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RE: What hard assets would you choose to buy?

in #finance7 years ago

Gold and silver (fine investment grade) bars. I would hold it outside of a retirement fund (the government could in theory seize that account if they got into financial trouble). I would store it in a local third party private vault service if you can't have a legitimate home safe. Or if you really can't find a local facility to store your metals then look into goldmoney. Thy store it in a non-local location;however, you can spend your gold via a mastercard they give to you. And if you wish to take delivery later on they can ship the metals to you.

And have a gun and a decent amount of ammo. Hard assets don't mean anything if people can steal them from you.

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I especially agree with holding precious metals in your home, and guns/ammo.
It is easy to have a small safe for some coins/bars no matter where you live, and a pistol or two. You don't have to have massive amounts of either, but holding a percent of your wealth physically in a solid asset in your house and being able to defend your family and possessions gives one a sense of calm and control.

Food and water/filters as well, survival skills and tools are also important. You don't have to go crazy on the prepping, but it doesn't hurt to know how to keep yourself alive in case of an emergency.

I agree. However, a good safe can be price prohibitive. And depending where people live if you live in a bad area a quality safe is definitely needed. But physical metals in or close to your personal residence is a win in my book. and agreed, food and water is a must as well. You will be surprised how many people have 0 emergency rations. SMH.

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