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Discussion in 'The Okie Corral' started by RMTactical, Nov 7, 2012.
than it is now, what would you do to prepare yourself and your family?
Living off grid is step one. Check
Building the local community and relationships within is step two. Check
Purchasing silver as a method to maintain buying power is step three. Check but buying more.
Own firearms and maintain proficiency with said firearms is step four. Check
Getting out of debt.
I've been doing more and more flipping.
Living life on a cash basis.
Let me ask this. Are you buying silver to actually make money or are you actually thinking when and if the entire nation crashes you can use this as a barter item? I deal in pm's myself and i like to hear others stories of why they are in the market.
living within your means (and thats hard when you are a gun enthusiast, LOL), paying off debt, no car payments, saving cash....working....
hell what else can we do????????????????????????
A lot of people are saying, "Paying off debts," but if massive inflation is coming, shouldn't we live on debt and save in hard assets?
If I pay off my debt, I have more cash to work with.
The silver I buy is my hedge against the fiat currency failing. Many say it can't happen... but it has happened before many times in history. Most recently in Argentina. And as with those previous fiat currency failures, people said it couldn't happen... but it did. And the people that had PM's were the ones that had buying power.
It wasn't that long ago the British Stirling was the global currency... where is it now? Sure the UK is still around, but they went through a period where their fiat currency failed. Let's go back to the Wiemar Republic, the Deutsch Mark ballooned to failure due to inflation... we are seeing the same things happening here now.
With all the QE BS from DC and the over borrowing, and spending more than we are cutting it's a matter of time before the deck of cards called the US dollar comes crashing down.
I am basically doing what my great grandfather did just before the great depression and dust bowl. I am doing what I can to ensure my family remains fiscally solvent enough to ride the pain out. I have no illusion of making money in the PM market, that's not my goal.
I've been buying older gold and silver jewlry and hording.
Before the election moved $750k in 401k to cash.... Knew if oblowme won the market would tank today....
Rid myself of debt. Cash is king. Shed $Euros$. Purchase Chinese $RMBs$.
Uh why? If it's an economic collapse why aren't you borrowing as much as you can?
Afraid they are gonna collect?
No offense intended and I have a great credit rating because I pay my bills but if your going to spend money and you are really worried about a collapse spend someone elses and keep your own.
Beat me to it.
I'm marrying rich.
We aren't in a economic collapse right now, are we? The key word is right now.
I'll be debt free soon, no more money going toward payments.
And yes, I pay my bills, just like you.
If you are really concerned about collapse you wouldn't be paying off bills. Afraid your credit rating will drop?
Lets be honest.
Does she have a sister?
Dude, I want to be debt free. I'm almost there. It's that simple. ¿Comprende?