lol, depending on when you moved it to gold then your probably up a bunch now.
really, at the end of the day you jusy gotta do what you believe is the best move. that’s the only way you’ll be comfortable enough to not panic sell
personally, if i had a half a million mestegg right now and wanted to keep it safe…gold probably is one of the safer places to stash it. just make sure you have enough cash lying around to be able to pay whatever bills/debts you have during an extended economic downturn. as when that does come…gold will also plummet eventually, but it normally recovers faster because so many people/governments around the world buy so much of it.
the main thing is to not trade/move your money emotionally, dont panic sell or buy cause of a fear of missing out. these greedy assholes want you to do that, thats the whole reason they fuck with shit like this. it’s a sick game to these people.
you got to have rules, a plan for scenarios like this one (don’t have everything in US companies, for example), and most importantly have the discpline stick to them.
Yeah. Measured in USD the move was very well timed. Since moving it my goal has changed from protecting my assets to staving this system. Economic pressure seems to be the only thing this executive responds to at all. Are COMEX futures used for some kind of fractional lending scheme or similar? How can I make sure as much as possible is withheld from the system without literally buying gold and burying it in the forest?
I dont know there, US cemented itself as center of world trade/finance specifically so it could have as kuch reach as possible.
got to talk to an actual financial advisor for that kind question, a proper one who is legally obligated to work in your best interesr.
but, my first guess would be to look at what orher countries/big foreign interests are doing. ones selling off all their US bonds and whatnot, clearly trying to get out from under USA’s schizophrenic thumb. but i’m still very new to this whole thing
I just moved it to COMEX. I’m a bit intimidated to try to manage a half million USD of physical gold deliveries. What can I do?
lol, depending on when you moved it to gold then your probably up a bunch now.
really, at the end of the day you jusy gotta do what you believe is the best move. that’s the only way you’ll be comfortable enough to not panic sell
personally, if i had a half a million mestegg right now and wanted to keep it safe…gold probably is one of the safer places to stash it. just make sure you have enough cash lying around to be able to pay whatever bills/debts you have during an extended economic downturn. as when that does come…gold will also plummet eventually, but it normally recovers faster because so many people/governments around the world buy so much of it.
the main thing is to not trade/move your money emotionally, dont panic sell or buy cause of a fear of missing out. these greedy assholes want you to do that, thats the whole reason they fuck with shit like this. it’s a sick game to these people. you got to have rules, a plan for scenarios like this one (don’t have everything in US companies, for example), and most importantly have the discpline stick to them.
Yeah. Measured in USD the move was very well timed. Since moving it my goal has changed from protecting my assets to staving this system. Economic pressure seems to be the only thing this executive responds to at all. Are COMEX futures used for some kind of fractional lending scheme or similar? How can I make sure as much as possible is withheld from the system without literally buying gold and burying it in the forest?
I dont know there, US cemented itself as center of world trade/finance specifically so it could have as kuch reach as possible.
got to talk to an actual financial advisor for that kind question, a proper one who is legally obligated to work in your best interesr.
but, my first guess would be to look at what orher countries/big foreign interests are doing. ones selling off all their US bonds and whatnot, clearly trying to get out from under USA’s schizophrenic thumb. but i’m still very new to this whole thing