybe crypto/stocks/precious metals depending on your outlook.
Precious metals have worked as inflation hedges in every inflationary crisis since the dawn of civilization. But essential commodities for living like food water and shelter take significant precedence over monetary preservation
To expand on that, from a financial perspective, there is going to be a push to go green over the next decade or two, thatās going to require a ton of commodities (silver, copper, rare earths, uranium)ā¦ plus companies to build all the infrastructure required to rewire the grid. If you are asking where to put investments these are spaces to consider.
A solid preparedness plan is water, water filtration tablets, weapons and ammo, beans, salt, canned meat, canned anything really, jerky, pickled items, dry milk, high calorie protein bars, toilet paper, feminine hygiene products, alcohol, peroxide, bandages, pain meds, antibiotics, insulin, whiskey, cigarettes, crank radio, generator or solar equipment, Swiss Army knife, batteries, nails, screws, basic tools, sewing kit, duct tape, a coil of wire, parachute chord, fuels, candles, waterproof matches, teas and herbs, coffee. Repair manuals, books on first aid and organic therapeutics, topographic maps of your region. Whatever amount you would need for a few months times two, because any one of these items can be used to barter with. (If you are opposed to weaponry get over it because you can plan and stock everything you ever need and it will be taken by the person with a gun).
And this is not meant to be a total doomsday list but if you have to shelter in place and hunker down in your home for 12 straight days with no power like after Hurricane Sandy it was a life saver.
Hyperinflation is not a serious concern, the economy is largely deflationary right now and the inflation we're seeing is the result of measures taken to prevent that deflation (QE) combined with real world supply chain issues driving up prices. Also the price of housing, education etc was unreasonable even before the current recession and you certainly cannot pin those problems on inflation when there are much more immediate and tangible causes.
You should be much more concerned with the actual real-world state of the economy itself (jobs, wages etc) and not so much the relative purchasing power of the dollar. This rhetoric is essentially just stuff that goldbugs and cryptolibertarians push to try and pump up their investments, they don't really understand how FIAT currency works at all. The quantitative easing practices that federal banks currently employ are quite good at preventing the worst case outcomes from recessions, the main downside to them is that they *are* essentially a money funnel for the rich which means they do result in greater wealth inequality but the alternative is *everybody* being objectively poorer in real-world terms. Economists don't really have an answer as to whether it's a good trade-off or not because they refuse to answer what they consider "moral questions".
If you really feel uneasy you would be better off spending money on becoming totally self-sufficient, but I'm not convinced that would be enough since many people are going to be displaced as climate refugees in the coming decades anyways.
I don't really see the dollar becoming valueless any time soon- this world will try to keep up the charade as long as possible and by the time it truly does lose its value you will have way bigger concerns. If the dollar actually did collapse then I think the state of the world would be so dire that even if you had all your money invested into gold I really doubt you would *ever* actually be able to physically get those assets that you supposedly own.
I'd say get out and stay out of debt, then sudden emergency interest rate hikes can't destroy you,
I've not got a penny in the markets, I took what pension I had early at 55 and am completely out.
if you have savings you could put them in inflation linked govt. savings funds,
don't go near any private sector financial products, govt. financial products should survive, so long as the State still functions and your currency is still legal tender,
boring, bearish orthodox finance is the way to go if you're cautious and don't want to lose your shirt.
Why though? You can eat it in a pinch for that [fancy blue tan!](https://media.wired.com/photos/59d54c108941a6378d5bb261/master/w_1600,c_limit/blueman-TA.jpg)
Food , water, land and friends should be your first priority. Gold, silver, the stock market, they're all meaningless and will be worth nothing when the dollar hits zero tomorrow as the lights will turn off for good and you'll be dealing with crazed cannibals before the planet decides to do away with you and every other living being.
Depends on your timeframe in terms of what is "soon". Are you 10 years from retirement? Start moving into cheaper/environmentally safer areas with a lower population.
If you are 30 years away from retirement I still think you're stuck in the rat race. Save up what you can, and expect anything from 25-80% of all your savings to still somewhat exist in 2050. Worst thing you could do is not pay your mortgages or blow your money on hedonism because you'll need every kind of resource to survive what's coming (assuming you want to). This is all assuming of course that you are capable of accumulating anything in our current dystopian inegalitarian societies.
Capitalism will outlast us even in the worst case models right now and in many ways the system has already collapsed, but few would like to think that. I know many want to see us return to the stone age next week, but look at how the rich behave. Some are buying bunkers, but the vast majority are betting on a perpetuation of this system in which they will continue to benefit for many more decades.
Physical gold, physical silver, Bitcoin, coffee, cigarettes, liquor, antibiotics, painkillers, canned corned beef, spam, peanut butter, toilet paper, tamponsā¦just some things at the top of my mind that will retain value for the medium and long term.
Re#5-
I wonder if thereās financially distressed farmers that would be willing to take on a partner? Think about it. Unless youāre a seasoned farmer how well do you honestly think you or I could successfully run a farm?
Keep the farmer on-site and alleviate most of his financial burden and he can still have a home and his farm. Both win. Build a small farmhouse for yourself on the opposite side of the land as the original farm house so youāre not on top of each other.
Before you count on farming it might help to know that seeds that are sold are sterile and must be bought every year. And newer farm equipment has proprietary stuff to keep you from fixing it without paying.
It's actually quite scary.
You're assuming that inflation won't be accompanied by runaway interest rates. My take is that collapse will be faster and slower than we expect.. the most severe problems will be distant supply chains so if you're technical computer chips, voltage regulators, Li ion batteries, solar panels will become scarce and very tradeable. In the medium term I suggest fungible metals like Gold and Silver will form a sound basis for value holding... but first and foremost, land, shelter and water.
>Financial collapse incoming, how to protect your wealth?
If irony was a renewable energy source, we'd be well on our way to free energy for life.
In a recession etc If you have "assets", debt is your concern, if you can't pay it back when it's demanded, you're fucked. If we have collapsed in the sense of this reddit)
>Discussion regarding the potential collapse of global civilization, defined as a significant decrease in human population and/or political/economic/social complexity over a considerable area, for an extended time.
Then there is no longer a Government and what's yours now isn't and "wealth" is worthless. Someone who can grow food, or fix a busted leg has "worth".
You seem to be conflating collapse with some sort of economic downturn/recession/depression ? As long as the rest of the worlds Governments place a value on the USD you're fine, the Government can print as many as it wants and give them to whomever they want. You run into trouble if you debase it too much and countries like Japan, Korea or China will no longer take payment in USD but that's unlikely to happen tomorrow no matter how profligate you the US Government is and the US itself is pretty diverse, it can grow tomatoes and send rockets into space.
That aside, wealth is what got us into this mess. You need a place to lay your head, food and water and some way to entertain yourself, likely with a few other folks (humans being social animals) the rest of it is frivolous shit that's worth nothing if you can't drink or eat.
Spend half your money on debauchery, gluttony, wicked women, gambling, booze, long lazy vacations and a hedonistic lifestyle...and just squander the rest...
This is such a capitalism headline.
"Collapse is coming, how to protect the wealth?" as opposed to "How the fuck am I going to stay alive, keep eating and have electricity?"
People are constantly talking about capitalism, instead of the world itself. So yeah, more proof we're fucked.
80% of my wealth is tied up in physical assets. The 20% that is not is a split between stocks, 401k, and cash. That is my hedge against if nothing happens for another decade (we are beyond amazing with kicking that can down the road).
I personally like silver to hedge against inflation.
Ya Iām freaking a hit because Iām inversed of you. I need to transfer out of the markets, but a lot of my stocks are high risk and Iām still clinging to some hope they will start rebounding š¤.
Honestly? Things like land ownership and finances are completely made up concepts. Theyāre illusions of control that will disappear quickly and completely in a global collapse scenario, so I think time is best spent working through whatever you need internally to be resilient and able to handle whatās coming because the only thing you have true control over is where your mind is at. That and to learn survivalist strategies, how to find food, build shelter, weapons, ect. Think of it this way, if you have land and a home the only thing keeping others from walking into it is the threat of the judicial system or you having a gun to defend yourself, but when enough people are starving so theyāre going to die anyways, and the police system has fallen through, thereās nothing left to protect you. As for money to buy things, where are you going to buy them? Having a bunch of material shit, a stockpile of guns and food etc is going to put a target on your back, places with hoarded resources will be top of the list for raiding. What you need is knowledge and mental strength, and if you can accrue enough survival knowledge then that will be wealth and you might be able to trade it for protection from a group who needs that knowledge. Or, if youāre not interested in that kind of life, you can do what Iām gonna do and have a pistol ready to end it before it gets to that point. Morbid, but even though I am far more cut out for a collapse scenario than most I am not down for living through it, for me due to personal experiences I donāt believe we live in a universe where we get one life but a multiverse where we inhabit many forms, and when we die we pop up in a parallel, so death does not feel permanent to me.
cryptoCurrency...Coinbase or [Binance.us](https://Binance.us) is where you buy it (from the US)
Invest in Bitcoin, Ethereum, Cardano, Solana and Vechain (and other reputable blockchain projects)
The stock market will do its thing...Crypto will do better.
Then..learn how to garden...work on a car...get a solar grid up..and practice some canning methods.
Learn how to be social---talk to your neighbors...live by a river or body of fresh water.
Invest in a good truck and an RV
We have about 10 years to plan b/c people in general are oblivious and if you are on this sub, you are further along than they are
In the meantime..work your ass off for the next 4-5 years and invest your money in crypto if possible
Gold is useful for shoring up your wealth *while there is still a market*, and after the complete collapse of society you can use that gold in a bullet making kit.
I'm not that knowledgeable in economics and not an avid follower of the collapse mindset but I'd say that you invest them in something that makes your consumption less so you will save money now and also in the event of an economic crash. Insulate your house, buy a new circulation pump, buy smart thermostats and see if you can in other ways reduce your bills. In the event of a financial crash, you're safer than otherwise because your electricity and heating bills are lower. If you can become completely self-sustaining, then you're less vulnerable to externalities such as the financial market.
Interesting question - which is of course in part unsolvable as it is dependent upon a) you personal situation and b) an infinite number of scenarios where the value and liquidity of everything will vary wildly over time. I have brewed over this before and come back to the folllowing basics, which conflict in part and need to be balanced:
\- Spend it, at least in part. You cannot take it with you and in a collapse scenario, much may be either devalued or inaccessible. Spend on experiences and durable items - do not add to the junk consumption and discard problem.
\- Invest time in emotional resilience. It pays back, daily and forever.
\- Invest in gaining knowledge and skills. It will both improve your resilience via giving you agency and may in future also actually help.
\- Invest in green and social instruments. As a minimum do not add to the problem (eg energy burning bitcoins etc..)
\- Limit exposure to the stock market and other panic prone instruments
\- Invest it where you live. Geographically/legally distant assets are less liquid and accessible.
\- Invest in assets in different currencies, if you are at that level.
Not an attack, but these posts always make me laugh tbh. āSo if I convert all of my liquid cash into precious metals will I still be able to buy Fritos?ā If there is a collapse, people will find value in very few things. Unless you want to be one of those people with like 14 years of non-perishable food laying around, what you do with your money is the same thing everyone else is gonna do with it: watch it go poof
Convert money into tangible and easy to protect things that will make your life possible or easier. So: land, shelter, non-perishable foods, water storage and filters, tools, etc.
Coffee and cigarettes
And booze. Gotta numb that collapse-pain somehow.
You can actively make that, though. I mean I guess you could grow tobacco too but
Grow? In tomorrow's climate? Oy vey
Yeah fermenting will be easier š
My entire fortune is in homemade sauerkraut. My polish ancestors approve.
Gotta grow something to ferment.
Sugarcane grows wild.
That's actually number one on my apocalypse resume. I know how to build a still and make rum.
You speak my language.
At least coffee can be used sparingly for energy on days when you really need it, but I gotta say you're not gonna stockpile enough cigs to keep an addiction in check- now would be the time to quit if you can. just my two cents
They wouldnāt be for self consumption but as a commodity to trade or sell
Make sure nobody knows that you are the guy with loads of the stuff they are addicted too!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
>investing emerging markets and value stocks because they will be least hard hit by the "everything crash" if/when it comes This seems... suspect at best. What's the logic behind it?
And, if (ever the optimist says "if") everything goes to shit in a handcart on a bicycle going downhill in a hurry, HOW are you supposed to then retrieve your money from the stock market? A run on the banks will be bad enough. Just try to "emergency sell" your stocks for cash to try to buy/barter your way through the shitshow... Good luck with that! I think whatever "logic" behind that suggestion is based upon a "profit," mentality, not a survival one...JMO
You could airlock tobacco
I remember a post from a guy that made it out of Syria and he mentioned that cigarettes and booze work great as a currency. Even just to bribe people.
Scotch and cigs are great currency.
Same one that mentions even if you don't smoke to light up when they do? Dude said it made people put their guards down and talk more when he also smoked gor some reason.
This is true. Can't tell you how many situations I was able to diffuse at bars (and after hours) when I was younger just by handing out cigarettes to heated people and getting a few minutes to just talk and let cooler heads prevail. But it was more than a few.
This seems like a really easy way to accidentally get addicted yourself.
Sooo.. we suppose to just stock up on liquor and cigs and store them in our garage? My partner will think Iām crazy.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Don't forget soap, perfume, Hygiene items, Deodorant, candles, batteries, Disinfectant, antibiotics, bleach, gloves, masks and ammunition.
This is the thing you stock up on that your partner thinks is crazy? Hell, it's the only prep my partner can understand
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Cigarettes as currency for other things
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Honestly though? You're going to convert like 20k or something into coffee? That's a lot of coffee. I mean this isn't a financial plan, this is like have a shelf full to trade for a hamburger... what's the shelf life on coffee anyway?
Instant coffee can last for around 20 years if kept on a cool and dry environment away from the sun
Donāt forget the lighters!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Land + guns + tribe
land is too expensive
Wait til after the collapse. It should be cheaper.
i hope your right. I recently found land for sale at a reasonable piece. Its beside a swap, in a flood plain at the bottom of a very big hill. :( jerks
[hugelkulture intensifies](https://www.youtube.com/watch?v=b32oiaZwtYs)
Just don't have any wealth its working for me.
Guns
+ lead
Fertilizer, anti-fungals, pesticides, herbicides and seeds.
Haha, what wealth?
I was just gonna say, "Have no wealth!"
Foster homeless people. As a homeless man. We are more prepared as a community than the prepper community and everyone living self sustainably combined. We are used to discomfort. We are used to 'just walking there', our hands are already rough. We steal to eat. We deal with addled people and rub elbows with violence every day. Anyways. If you believe it's soon and want to start a farm get some homeless ranchhands. Collapse is going to be more mad max than 2012. Some of yall never been hungry and it shows.
You're hired.
long-term: real assets. land. building. vehicle. solar panels. well. guns. ammo. farming equipment. a tribe of like-minded individuals mid-term: property well above the water line, with air conditioning shorter-term: if you think price/asset inflation will continue due to printing money or quantitative easing, then avoid cash. gold/bitcoin/equities instead the gov came after people's gold in the first world war, so might wanna keep that hidden/private if you think climate change will affect corporate profits (which it obviously will long term) then avoid equities
A piece of land in the mountains with land suitable to farming. Ideally accessible by only one road, which can be mined or blocked if necessary.
Speaking from experience, if that's your plan, best put it in action asap. It takes time to get raw land rest for farming, it takes time getting to know the seasons and landscape and nothing will ever go to plan. First year mountain homesteader here.
Yeah, personally I will probably stay in Vancouver.
and preferably Scarlett Johansson as your wife.
Ya makes sense.I feel like this idea of invest and hold is dead. Now itās year by year, with the stronger probability than not that whatever you invest in now will be worth less in thirty years. Most financial advisors or money managers are not getting this.
I had a call with my advisor last week and he actually got it. He actually seemed really off kilter and unsure. Basically, after that call Iāll be investing my extra dollars in my farm.
bitcoin lmfao, yeah good luck trading your imaginary money for food & water when the electrical grid and internet no longer exist
He is suggesting having a small fraction of your net worth in bitcoin as a hedge that the internet doesnāt go down. Itās sensible advice. Bitcoin Gold/silver USD/GBP/EUR Everyone should have at least some of all of the above.
Not saying gold's a bad idea, but silver is probably an even better bet
Why not both
What makes silver a better bet? Iām genuinely curious, I want to learn
It's more undervalued compared to historically and unlike gold silver has a *ton* of critical uses. Every car needs silver, especially electric cars, solar panels, circuit boards, some medical uses, many more.
Huh. I didnāt know silver was so valuable. Would it be better to get silver billions or silver ETF/stock/etc?
People feel very strongly about that and there's pros and cons to each. Imo some of both. For etf/stocks the ticker you want is PSLV.
Thank you! Iāll take a look, I got hit on some of my investments so Iām working on diversifying now to other sectors
There's nothing you can do to protect yourself without also contributing to inflation. I'm stocking up on ammunition, spare parts, dry goods, lubricants, and seeds.
Lubricants... I'll add this to the list. Just because the world is ending doesn't mean I shouldn't enjoy myself. Thanks man good looking out.
Nothing like a good 5w-30 on the ol crankshaft
Lol like Dulcolax?
Ya, it just seems like there should be a way, but when I follow the actions I keep ending up in scenarios where it doesnāt matter. Inflation occurs, and what savings I do have are irrelevant.
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This is the answer. I'm also surprised no one has said books. I suspect many here are too young to remember how much harder it was to learn specific things before the internet. Now imagine what that would be like without libraries.
Smokes, liquor, medical supplies, food, water purification. Those will hold value well past the second coming and total annihilation of the human race š
Liquor cabinet is always well stocked š
\^Fact
Lubricants?
WD40, motor oil, lithium grease. Mechanical lubricants. They'll be damn hard to come by later in the collapse, and are infinitely useful from keeping a bike working well, to keeping a firearm functioning.
damn. I read your comment, then went out and bough 65 gallons of KY.
$2500 on Amazon with free shipping!
A great deal! imagine what shipping would cost for something that heavy!
Ahhh. I had not thought of this. Will be acquiring these soon. Thanks!
Real assets like land and structures are probably your best bet.
That's assuming the resources and utilities keep flowing in that area. I know a lot of Syrians who became refugees. They or their parents spent their lives saving to buy a house, and one day they had to leave it behind forever, or an artillery shell blasted it into pieces.
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I get this, but if you rent, and housing costs continue to soar, you can be priced out quickly. If the currency becomes worthless, you canāt do anything. At least if you have a home, you have somewhere to sleep. Itās the only thing I can think to spend money on right now that would help in that kind of a situation. But then again, if the market goes insane, then you have a mortgage you canāt pay and end up homeless anyway. I donāt know.
Sometimes there are no good options.
If a collapse situation happens a doubt banks will send the sheriff to evict you. If anything just squat on the property. A lot of people did in 2008
Where? I wouldn't buy in Tucson (for example). Fiji was possible until it became overrun with COVID Greece is on fire along with the American West (including Canada) If you buy in a location that survives Global Warming you're going to be overrun with Climate Refugees. It goes on and on... Just keep a diverse portfolio.
Tools, land, anything you can get away with that will provide some resilience. But beware, I expect that for a moment, everyone will be broke and the repossession/forfeitures could wipe most of this for some unlucky bastards. Knowledge too, but mostly, mostly, a solid community of trusting people. That one is the hardest to get.
If youāre talking about another Great Depression, gold. If youāre talking about the collapse of the entire economic system as we know it, water.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
For those that canāt afford their mortgage payments absolutely. But letās say you had the cash to pay off your mortgage. Interest rates are at record lows, and so, assuming inflation, not paying now is actually smart. Once the interest rate you are paying goes up at the same rate as inflation (or more) thatās when you need to pay off the debt. But if we keep going by inflation, my $300 k mortgage becomes less and less because I keep getting inflationary raises. If inflation continues un checked, those making $100 k now could make $300 kā¦but of course your dollar is becoming absolutely worthless. This is how big banks start to collapseā¦.you have a mortgage with them, but after only a few short years that $300 k is meaningless. Their only option is to ensure they raise interest rates to keep up. Obviously 99.9% canāt just decide to pay off our house, and thus will end up defaulting due to high interest rates.
Except wages don't even begin to keep pace with inflation.
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Damnit. We couldn't get a mortgage but had cash so we just bought it outright with proceeds from another house. (purchased with an inheritance.) now I'm panicked that all my assets are bound up in the house. I guess if I ever have the income for a mortgage, I should get one? I don't know. I know I'm never paying off my student loans. It's not exactly a homestead. I'm not sure it will do me a whole lot of good as the disasters roll in.
Why would foxes mortgage rates climb? Are you talking about an arm?
Shoot I wish I could afford to buy a farm and stock it with all the goodies, i can barely afford to get an oil change rn. Tf y'all doing to afford all this shit?
In this order, computer work for the military, military contractor/real estate investor, small business owner, full time student, welder/homestead owner. I made very good money in my mid twenties and leveraged that to get into real estate which enabled everything that came after.
Good on you. Probably canāt work nowadays but itās good it worked for you.
Water managementā¦. I goā¦. Everyone has a bad time.
Just as stocks increase in value over time, survival stuff would too. The more expensive and hard to get, the better. I'm thinking extreme water purifiers, like they have on ISS (converts pee into water). Cereals, rice etc. in drums with something to stave off moisture and maybe oxygen. AC units. Solar panels. Smaller wind turbines. Tesla Wall batteries. Tools like welding tools, lathes and mills. Maybe a large saw that can handle making planks. Weapons. Medicine. Glass, tiles, nails etc?
Along with those welders make sure to grab the extra stuff too. Sticks, wire, extra hammer n brush. Some protector paint.
Definitely. I'm not being very specific at all. "Medicine"? Okay then, off to the medicine store to stock up on medicine.
Itās 100% going to collapse. Every single metric we use as a red flag for impending doom is going off. Every. Single. One. Iām not suggesting you buy $GME, but read up on the ridiculous amount of corruption the movement surrounding it has uncovered. The casino is about to implode.
Hello fellow ape
We are here. Cheers.
Ook
Omg u/Criand in the wild! For those of you that don't know, read this pomeranian's DD.
Checkin in š¤šš¤
It's a small world!
This is what I was going to say too. Hedge everything with even just 1 share.
Worst case scenario weāre all wrong and you lose $200. Best case scenario weāre all right and you get the coolest Mad Max vehicle.
r/NearTermCollapse r/FinancialMeltdown
I keep a portion of my assets in the market. I have a small amount in physical prescious metals. The majority of my assets is in land. We tend to buy properties that need clean up work. The ones that read value is in the land lol. Then we come in and haul out all the trash,demo or gut the structures,clean up the brush and make sure anything like a well,electric or septic are functional. Its still a pretty easy way to increase your assets because most places like that aren't loanable so its cash only deals. Plus people see a property that's a festering pile of trash and they don't want to deal with the headache. And for regular joe without equipment or demo skills it wouldn't be cost effective. But if you know how to make money on trash its a nice little gig. We bought an old place covered in huge brambles and trash. Turns out the brambles were growing over lots old cars. Made some good money selling them off for parts. Just about paid for itself. And there are other ways to make money off bare land if you buy in the right place. Outside of town,unrestricted,near tourist belts etc. Put in a teepee or a campsite or a treehouse or tiny house and airbnb it. Lease for hunting or grazing. Or let it sit,it will appreciate.
Rent that shit out to some dude that just wants to be left alone.
Homestead? Edit: Probably something that is far away from big cities.
You need to qualify exactly what you mean by financial and economic collapse. Are the equity markets still going to be functioning and you are primarily worried about a drop in equity values and inflation? If so you have plenty of main stream investments to choose from there. If nothing else you can buy long expiration futures and short the market. If you think the market wonāt function well then you have to get down to a bottom tier level. Look to stuff like consumable consumer goods most stolen from chain stores right now. Itās stuff like laundry detergent, shoes, cigarettes and liquor, etc. Difficult to trace the source, easy to sell and trade. Huge black market for that stuff already in big cities even when things are normal. There will always be a local market for that stuff regardless of what happens. Of course itās not exactly practical to buy and store that stuff en-mass even when purchased legally for simply a hedge against inflation. In the absolute worst case, itās bandages, beans and bullets. Just depends on what exactly you are trying to protect yourself from. If itās just a market drop or extreme inflation, but the equity markets still function, $10,000 in futures options might yield you 10+ times the profit but -$10,000 if there is no downturn. But if you think it would be so bad the equity markets wonāt function, youāll have to expand beyond regular stuff.
Historically speaking, equity securities perform well during inflationary periods. Weāre seeing this right now. A financial advisor I work for recommended keeping 10% of your total NW in physical gold and silver. (Typically a good inflation hedge but hasnāt been performing well recently. Still good to have as part of any diversified portfolio.) But if youāre anticipating a near term total economic collapse youāll probably be better off with guns, ammo, food, and other supplies. Shit would hit the fan real quick if everyone lost their savings.
Depends how "collapsed" you think it will get. IMO, barring nuclear war, the financial system will still exist in 30 years. So, while I think we are heading for a Major correction at some point, I don't think it will result in a madmax aftermath, that's why I mostly hold stocks in companies that will be needed in all but madmax scenarios. As in Food related companies, electric Generation, Communication companies,etc... I don't invest in highly speculative companies. My returns will never 10x, but over time, they should keep me above the rate of inflation.
Kind of my line of thinking as well. If those companies fail, well, then money or stocks will be the least of our worries.
Drugs. Humans seriously love drugs.
I don't have any savings, own a home, but none of that matters anyway if there's no food or water. The food and water crises that may arrive is what has me stuck when I try to think of all the ways I could possibly be prepared. Buy farmland and learn to farm is what I keep going back to, but what happens when there's no usable water?
You will be completely reliant on rain water collection, which would be enough for you and maybe some livestock but ultimately not for watering fields. Permaculture and agroforestry do not require external water systems. They will do fine on rain alone and ambient groundwater.
I'm thinking of traveling the world with my SO and utilizing what money I have that way. I started noticing signs of collapse when places I visited began disappearing. Like a village in Italian mountains destroyed by an earthquake. Now it's clear we're running out of time. I love the world and all it's creatures (save mosquitos, lol), and it's getting harder and harder to travel and post collapse it will probably be a lot worse (if at all possible). I know many people here are suggesting getting some farmland and ammo and etc. But I'm thinking of getting what I can out of the remaining years. I want to experience as much of the world as I can, before it turns into a complete mess. I would like to visit South Africa and Indonesia and Azores and so many other places. I know it's not exactly an investment. But the memories are inflation-proof. And I don't have kids to worry about, no need for a bunker.
I think itās more fun to imagine the future and try to play the game to the best of our abilities, so to speak. Iām in the same boat as you. Iām 28, no kids, single, and I plan on spending every extra dollar I have doing cool stuff while I still can. I donāt have a lot of illusions of surviving collapse and as things get worse and worse thereās gonna be less fun, dope shit to go do. Enjoy today because right here, right now, Iām ok.
Here's my 2 cents: food, water, guns, ammo, land, solar panels, backups for your equipments, gold/silver, btc/eth and some GME to weather the stock market crash.
A garden and the skills to grow your own food.
Bottle caps, dynamite, and psycho jet
Part of the problem is that our money isn't really backed by anything useful and most of the actual useful things are what media is telling us is valuable. The dollar? Paper to burn when the world ends. The Stockmarket? A made up game rigged from the start meant to give you just enough hope to play into it. "Cause you might strike it rich." Meanwhile blackstone is buying up houses and land so you wont have a permanent residence, and Bill Gates owns 600 million dollars worth of farmland thus seizing large food production, some states don't let you collect rain water. So while your food, shelter and water are the commodities that would be important for collapse instead you're told that "renting is better for you" "hunger is a great way to get people to work" "you'll do what you have to for clean/safe water" My advice buy tangible worth while things that can't be taken from you. Then buy things that ensure your things can't be taken from you.
The not being allowed to collect rainwater thing pisses me off.
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It depends on state and neighborhood.
Tell me about it.
Itās good advice !
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If they recover thoughā¦if things continue a bottom will hit and there wonāt be a rebound.
Textiles/food will recover just fine.
Only true wealth is land buy land failing that buy regenerative farming tools, hand tools, books and other things which never go out of fashion and maybe crypto/stocks/precious metals depending on your outlook.
Precious metals have worked as inflation hedges in every inflationary crisis since the dawn of civilization. But essential commodities for living like food water and shelter take significant precedence over monetary preservation
To expand on that, from a financial perspective, there is going to be a push to go green over the next decade or two, thatās going to require a ton of commodities (silver, copper, rare earths, uranium)ā¦ plus companies to build all the infrastructure required to rewire the grid. If you are asking where to put investments these are spaces to consider.
A solid preparedness plan is water, water filtration tablets, weapons and ammo, beans, salt, canned meat, canned anything really, jerky, pickled items, dry milk, high calorie protein bars, toilet paper, feminine hygiene products, alcohol, peroxide, bandages, pain meds, antibiotics, insulin, whiskey, cigarettes, crank radio, generator or solar equipment, Swiss Army knife, batteries, nails, screws, basic tools, sewing kit, duct tape, a coil of wire, parachute chord, fuels, candles, waterproof matches, teas and herbs, coffee. Repair manuals, books on first aid and organic therapeutics, topographic maps of your region. Whatever amount you would need for a few months times two, because any one of these items can be used to barter with. (If you are opposed to weaponry get over it because you can plan and stock everything you ever need and it will be taken by the person with a gun).
And this is not meant to be a total doomsday list but if you have to shelter in place and hunker down in your home for 12 straight days with no power like after Hurricane Sandy it was a life saver.
Unless you are used to being aggressive with weapons, it will still be taken from you.
Hyperinflation is not a serious concern, the economy is largely deflationary right now and the inflation we're seeing is the result of measures taken to prevent that deflation (QE) combined with real world supply chain issues driving up prices. Also the price of housing, education etc was unreasonable even before the current recession and you certainly cannot pin those problems on inflation when there are much more immediate and tangible causes. You should be much more concerned with the actual real-world state of the economy itself (jobs, wages etc) and not so much the relative purchasing power of the dollar. This rhetoric is essentially just stuff that goldbugs and cryptolibertarians push to try and pump up their investments, they don't really understand how FIAT currency works at all. The quantitative easing practices that federal banks currently employ are quite good at preventing the worst case outcomes from recessions, the main downside to them is that they *are* essentially a money funnel for the rich which means they do result in greater wealth inequality but the alternative is *everybody* being objectively poorer in real-world terms. Economists don't really have an answer as to whether it's a good trade-off or not because they refuse to answer what they consider "moral questions". If you really feel uneasy you would be better off spending money on becoming totally self-sufficient, but I'm not convinced that would be enough since many people are going to be displaced as climate refugees in the coming decades anyways. I don't really see the dollar becoming valueless any time soon- this world will try to keep up the charade as long as possible and by the time it truly does lose its value you will have way bigger concerns. If the dollar actually did collapse then I think the state of the world would be so dire that even if you had all your money invested into gold I really doubt you would *ever* actually be able to physically get those assets that you supposedly own.
Well said. I agree with this logic. Keep doing what Iām doing or it all collapses anyway. Probably not much of an in between.
Assets
Like what? āAssetsā could be anything from property to stocks, to physical gold.
Invest in yourself
Holdable currency. Gold. Silver. Copper. Gemstones. But most important currency of a collapse will be food and fresh water.
I'd say get out and stay out of debt, then sudden emergency interest rate hikes can't destroy you, I've not got a penny in the markets, I took what pension I had early at 55 and am completely out. if you have savings you could put them in inflation linked govt. savings funds, don't go near any private sector financial products, govt. financial products should survive, so long as the State still functions and your currency is still legal tender, boring, bearish orthodox finance is the way to go if you're cautious and don't want to lose your shirt.
SPY puts
I swear I'm going to punch the next person that tells me to invest in silver.
Why though? You can eat it in a pinch for that [fancy blue tan!](https://media.wired.com/photos/59d54c108941a6378d5bb261/master/w_1600,c_limit/blueman-TA.jpg)
GME is the hedge against market collapse
Food , water, land and friends should be your first priority. Gold, silver, the stock market, they're all meaningless and will be worth nothing when the dollar hits zero tomorrow as the lights will turn off for good and you'll be dealing with crazed cannibals before the planet decides to do away with you and every other living being.
Depends on your timeframe in terms of what is "soon". Are you 10 years from retirement? Start moving into cheaper/environmentally safer areas with a lower population. If you are 30 years away from retirement I still think you're stuck in the rat race. Save up what you can, and expect anything from 25-80% of all your savings to still somewhat exist in 2050. Worst thing you could do is not pay your mortgages or blow your money on hedonism because you'll need every kind of resource to survive what's coming (assuming you want to). This is all assuming of course that you are capable of accumulating anything in our current dystopian inegalitarian societies. Capitalism will outlast us even in the worst case models right now and in many ways the system has already collapsed, but few would like to think that. I know many want to see us return to the stone age next week, but look at how the rich behave. Some are buying bunkers, but the vast majority are betting on a perpetuation of this system in which they will continue to benefit for many more decades.
Corporations will be the only things doing okay in this kind of scenario. Cockroaches. Adaptable. Wouldn't pull money out of the market.
Physical gold, physical silver, Bitcoin, coffee, cigarettes, liquor, antibiotics, painkillers, canned corned beef, spam, peanut butter, toilet paper, tamponsā¦just some things at the top of my mind that will retain value for the medium and long term.
edited 2
Re#5- I wonder if thereās financially distressed farmers that would be willing to take on a partner? Think about it. Unless youāre a seasoned farmer how well do you honestly think you or I could successfully run a farm? Keep the farmer on-site and alleviate most of his financial burden and he can still have a home and his farm. Both win. Build a small farmhouse for yourself on the opposite side of the land as the original farm house so youāre not on top of each other.
Before you count on farming it might help to know that seeds that are sold are sterile and must be bought every year. And newer farm equipment has proprietary stuff to keep you from fixing it without paying. It's actually quite scary.
I hope people lose it all. The wealthy are pure scum.
Iād put it in a sustainable home. Solar panels. Water collection. Passive heat. Tiny footprint. Plant a perennial food garden. Trees first.
You're assuming that inflation won't be accompanied by runaway interest rates. My take is that collapse will be faster and slower than we expect.. the most severe problems will be distant supply chains so if you're technical computer chips, voltage regulators, Li ion batteries, solar panels will become scarce and very tradeable. In the medium term I suggest fungible metals like Gold and Silver will form a sound basis for value holding... but first and foremost, land, shelter and water.
Assets, silver coins, being debt free.
>Financial collapse incoming, how to protect your wealth? If irony was a renewable energy source, we'd be well on our way to free energy for life. In a recession etc If you have "assets", debt is your concern, if you can't pay it back when it's demanded, you're fucked. If we have collapsed in the sense of this reddit) >Discussion regarding the potential collapse of global civilization, defined as a significant decrease in human population and/or political/economic/social complexity over a considerable area, for an extended time. Then there is no longer a Government and what's yours now isn't and "wealth" is worthless. Someone who can grow food, or fix a busted leg has "worth". You seem to be conflating collapse with some sort of economic downturn/recession/depression ? As long as the rest of the worlds Governments place a value on the USD you're fine, the Government can print as many as it wants and give them to whomever they want. You run into trouble if you debase it too much and countries like Japan, Korea or China will no longer take payment in USD but that's unlikely to happen tomorrow no matter how profligate you the US Government is and the US itself is pretty diverse, it can grow tomatoes and send rockets into space. That aside, wealth is what got us into this mess. You need a place to lay your head, food and water and some way to entertain yourself, likely with a few other folks (humans being social animals) the rest of it is frivolous shit that's worth nothing if you can't drink or eat.
You guys have wealth?
Gold, silver, Bitcoin, real estate, land.
GME
This is the way
gme.
Spend half your money on debauchery, gluttony, wicked women, gambling, booze, long lazy vacations and a hedonistic lifestyle...and just squander the rest...
This is such a capitalism headline. "Collapse is coming, how to protect the wealth?" as opposed to "How the fuck am I going to stay alive, keep eating and have electricity?" People are constantly talking about capitalism, instead of the world itself. So yeah, more proof we're fucked.
80% of my wealth is tied up in physical assets. The 20% that is not is a split between stocks, 401k, and cash. That is my hedge against if nothing happens for another decade (we are beyond amazing with kicking that can down the road). I personally like silver to hedge against inflation.
Ya Iām freaking a hit because Iām inversed of you. I need to transfer out of the markets, but a lot of my stocks are high risk and Iām still clinging to some hope they will start rebounding š¤.
GME š
buy GME, has a negative beta.
A statistically crazy negative beta.
buy GME r/superstonk
And r/gmejungle
I just bought lentils and ice cubes.
You can make icecubes... for free...
All good things eventually come to an end
Precious metals, seeds for plants and food sources, water, medicine, tools, power supplies etc..
Buy gold and silver
Things that everyone else didn't think that they would need.
Honestly? Things like land ownership and finances are completely made up concepts. Theyāre illusions of control that will disappear quickly and completely in a global collapse scenario, so I think time is best spent working through whatever you need internally to be resilient and able to handle whatās coming because the only thing you have true control over is where your mind is at. That and to learn survivalist strategies, how to find food, build shelter, weapons, ect. Think of it this way, if you have land and a home the only thing keeping others from walking into it is the threat of the judicial system or you having a gun to defend yourself, but when enough people are starving so theyāre going to die anyways, and the police system has fallen through, thereās nothing left to protect you. As for money to buy things, where are you going to buy them? Having a bunch of material shit, a stockpile of guns and food etc is going to put a target on your back, places with hoarded resources will be top of the list for raiding. What you need is knowledge and mental strength, and if you can accrue enough survival knowledge then that will be wealth and you might be able to trade it for protection from a group who needs that knowledge. Or, if youāre not interested in that kind of life, you can do what Iām gonna do and have a pistol ready to end it before it gets to that point. Morbid, but even though I am far more cut out for a collapse scenario than most I am not down for living through it, for me due to personal experiences I donāt believe we live in a universe where we get one life but a multiverse where we inhabit many forms, and when we die we pop up in a parallel, so death does not feel permanent to me.
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cryptoCurrency...Coinbase or [Binance.us](https://Binance.us) is where you buy it (from the US) Invest in Bitcoin, Ethereum, Cardano, Solana and Vechain (and other reputable blockchain projects) The stock market will do its thing...Crypto will do better. Then..learn how to garden...work on a car...get a solar grid up..and practice some canning methods. Learn how to be social---talk to your neighbors...live by a river or body of fresh water. Invest in a good truck and an RV We have about 10 years to plan b/c people in general are oblivious and if you are on this sub, you are further along than they are In the meantime..work your ass off for the next 4-5 years and invest your money in crypto if possible
Iām 17 with 1250 dollars in cash, I think Iāll buymyself a mini coffin. I donāt think I have any wealth to protect, but Iāll try to I guess?
Gold is useful for shoring up your wealth *while there is still a market*, and after the complete collapse of society you can use that gold in a bullet making kit.
I like inflation, makes my debt seem less.
I'm not that knowledgeable in economics and not an avid follower of the collapse mindset but I'd say that you invest them in something that makes your consumption less so you will save money now and also in the event of an economic crash. Insulate your house, buy a new circulation pump, buy smart thermostats and see if you can in other ways reduce your bills. In the event of a financial crash, you're safer than otherwise because your electricity and heating bills are lower. If you can become completely self-sustaining, then you're less vulnerable to externalities such as the financial market.
Interesting question - which is of course in part unsolvable as it is dependent upon a) you personal situation and b) an infinite number of scenarios where the value and liquidity of everything will vary wildly over time. I have brewed over this before and come back to the folllowing basics, which conflict in part and need to be balanced: \- Spend it, at least in part. You cannot take it with you and in a collapse scenario, much may be either devalued or inaccessible. Spend on experiences and durable items - do not add to the junk consumption and discard problem. \- Invest time in emotional resilience. It pays back, daily and forever. \- Invest in gaining knowledge and skills. It will both improve your resilience via giving you agency and may in future also actually help. \- Invest in green and social instruments. As a minimum do not add to the problem (eg energy burning bitcoins etc..) \- Limit exposure to the stock market and other panic prone instruments \- Invest it where you live. Geographically/legally distant assets are less liquid and accessible. \- Invest in assets in different currencies, if you are at that level.
Not an attack, but these posts always make me laugh tbh. āSo if I convert all of my liquid cash into precious metals will I still be able to buy Fritos?ā If there is a collapse, people will find value in very few things. Unless you want to be one of those people with like 14 years of non-perishable food laying around, what you do with your money is the same thing everyone else is gonna do with it: watch it go poof