And at what price do you think people will start buying?
It seems right now there’s no place to put your money. Silver and gold tanks. Stocks tank. The dollar tanks. Guess we could buy some foriegn currency. But which one?
Someone suggested Swiss Francs to me a few days ago, and I have been looking into them since. So far, I like what I see.
You're obviously not a trader and neither am I now. I'm not offering advice, but what I've done is to diversify to some extent and not lose sleep over the coming volatility.
What you move your wealth into, depends upon the amount of wealth you have. That said, common sense of priority applies no matter how much you have.
By that I mean take care of the essentials first (food, water, shelter, clothing, protection, friendships/networking, energy, communication, transportation, tools, medical and at least some REAL money that you can easily get to). Prepare for dealing with the absolute worst case scenario (living in basements, city sewers, caves, tunnels, deserts, plains and forests - man has survived thousands of years). It costs the least and every other possible scenario can be built from that base of preparation.
After getting that out of the way and back to what to do with remaining wealth, diversify (PM (physical & certificates), property, land, means of production, some cash, high value stocks).
Best alternative currency, IMO, is the Canadian dollar (CAD). Canada is next door and close enough for some to go there and open a banking account. Keep it below 10K or suffer reporting requirements. Others currencies to look at are AUD, NZD, NOK, SGD, and CHF to name a few.
Failure to reign in the spending last week signaled to me that we're on the same path as ALL other countries in history who eventually spent their way into oblivion.
I don't like saying that. Can it be reversed? I seriously doubt it. I'm not saying we shouldn't do our best to try. Our best chance is to have a significant portion of the populace prepared and not dependent on government if a collapse occurs.