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But you can lose everything if you ride a stock into the ground waiting for it to turn around. That's one thing about precious metals...they'll be here forever and they will never go much below what it costs to mine them because production will stop. Bitcoin can go to zero.



stocks are risky. I do mutual funds just a simple portfolio VTSAX is my favorite. Set it and forget it has done well for me. Precious metals don’t pay dividends but Gold sure has done well recently. There will always be bear markets and the average one drops 32%. It’s just a matter of how long it stays down. That’s why you have dry powder. Will This time “be different “? That’s what they said last bear market.
 
If everything goes sideways, the economy collapses, I think money/savings will be an after thought.
Watching the riots in cities last year, the LA Wi Spa protests and counter protests, then image how people will behave when the EBT cards dont work, or it costs $500 for a 2L of soda.

Thinking on it, back in MAR2020, reading reports of rich folks in NYC fleeing for their summer homes in the Hamptons, I could see them being just as desperate when their AMEX card does not work, or the lawnservice guy does not show up and the grass is 4inches high. The horror. The horror.
 
Thinking on it, back in MAR2020, reading reports of rich folks in NYC fleeing for their summer homes in the Hamptons, I could see them being just as desperate when their AMEX card does not work, or the lawnservice guy does not show up and the grass is 4inches high. The horror. The horror.
When they really panic is when the Uber Eats app times out and now they have to figure out how they are going to eat lunch without it.
 
You still haven't clarified how he is a pig, but that's par for the course with you. I guess Biden being a chomo doesn't bother you.
I’ve given dozens of reasons in past threads to a deaf audience in this forum. I have no desire to try and recruit anyone or change anyone’s opinion about him. That being said I see him for what he was and made my mind up based on facts.
 
Is is really sad how few people know how to provide the basics like safe water, food and some comfort without modern conveniences.
Very few people have ever had to worry about safe water. They turn on a tap and out comes water. Granted it may smell like chlorine and taste like crap but they're used to it. Or they pick up water at the grocery store. They've always found food on the shelf too. Most people just don't give a damn about stocking up. They will be the first ones to the FEMA camps to be abused and used as slaves.
 
Very few people have ever had to worry about safe water. They turn on a tap and out comes water. Granted it may smell like chlorine and taste like crap but they're used to it. Or they pick up water at the grocery store. They've always found food on the shelf too. Most people just don't give a damn about stocking up. They will be the first ones to the FEMA camps to be abused and used as slaves.

Totally offtrack, but still in the line of prepping...
Went to a local YMCA with my nephews and nieces on a packed hot day. BLOWN AWAY at how many kids,tweens,teens, even adults could not swim or even float for any amount if time. And I live by the Great Lakes!!! Maybe because I was in the Navy and I always loved the water, I made sure my child was a secure swimmer at an early age. Who knows when it could be needed, just like shooting accurately, identifying poisonous plants or animals, knowing CPR, and on and on and on... Just blew me away.

Erqueen75 :USA:
 
Totally offtrack, but still in the line of prepping...
Went to a local YMCA with my nephews and nieces on a packed hot day. BLOWN AWAY at how many kids,tweens,teens, even adults could not swim or even float for any amount if time. And I live by the Great Lakes!!! Maybe because I was in the Navy and I always loved the water, I made sure my child was a secure swimmer at an early age. Who knows when it could be needed, just like shooting accurately, identifying poisonous plants or animals, knowing CPR, and on and on and on... Just blew me away.

Erqueen75 :USA:
A good parent will teach their children how to swim, and how to identify dangerous plants, animals and dangerous situations.
My dad threw me off a dock when he "taught" me how to swim. It worked.
 
Is is really sad how few people know how to provide the basics like safe water, food and some comfort without modern conveniences.

In the past, I have seen some people recommend going to the main power box and flipping the master switch and going without electricity for the weekend.
Then see how they would/could cope.
 
Totally offtrack, but still in the line of prepping...
Went to a local YMCA with my nephews and nieces on a packed hot day. BLOWN AWAY at how many kids,tweens,teens, even adults could not swim or even float for any amount if time. And I live by the Great Lakes!!! Maybe because I was in the Navy and I always loved the water, I made sure my child was a secure swimmer at an early age. Who knows when it could be needed, just like shooting accurately, identifying poisonous plants or animals, knowing CPR, and on and on and on... Just blew me away.

Erqueen75 :USA:

In boot camp we had a pair of brothers from Jamaica.
They did not know how to swim.
 
In boot camp we had a pair of brothers from Jamaica.
They did not know how to swim.
We had MANY people who had to go to remedial swim lessons to pass the 50 yard swim and I think 2 minute Floating exercise. IN NAVY RECRUIT TRAINING, WHERE AFTER BASIC THERE'S A SLIGHT CHANCE YOU MIGHT GO OUT TO A BOAT, IN THE OCEAN...
 
I mentioned Castro because it was his communist/socialist policies that hurt the cuban people. Just like Venezuela. Just like so many countries that practice socialism and then communism.
We may spend alot on our military, but our current govt is printing money backed on nothing to support social programs and citizen freebies, and they have no business doing that. We are heading towards an economic collapse because of this.
View attachment 13035
 
In the past, I have seen some people recommend going to the main power box and flipping the master switch and going without electricity for the weekend.
Then see how they would/could cope.
I always thought that was pretty pointless as you can do the exercise in your head. People should try going for 2 days without food if they can. That would be a test worthy of a prepper.
 

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