More and more, I have observed traders, bullion dealers, pundits, and news stories calling out warnings for the U.S. Petro-Dollar, the Dow Jones, and the U.S. Currency Reserve Status. More importantly, I have been personally doing a daily watch of world markets, precious metals, and geo-political events. In many, many areas I see this:
I have not posted on SteemIt for about 5 months, because everything seems like it's just more of the same. I'm now coming out of the woodwork to throw in my 2 cents. This year, I really went "ALL IN" on food, supplies, and SILVER (with some gold). I am not going to pump any crypto to anyone for one good reason: as of right now, they remain an unproven, new asset class. I know it's very likely there will be some huge and massive winners in the cryptoshpere in the future. However, I'm not big on taking risks - which is why I'm going with the tried and true precious metals.
Cryptos have been down all year. Precious metals remain supressed. Stocks and bonds remain propped up. The U.S. Dollar is $#!t, but it's doing well because most other currencies are Jack-$#!t. Last crash (2008), the USDollar was still working as a "safe haven" asset class. In 2019, the USDollar will quit working as a "safe haven." (I won't list all of the reasons for this, but they are many.) This means the Stock Market, Real Estate, and U.S. Bonds will all take major/catastophic hits in the near future.
Do you think you have a Roth-IRA which is, "gold-backed?" The banking/finance rules have all been changed since 2008.
If you research your Mutual Fund, Equity, and IRA prospectus, you will find there are now several other entities which are AHEAD of you in line to receive whichever "hard asset" lies at the end of the contracts - namely banks. Main Street is going to get royally screwed again. Since people have grown sick of bank "bail-outs," the rules have been changed for bank "bail-ins," which have already begun.
Wealth is not created or destroyed - it simply MOVES to a different asset class. FIAT/paper currencies, equities, and derivatives are going to be proven, the world over, that they never should have been trusted - just as they have always proven to be losers. The real money is Silver and Gold. IMHO, cryptos do not qualify as "real money" in the current environment. They will probably become a much stronger asset class at some point in the near future - but not yet. At best, I think cryptos will assume some role in the future of a new World Reserve Currency, but which ones will be winners??? Which ones will be worthless??? Personally, I care less about cryptos every day, because the smart money has already moved into Mining Futures and Precious Metals. If you can still get your hands on some Mining Stocks or precious metals, you will not be sorry. Right now, the average person needs about $5,000 - $8,000 of precious metals (at todays prices) in order to survive and thrive through what is coming on the near horizon.
DISCLAIMER: I am not a financial advisor. Anything in the above content is meant for educational/entertainment purposes only. Do not make trades based on this article. I am not responsible for any financial gains or losses you make in regards to this information.
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