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Diversification Strategies for when Biden/Democrats cause Inflation?
Posted on 4/28/21 at 8:52 pm
Posted on 4/28/21 at 8:52 pm
With all the government spending we know that inflation is a near certainty. The only real question is if it happens quickly or over a year or two. So what are you doing to diversify to hedge against Biden and the Democrats crashing the dollar?
I'm asking as I'm fairly liquid right now in my bank account. I know that money is just sitting there losing value but I'm trying to figure out what to do. I have bought some gold and silver over the last year and plan to set aside around $50/week going forward to buy gold and silver. But besides gold and silver what other avenues should I look at? I wouldn't mind getting into investing but I really have no clue where to start in the investing world.
I'm asking as I'm fairly liquid right now in my bank account. I know that money is just sitting there losing value but I'm trying to figure out what to do. I have bought some gold and silver over the last year and plan to set aside around $50/week going forward to buy gold and silver. But besides gold and silver what other avenues should I look at? I wouldn't mind getting into investing but I really have no clue where to start in the investing world.
This post was edited on 4/28/21 at 8:53 pm
19
Posted on 4/28/21 at 8:54 pm to TheAustinMan
Hyper inflation is survived with trade goods.
Posted on 4/28/21 at 8:55 pm to Auburn1968
Have you seen the price of ground beef lately?
Inflation is already here.
Inflation is already here.
Posted on 4/28/21 at 8:56 pm to RiverCityTider
It many ways it is but it's just starting. I would say it's here but it hasn't gotten awful yet.
But that's not the question. The question is how to deal with the inflation so that all of our hard earned money doesn't just go to waste?
But that's not the question. The question is how to deal with the inflation so that all of our hard earned money doesn't just go to waste?
This post was edited on 4/28/21 at 8:57 pm
Posted on 4/28/21 at 8:58 pm to TheAustinMan
Good question . Guns and ammo have been good investments over the last 3 years .
Posted on 4/28/21 at 9:11 pm to TheAustinMan
You might want to repost or bump this on another day when it will get more traction....I would like to know as well!
Posted on 4/28/21 at 9:12 pm to goldenturbo
Crypto
Posted on 4/28/21 at 9:17 pm to goldenturbo
quote:
You might want to repost or bump this on another day when it will get more traction....I would like to know as well!
I have thought about this recently, but haven’t done any research. I’m guessing interest rates will have to go up depressing real estate investments. Maybe bank stocks?
Posted on 4/28/21 at 9:19 pm to TheAustinMan
quote:
I'm asking as I'm fairly liquid right now in my bank account. I know that money is just sitting there losing value but I'm trying to figure out what to do. I have bought some gold and silver over the last year and plan to set aside around $50/week going forward to buy gold and silver. But besides gold and silver what other avenues should I look at? I wouldn't mind getting into investing but I really have no clue where to start in the investing world.
Gold and Silver haven’t kept up with inflation, at least not in recent memory, why buy?
Posted on 4/28/21 at 9:40 pm to Dawgfanman
Young people aren't buying gold and silver.
Crypto is today's gold and silver.
Crypto is today's gold and silver.
Posted on 4/28/21 at 9:48 pm to tenderfoot tigah
But what keeps crypto from eventually turning into the modern day dot.com bust?
Posted on 4/28/21 at 9:52 pm to TheAustinMan
you could put some in universal life insurance.
Posted on 4/28/21 at 9:53 pm to TheAustinMan
Here's your diversification strategy. Sell your house, capture your equity. Monetize everything. Then get the frick out of the big city. Buy land in East Texas and grow chickens, pigs, cows, tomatoes, and veggies. Ability to milk cows? Big plus. Practice bartering. Then buy a subscription to Starlink and learn to code.
You laugh? Wait!
You laugh? Wait!
This post was edited on 4/29/21 at 7:07 am
Posted on 4/28/21 at 9:53 pm to TheAustinMan
Ammo.
Posted on 4/28/21 at 9:54 pm to MDB
Go to the Money board. There are several very astute investors over there. You just have to wade through it like on this board. Bluest of blue chips that pay good dividends. It’s going to be a rocky road. It’s scary frankly.
Posted on 4/28/21 at 9:58 pm to Bulldogblitz
quote:and rice and beans.
Ammo.
Posted on 4/29/21 at 1:26 am to Zarkinletch416
quote:Nothing surprises me anymore...if you told me in 2019 that the following year we would be quarantined to our homes only to venture out for essentials with mandatory diapers on our faces, I'd think you were insane!
You laugh! Wait!
Posted on 4/29/21 at 2:47 am to TheAustinMan
Good questions. Would like to know too.
Posted on 4/29/21 at 2:50 am to TheAustinMan
quote:
With all the government spending we know that inflation is a near certainty. The only real question is if it happens quickly or over a year or two. So what are you doing to diversify to hedge against Biden and the Democrats crashing the dollar?
I'm asking as I'm fairly liquid right now in my bank account. I know that money is just sitting there losing value but I'm trying to figure out what to do. I have bought some gold and silver over the last year and plan to set aside around $50/week going forward to buy gold and silver. But besides gold and silver what other avenues should I look at? I wouldn't mind getting into investing but I really have no clue where to start in the investing world.
Land! When the Government crashed then you have your own land and you can build defense there to protect yourself and your family. Apples trees and others like that. Then grow wheat, fruits, and vegetables. Also get chickens and others that are healthy to eat. Give you an idea that land on a farm is best bet to do soon.
This post was edited on 4/29/21 at 2:58 am
Posted on 4/29/21 at 4:05 am to TheAustinMan
quote:All kinds of MONEY investing on the TD's Money board..u should try it and stay off the PT board.
I wouldn't mind getting into investing but I really have no clue where to start in the investing world.
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