Financial Disaster Already Upon Us - Page 2
Register

Welcome to the Prepper Forum / Survivalist Forum.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed.

Financial Disaster Already Upon Us

This is a discussion on Financial Disaster Already Upon Us within the Economic, Precious Metals, Investing, Finance forums, part of the General Discussion category; What do you have that uses batteries? Out side of the remote controls for my TVs that aren't much of a priority and a few ...

Page 2 of 5 FirstFirst 1 2 3 4 ... LastLast
Results 11 to 20 of 41
Like Tree30Likes

Thread: Financial Disaster Already Upon Us

  1. #11
    Senior Member


    Join Date
    Aug 2015
    Posts
    296
    What do you have that uses batteries? Out side of the remote controls for my TVs that aren't much of a priority and a few flash lights... most things "of interest to the masses" are rechargeable... perhaps a few car batteries, solar panel and an inverter? You could exchange time on the inverter for goods.

    I always find trade in goods to be difficult. I've done it, but its basically a dollar equivalency exercise. That being said, I have some food stuffs and some bic lighters and other sundries that I'd barter with if I had to. I'm hopeful of the junk silver value

  2. #12
    Senior Member


    Join Date
    Nov 2014
    Location
    Houston, TX
    Posts
    9,326
    I wish I was more astute in finance. I know the basics and I am covered if the economy doesn't go to hell in a hand basket. ( 401K, savings, Cash on hand and the like. ) I have some silver and gold but not much. I have been stocking trade and barter items as well so I may get along. Getting into the stock market or buying silver and gold on my own just makes me nervous. I am always afraid I will do the wrong thing. That's why I am not a millionaire I guess. I more of a steady saver and cautious. I stay up on the markets and know whats going on but anything in depth is beyond me. Maybe because when I sit down and start to get into it in depth I am immediately bored to tears. I do know it won't continue as it has. It is a house of cards with nothing backing it up. It will eventually come crashing down. No doubt.
    A Watchman likes this.
    " All great things are simple, and many can be expressed in single words: Freedom, Justice, Honor, Duty, Mercy, Hope" .Hidden Content

  3. #13
    Senior Member


    Join Date
    Aug 2015
    Posts
    296
    Prepared One:

    To get a background on what we are talking about regarding currency watch this 5 part series: (this is #1 and then there are 4 following it). He runs goldsilver.com, but he doesn't really push buying gold or silver from him in the videos, its more about education. Mike has been around for a while.

    Now that you have the background out of the way, if you're still interested in the market but don't know where to look, I'd suggest an index fund -- one that invests in the dow jones or S&P 500. You can easily follow your earnings on any news cast: when they say the dow is up, you're up... when they say the dow is down, you're down. Couldn't be more simple. Next I'd suggest you do what's called Dollar Cost Averaging. You buy the same $$ amount every month regardless of its price... some months you get 1, others you get 1.2 others you get .8... but it works its way out in the end. That's the absolute basics.

    Next I'd recommend a book called: http://www.amazon.com/Will-Teach-You...you+to+be+rich. Ramit has an easy going style and he lays the info out in a straight forward manner.

    But before you do all of that, Save up $1000 and then pay down all your debts. If you have to touch the $1000, suspend your debt paydown until you get $1000 again and start over. This comes from Dave Ramsey.

    I'm not an expert, but I've done a lot of studying and research. From what I can see, the experts don't know that much either. Most 401(k)s are not performing as well as a simple index fund... and on top of that you have fees and early withdrawal penalties.
    A Watchman likes this.

  4. Remove Advertisements
    PrepperForums.net
    Advertisements
     

  5. #14
    Senior Member


    Join Date
    Mar 2014
    Location
    Western PA
    Posts
    6,286
    reminds me of NASCAR.. you know there is going to be a crash..the question is when and how many involved
    A Watchman and 8301 like this.
    Be a Berean

  6. #15
    Senior Member


    Join Date
    Aug 2015
    Location
    Somewhere west of nowhere
    Posts
    1,827
    You all know that a great chinaman once made a very simple statement and it's just as true today as it was almost 70 years ago. All power stems from the barrel of a gun!

    Have all the trade goods you want all the gold and silver. No way to protect it - like a government with armies - then the first bunch you decide to trade with that want your gold and to keep what they have will cap you silly azz and go on to the next rube

  7. #16
    The Good Cop


    Join Date
    Jul 2012
    Location
    S.E. Georgia / N.E. Florida
    Posts
    11,787
    Gee, I sure am glad I didn't buy into the gold hoopla a couple years ago and put all my available cash into gold at over $1600/ounce when "they" said it would be $3,000+ in a very short time.
    Not when it's down to $1200 or lower now.
    In fact, I sold my silver coins when the silver market was the highest. It was all pure profit, too. It originally cost me only face value, back in the 50's & 60's.
    A Watchman, 8301 and Kauboy like this.
    "There is nothing so exhilarating as to be shot at without result." Winston Churchill
    "Leave the artillerymen alone, they are an obstinate lot." Napoleon
    Member: VFW, American Legion, Vietnam Veterans of America, Society of the 5th Infantry Division, Sons of the American Revolution.

  8. #17
    Senior Member


    Join Date
    Dec 2012
    Location
    West WI
    Posts
    5,091
    It's simple common sense. Do you need a degree in anything to read the writing on the wall??
    A Watchman likes this.

  9. #18
    Senior Member


    Join Date
    Jan 2013
    Location
    Ionia County
    Posts
    2,608
    Quote Originally Posted by rice paddy daddy View Post
    Gee, I sure am glad I didn't buy into the gold hoopla a couple years ago and put all my available cash into gold at over $1600/ounce when "they" said it would be $3,000+ in a very short time.
    Not when it's down to $1200 or lower now.
    In fact, I sold my silver coins when the silver market was the highest. It was all pure profit, too. It originally cost me only face value, back in the 50's & 60's.
    I am buying back in. I started in 2003. Sold all in 2010.
    I am buying back in slow but sure.
    A Watchman likes this.

  10. #19
    Senior Member


    Join Date
    Sep 2015
    Location
    Northeast Texas
    Posts
    11,244
    Quote Originally Posted by Real Old Man View Post
    You all know that a great chinaman once made a very simple statement and it's just as true today as it was almost 70 years ago. All power stems from the barrel of a gun!

    Have all the trade goods you want all the gold and silver. No way to protect it - like a government with armies - then the first bunch you decide to trade with that want your gold and to keep what they have will cap you silly azz and go on to the next rube


    Maybe, but you get your ass capped on a full stomach and in the comfort of your home and not on the streets. Seriously, but the same could be said for any preps you have. One should know to keep as low a profile as possible.
    Last edited by A Watchman; 10-31-2015 at 04:49 AM.
    I will choose to enjoy the journey that God has prepared for me. Hidden Content

  11. #20
    Junior Member


    Join Date
    Oct 2015
    Location
    Eastern US
    Posts
    15
    This is kind of a follow up to the original link but here is what I gathered/added from the conversation on here, let me know what you guys think

    3 Theories On How Society Might Collapse | TheSurvivalist

 

 
Page 2 of 5 FirstFirst 1 2 3 4 ... LastLast

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Donald Trump Tells Americans to Prepare for 'Financial Ruin'
    By Big Country1 in forum News & Links
    Replies: 7
    Last Post: 03-02-2015, 07:48 PM
  2. Canada's Financial Crisis
    By tinkerhell in forum Economic, Precious Metals, Investing, Finance
    Replies: 18
    Last Post: 01-24-2015, 05:51 PM
  3. Officials warn 500 million financial records hacked
    By Boss Dog in forum News & Links
    Replies: 2
    Last Post: 10-21-2014, 08:57 AM
  4. will they attempt to take our guns before a financial collapse?
    By PurpleBeard91 in forum General Prepper and Survival Talk
    Replies: 25
    Last Post: 04-21-2014, 10:10 PM
  5. CBO Warns of Financial Crisis
    By Denton in forum Economic, Precious Metals, Investing, Finance
    Replies: 18
    Last Post: 02-13-2014, 03:26 PM

Tags for this Thread

Back to Top