Stacktastic

Yep wait for the collapse & buy 4-12% solid dividend stocks at record low prices

That explains why properties were so cheap. I now see how my ex neighbour bought his house for 15k, but probably paid 100k. Maybe more. Oh hopefully in 10 years if this is the case I will be in a cash position to snap up a deal or two. I have my genius mortgage guru to help if not. Even a 50k (todays price) beach house at 20-50% of current rate would be a great long term investment. I really want a good plot of land that can be developed for housing, but can be a homestead. Or buy a nice house with nice land. Sell the house with a decent garden and live on the land. So many flipping things in my head its really annoying, but I see this as a degree this year. I have worked my socks off. at least 5 hours a day consistently on these things.

They will be rich in theory, but no one will buy thier metal as a few kg of rice, some eggs & bottle of whisky will be worth 10x more as they are living in a war zone.

Bit off track guys. This is more the police state thread. We need a new thread for the guns. "Show us your weapons" or somehting maybe more crude pun wise? What happening with this squeeze as its not moving and going backwards in many cases?? Im £70 down on too stocks, but made OK profits from GATO yesterday.

My friend is down 12k today. I told him to sell last week, but he bought a Harley with some of his profits, thats more than I have managed this year LOL. Considering a lot of crypto investors are buying it with savings yes your right. I bet there are a lot of people who bought at 25-30k seriously considering liquidating, but are holding on to that £100k predictions & wished they had sold at 60k!! Or the people whop bought at 50-60k and had no stops in place considering jumping off a bridge. Myself included (I own Argo at -65%) Or just removing what they can and investing it elsewhere. I personally think we will see one huge rally and then it will crash and burn, potentially for years. Thats what I hope anyway - cash is ready to be deployed to day trade it on the way up and invest when it bottoms. I have made so many bad moves this year (my first year trading) i intend to make up for it at some point.

I would not pay too much attention to Kiosaki, he is a grifter that got rich from selling a book & board game about how to get rich. Dont get me wrong I have read 3 of his books (Fake was OK i guess), but there are much more knowledgable & less egotistical & greedy people to learn from. He will jump on band wagons and be not that knowledgable about the subject matter. I bet he makes more money from his radio show, being a guest & affiliate marketing than crypto LOL. This time last year I remember him knowing absolutely zero about crypto, now he is an expert (apparently). Anyhow. An economic downturn is on the cards of sorts. Check out Kitco Its a much more reliable source of information. I am not so sure about hyper inflation, but probably a prolonged economic downturn, like in the 70's. There will certainly be opportunities for those who know what they are doing to invest and make moves, when everyone else is panicking, selling & generally being idiots, like last year. I have about 30% physical metals, 50% cash & 20% stocks. I will mainly be looking at Dividend stocks if or when we see a collapse. That way if it lasts 10 years then I will still be getting paid. With regards to silver your best bet would be Mining stocks if you want a decent return within 5 years. It should pop this year i think though, they are very undervalued. Gold and copper too. With physical, you cant rely on Silver hitting £200 anytime soon & anyway its usually only in short periods(weeks or even days), so advertising, selling, posting physical can be hard work. Plus who would buy silver at all time highs? The apocalypse or hyper inflation if it does happen will not last that long I dont think anyway, outside of nuclear war. Stacking non perishable foods, a water supply, items to barter (I stack coffee) & protection would be more important. I guess you can throw you silver bars at robbers. I like the metal as an inflation hedge (and thats somehting to be paying attention too atm), but I still trade it regularly on price spikes (like in Feb and apparently now LOL). You can buy paper silver on the stock market, but mining stocks are better IMO. Plenty of threads covering all that in detail - 'miner picks' especially. https://www.youtube.com/c/kitco/videos

This might mean a quick decent leg up in gold if people move from Bitcoin.

Hello, I was wondering who uses a credit card to buy PM & goods? I own my own business so thats an option, but I was considering getting and using a credit card to buy a monthly purchase or Precious metals for personal use. I will pay it off in fiat & am going to remortgage next year and it should help my credit score. I was also wondering if I could somehow pay for private purchases on here or not?? Maybe I can transfer the balance to Paypal? The second reason is security, especially when buying on Ebay or from Europe. Correct me if I am wrong but would it be insured through a credit card. Of course I can also use it for other risky purchases like holidays. I have a card but i have never used it, so was also wondering what people have. I know there are a few cards linked to physical gold also?? What would the best strategy be?? Cash back card or something as I don't expect to get into debt.

This is not fair. We can get shotguns like that, but they are shot guns. I have applied to join a range which opens up the doors to rifles, but single shot outside os .22. I think a decent 22 with a silencer would be more fun actually & cheaper to shoot. This is my 'weapon' Has sat in the safe all year! Its a fabulous gun for £500!

How did this turn into guns and god? Im not so sure, but the USA was formed on some very fundamental Cristians & that still runs deep, especially in the south. Religion, blood lines & stuff like that does not die easily. This is not for this thread though. Just bought one of these last week with some silver squeeze trading profits (keeping it relevant LOL). It has the firepower to kill a rat!! 😛

Nice gun. I wished I lived in the states as your allowed some amazing weapons. Not ideal I guess as gun crime is nothing in the UK. Sarcasm & moaning about everything seems to be the weapon of choice. 'Moaning Pomms' is what my assize friend calls us and I agree. Shotguns are common (I own one) but the people that use them are sensible The stuff I have seen on Youtube is scary - its totally normal to consider murder??? I dont see the logic or compassion of killing someone for breaking in to thier house to steal a TV. If you own a ton of PM's or advertise it or live a flash lifestyle in a s**** neighbourhood then perhaps its required.

No I doubt it personally as I dont have my cash, but I am sure he has a mortgage in that term?? I have read that securing a 30 year mortgage ideally at a decent fixed rate for 10c years, not overspending & investing there difference in somehting decent (ie a business venture, stocks) is a good plan?? If your interest is 3% and you invest all your cash in somehting safe (like a dividend stock) that on average generates 3% thats fabulous over 35 years! Interest only is fabulous now, I wished I had done that (although I am on 2.3% I think), but I think it could be messy going forward. i have a year left on my fixed mortgage & I dont think they are finished with us yet with regards to the lock downs, stimulus & free money. Thats a lot more fear mongering, being locked in our houses & ideally higher property prices as people will be wanting to move and they have saved more cash for deposits. But as @KDave has said the inflation figures are out, we are due a stock market crsash & civil unrest as well as a war or two. That is not a good thing for proptery prices & they are in a bubble ready to burst 90% sure. Im up at least 70k on my house since I bought it & want to use that cash to refinance. Hoping it 100k by next year LOL. Hopefully I can refinance at the best rate possible July next year, but I will pull there trigger anytime if I see any signs of problems. I can see housing prices halving easily over a decade. Thats a bold statement I know.

@MancunianStacker Is my mortgage advisor and very knowledgable. I highly recommend PMing him. I had an hour chat with him last year, He has not charged me and is great as he knows the real economy & is not some out of university financial muppet or a flash harry get rich quick prat. Im unfortunately fixed until next July, but I can see rates still low then I think I would choose the longest term at the lowest rate possible, ideally fixed for 15 years!!! I would break my terms as it will only cost me £2k in July, which long term is nothing if im on 2-3% for 15 years!! I can seriously see interest rates getting to 15% within that time frame.