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    question about investing

    So its obvious the economy is imploding. What are you guys doing with your money?

    I'm guessing the dollar will be significantly worth less in the coming months.

    I can see the logic in land, crypto and metals but curious what you guys think.

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    Metals are already skyrocketing going to be interesting to see what the future holds
    Get your facts first, then you can distort them as you please.


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    I have some crypto and metals ETFs so it's just a matter of moving money in and out of those alternate investments
    Show me

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    Small crypto savings Im investing in regularly

    My family has told me for years to just grab basic silver and gold and I think I am going to actually start putting a little cash aside each month for it at this point

    Ive also collected things for years as an investment as dumb as this may sound to many. Rare comics, baseball, football, basketball cards, collectibles...things of that nature that will hold value or be worth alot more over time.

    I actually have some old school Michael Jordans' that are worth quite a bit as is.

    I will hand them down to my kids eventually. No plans to sell unless something insanely urgent happens.

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    Guns,ammo,silver,vehicles,gun parts, car parts is what has kept my nestegg going for almost 10yrs now. I've literally lived off my $20k all this time by just flipping stuff, keeping things I feel are worth value in the future, and making sure I have my bills paid with my profit..
    Crypto is the next thing for me to start playing with more tho and hopefully real estate soon.

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    Ganja...money literally grows on trees 😁
    “It is easier to build strong children than to repair broken men.”
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    Quote Originally Posted by weazel View Post
    Guns,ammo,silver,vehicles,gun parts, car parts is what has kept my nestegg going for almost 10yrs now. I've literally lived off my $20k all this time by just flipping stuff, keeping things I feel are worth value in the future, and making sure I have my bills paid with my profit..
    Crypto is the next thing for me to start playing with more tho and hopefully real estate soon.
    Crazy to still see reloading supplies are out of stock. Buying primers or powder is tough right now.

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    Quote Originally Posted by heavyiron View Post
    Crazy to still see reloading supplies are out of stock. Buying primers or powder is tough right now.
    I'm getting everything together to start reloading. Powder is is not too hard to find but the primers are hard to get at a fair price. Some severe price gouging going on.

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    Quote Originally Posted by heavyiron View Post
    So its obvious the economy is imploding. What are you guys doing with your money?

    I'm guessing the dollar will be significantly worth less in the coming months.

    I can see the logic in land, crypto and metals but curious what you guys think.
    Ag land
    Single family homes

    Several cryptos (started buying crypto just for fun but it turned into a serious investment)

    I did not choose the physical precious metals out of convenience although I wished I had instead of the ETF route I did choose

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    I’m almost certain crypto will collapse at some point so if you got big bank I’d try to cash out and buy platinum, titanium, gold, silver and iron.

    And if you can hit the shales for gas and strike oil …. It’s gonna get mad max before we die.
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    Buy and hold multi family in emerging markets. Just landed 30 units in South Dakota.

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    The level of Government intervention is making it harder to read the signals.

    But in short. I’m not changing anything.

    The system is too big and effective to”implode”. It may falter at times, but everyone involved wants it (the broader market) to succeed and so eventually it will. Patience through the troughs is the real money maker though.

  14. #14
    Gym Derelict


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    Quote Originally Posted by heavyiron View Post
    So its obvious the economy is imploding. What are you guys doing with your money?

    I'm guessing the dollar will be significantly worth less in the coming months.

    I can see the logic in land, crypto and metals but curious what you guys think.
    Look at the earnings reports for this last quarter. Publicly traded stocks are at record highs because of record profits.

    Oil is going to go higher for sure but how high is the question. As far as all commodites each has a different story so I would not lump them all together. For example lumber commodity went up six times it's value because of covid shutdown only to find out everyone went to Home Depot to do thier home improvements and bought out what inventory there was.

    Oil is being effected by politics. As to gold it is a bet against inflation.

    Copper is a industrial commodity for a booming economy.

    Etc. Etc. Etc.

    I believe in crypto, just not this crypto. It's speculation, not a currency. Maybe someday, just not today.

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    Quote Originally Posted by Oldman85 View Post
    The level of Government intervention is making it harder to read the signals.

    But in short. I’m not changing anything.

    The system is too big and effective to”implode”. It may falter at times, but everyone involved wants it (the broader market) to succeed and so eventually it will. Patience through the troughs is the real money maker though.
    Agreed!

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