I don't understand people getting out of the stock market entirely and converting to cash. Inflation will surely eat away at your cash. As for gold and silver, it was mentioned in the article that silver was 60% off its alltime high. That doesn't seem like a great ROI though personally, I do have about 15% of my portfolio in a gold/silver IRA. I track that monthly and it's basically been flat for a long time while my stock holdings have averaged more than a 10% return over the years on an annual basis.
I still think I should keep about 60% of my portfolio in stocks (indexed to S&P 500). If all the companies in the Standard and Poor 500 went out of business, well, then we would have a lot more to worry about.
The stock market has been a great investment for decades.
Some see that as a reason to stay in.
I see it as a reason to sell now and take the profits.
Pigs get fat and hogs get slaughtered.
The only investment I have made that has paid off was education and training. I had real estate and the crash wiped it out as no one was renting and I got laid off. Then, I recovered and started a very nice manufacturing business. Government shut down the sector of the economy for the kung flu and wiped out 95% of everything I had. I despise government. Absolutely despise the clown running it. They’ve taken everything I worked for twice, but they can’t take away my education, which is valuable to a lot of customers. It is not very profitable but I am comfortable. I fear any investments I make in bonds, stocks, PMs, etc will simply be destroyed again by idiots like the child groping pervert in chief.
https://priceonomics.com/how-the-hunt-brothers-cornered-the-silver-market/
fyi hunt brothers try to corner silver market
Fact is: with what is coming, those with a lot will lose a lot, those with little will lose little.
Anything tied to a SSN will be placed under full control when sovereign digital currency becomes a reality here in the US….prepare accordingly.
I got out of equities and went to cash a year ago.
I could be wrong, but the way I see it, inflation eats away at cash only when you spend it. Right now, with the FED raising interest rates, cash is earning a lot of income right now (almost 5%). I can live with that for the short to medium term.
I will get back into equities after the market crashes, but I can live off of the interest for now.
-PJ