The President of the European Central Bank is warning that the world economy faces pressures similar to those of the 1920s.
— Gold Telegraph ⚡ (@GoldTelegraph_) September 28, 2024
Central banks are in a tiny box.
They have done it to themselves.
Currencies around the world are now rapidly getting debased vs gold.
The thesis is…
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What will you do when the banks close?
When the banks raid your safety deposit boxes and convert your deposits to bank stock did you keep some cash on hand?
Is your pantry full? Is your gas tank full? Do you have a go bag? Do you have at least 10 gallon bottles of water(or keep the bath tub full)? Do you have enough blankets or firewood when the power goes out? Flashlights? Portable radio? Like minded friends? A way to defend yourself? Have an escape plan just in case with printed maps.
Please prepare yourself before a bank holiday or bail-in. Don’t be surprised if they come for your gold. I’m sorry, this is $hit, I hate talking about it. Keep the faith and protect yourself and your family. God save us and God save America.
Good advice, however if you have gold you should hedge that with lead. This is not 1933 and the public is far to aware to allow this without massive federal casualties..
Ramifications? See “The Great Taking.”
Ingles in Murphy is only taking cash.
If one has the ability to convert less liquid assets to cash (IE 401k, IRA, etc) expediently, and then turn the cash into usable goods including feed, vehicle upkeep, dental work, a new metal roof, cisterns for water storage and all the obvious now is the time to do it.