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Is anyone heavy in on cash currently?


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I'm very old fashioned when it comes to money,  to answer the question yes I hold more cash than PM's stocks, and crypto put together.  Cash is still king but just only.  PM's are being left behind I might be unpopular for saying this, and I'm gonna hear the same blah, blah pm's are being manipulated speech.  What are nations gold reserves in reserve for?  It's not for an economic collapse, America only has around 300 Billion which would not even keep one of it's medium sized tech companies afloat if it failed never mind the total economy, Amazon alone  is worth 10x more than Americas gold reserves.    Will we see an overnight re evaluation of physical PM's  in this new digital world?  And if they revalued PM's it would have to be by 1000s of times.  As much as I would love to become a multi millionaire over night I can't see it.....But It won't put me off holding PM's as a lottery ticket.  

In the long term can see Governments at some point encouraging people to convert cash into their native CBDC  and early adopters will get very attractive interest rates.  In the short term interest rates are likely to continue to rise savers are always the last in line to see any benefit and  mortgage payers are always the first ones to feel the sting.    

Only my opinion, and please don't hate me for the "blah, blah pm's are being manipulated"  comment.  Is like playing a game where you know where everyone is cheating yet you still play and still complain you are being cheated 

.

 

Edited by GoldDiggerDave
typo
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9 hours ago, FlorinCollector said:

China instead of offering stimulus to people sitting doing nothing. Decided to invest the money in paying workers to make high speed rail. 

Smart move and I would do this in Scotland if we were Independent. Puts employment up, builds infustructure and puts money into peoples pocket by earning. That puts printed currency into tax liabilities (payroll taxes etc).

Stimulating the economy through unemployment will keep lower wages, businesses will charge higher prices, people wont work and inflation will eat the basics (we are seeing this in the United States).

China have learnt and are heading towards that number 1 seat without any shadow of a doubt.

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9 hours ago, HerefordBullyun said:

CBDC's will be around soon. I know tech developers working on it already here in UK. Whitepapers are being drafted. Cash wont exist in about 20 years or so. If anyone wants to take that bet with me let me know. :)  @stefffana lol

Yeap. I said this to people at my work that the war on cash is real. As usual the slavery refused to believe the truth with - "banks cannae do that".

I can see the central banking system creating their own semi crypto-digital cash system to kill cash and use that as the new social-slave-control credit system.

The papers are there in the bail-in documents - That Apple pay system is already here and it will be like that. For some reason people think its okay for Apple to do it but refuse to believe that the banks will do it.

Ignorance is strength.

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43 minutes ago, GoldDiggerDave said:

What are nations gold reserves in reserve for?  It's not for an economic collapse, America only has around 300 Billion which would not even keep one of it's medium sized tech companies afloat if it failed never mind the total economy

These prices are marked in dollars though. Its not marked in a Gold market with a gold standard or semi-standard where the "market" is the Gold miners. Instead we have a futures market taking bets on Fed and Banking speculation. I understand where you are coming from but the existance of the Gold is incase a country (usually a rival country) announces a gold standard or payments in gold for debts.

China CAN do this. Will they? Is a different matter.

IF China did, then the United States dollar would collapse and the US would be forced into a WW3 type situation or they would have to bite the bullet and let the whole economy burst.

EDIT; Btw that caused the American civil war (using chinas example). If china calls it, us gold holders are fine and the true USD price of gold would be well over $20k an ounce.

Edited by Minimalist
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11 hours ago, stefffana said:

If you want to invest in land, do it. But not in a town or in a developed area. 

Be traveller one or two summers, find a wild area in the mountains (Scotland, Alps, Carpathians, doesn't matter where) and buy a small land there. Pay attention to have a little spring on your property. Pure water will be in next future very expensive. There will be your family's refuge if things go wrong.

I know, what I'm saying seems somewhat crazy, but that's how I think.

 

This is a good theme to pick up, not just because of prepping survival.

Water wars were a developing theme in the last decade, I genuinely think both water and water purification will be a wise asset to own or have access to at some point; just too early for investment, for me anyway right now. Remember buying into water tech, the research just drains funds, the payback and commercialisation of some aspects will take time.

Water ETF’s came out around 07, think it was Barclays to offer the first in the U.K; really can’t remember if it was the water companies or services to them it invested in. Moving on Aquaponic farming is another theme that’s gathering interest.

Back to the original question, if I’d have been asked 2 years ago, I’d have been holding more cash. Now though, a fair proportion of my spare cash goes into P.M’s, just see it as useful diversification and risk management. There will be opportunities post a crash, there always is; well in stock market for sure there will.

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I have a fair amount of cash set aside. Most of what I own is tied up in physical assets namely the house I live in and land I've purchased in the UK and Canada. Some is silver and gold. An equal amount to the silver and gold I would guesstimate is cash. I'm really not comfortable with it in this current climate but when the pandemic first took hold in early 2020 I made the decision to move a decent amount of cash to where it could be easily accessed because I imagined opportunities would arise from the sitaution. Some opportunities have arisen and I've made some good money being able to jump on things quicker than I could have if that cash wasn't sitting there. However I say my comfort level is decreasing because in all aspects of my business and work life costs are soaring. As has been discussed in another thread inflation is way higher than the official figures and from everything I see happening I can only see it getting worse. The problem is its hard to find assets at this point which haven't inflated over the last two years so its hard to feel confident about where to park cash.

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4 hours ago, GoldDiggerDave said:

 PM's are being left behind I might be unpopular for saying this, and I'm gonna hear the same blah, blah pm's are being manipulated speech.

Definitely being left behind at mo methinks, if this info is correct...

 

 

3C1C76E2-4DA2-4A03-B5D7-056793D304EA.jpeg

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16 minutes ago, ZigZag said:

This is a good theme to pick up, not just because of prepping survival.

Water wars were a developing theme in the last decade, I genuinely think both water and water purification will be a wise asset to own or have access to at some point; just too early for investment, for me anyway right now. Remember buying into water tech, the research just drains funds, the payback and commercialisation of some aspects will take time.

Water ETF’s came out around 07, think it was Barclays to offer the first in the U.K; really can’t remember if it was the water companies or services to them it invested in. Moving on Aquaponic farming is another theme that’s gathering interest.

Back to the original question, if I’d have been asked 2 years ago, I’d have been holding more cash. Now though, a fair proportion of my spare cash goes into P.M’s, just see it as useful diversification and risk management. There will be opportunities post a crash, there always is; well in stock market for sure there will.

 

9 minutes ago, Uksilverstackers said:

Definitely being left behind at mo methinks, if this info is correct...

 

 

3C1C76E2-4DA2-4A03-B5D7-056793D304EA.jpeg

Wowzers!.........Me got a feeling those YT pumpers are telling people Porkies 

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13 hours ago, stefffana said:

If you want to invest in land, do it. But not in a town or in a developed area. 

Be traveller one or two summers, find a wild area in the mountains (Scotland, Alps, Carpathians, doesn't matter where) and buy a small land there. Pay attention to have a little spring on your property. Pure water will be in next future very expensive. There will be your family's refuge if things go wrong.

I know, what I'm saying seems somewhat crazy, but that's how I think.

 

Michael Burry (Big Short) stated this. Despite him proving everyone else wrong in 08' they refuse to believe this time around as well. He actually stated its getting worse (the ignorance) and I fully believe him. Hes long water securities and land (with water) - hes even stated lately that hyperinflation is here and theres going to be a possible civil war in the United States.

Anyone who refuses to believe him deserves the consequences.

Dont worry though, Tik Toks and McDonalds will keep the crazies entertained.

Edited by Minimalist
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Just now, Minimalist said:

Michael Burry (Big Short) stated this. And despite him proving everyone else they refuse to believe this as well. He actually stated its getti by worse and I believe him.

I was thinking of my own water from 1995. Now, i have two small springs in my properties.

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The trouble with collapse of society theory is owning anything is irrelevant.. some one will take it ..

on the holding cash side of things .. my wife’s pension is in a middle of the road , medium risk fund.  
In the last 3 months it’s has gone from 23 per cent North American equity to 17.5 per cent 

the fixed interest component (cash) has increased from 18 to 22 per cent (no specifics on currencies there though )

interestingly UK equities have increased from 10 to 13 per cent.   And the FTSE is awash with defensive stocks and banks (generally winners in a rising interest rate environment )

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Just now, CANV said:

The trouble with collapse of society theory is owning anything is irrelevant.. some one will take it ..

Ive had arguments about this.

I disagree; The elite class can bribe the lower classes into taking gold or other payments for protection or even mercenaries in order to survive (ownership of assets). Given the geographical proximity of the elite, say for example outside of a dense area they could survive it (with certain technologies).

Since society has not collapsed yet. A superclass is emerging from the Elite - from terrestrial to non-terrestrial ability (rockets - getting off earth).

Whos to say Musk or Bezos cant run away in a rocket and go onto another planet with enough conditions to survive?

When arguing these possibilities its usually denied that all these possibilities cannot be possible or would be true in the event of it happening - its just pure denial.

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On 29/12/2021 at 13:17, Uksilverstackers said:

Definitely being left behind at mo methinks, if this info is correct...

 

 

3C1C76E2-4DA2-4A03-B5D7-056793D304EA.jpeg

77% average and the Fed says inflation is 6%.

Michael Bury was right, with more debt than real wages theres going to be either a civil war or/and massive wealth redistributions.

Yet the West keeps yarping on about communism, illegal wars, working longer hours and increasing debt/inflation. Dont fart or breathe, youll destroy the ozone layer. Cheers.

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