written by reader Plan for economic crash

by Anonymous Questions | May 13, 2014 1:44 pm

Many economic experts are predicting another economic crash like or worse than we saw in the 1970s with ultra high interest and high inflation. That is no surprise with the government spending more than they have for years. I would not be surprised there is no gold[1] in Ft. Knox either.

I would like to request the stock gumshoe plan on how to protect our wealth through these times? I would imagine all your members have the same question.

What changes is the gumshoe making to protect his fortune?

Is the US Dollar doomed and if so what can we do about that? Will there be a new world currency that is solid?
Thanks.

Endnotes:
  1. gold: https://www.stockgumshoe.com/tag/gold/

Source URL: https://www.stockgumshoe.com/2014/05/microblog-plan-for-economic-crash/


7 responses to “written by reader Plan for economic crash”

  1. investor101 says:

    Thanks….I think you have expressed what is weighing heavy on people’s mind. I seriously don’t know which way to go. I have quite a few US Savings I Bonds I bought for my sons in the 90’s, sitting in the safe deposit box and have wondered if I need to go ahead and cash them. I certainly can’t put everything in gold, have a stock account etc… I sure do hope our friends here will express their thoughts. I will heed that more than the paid for newsletters!

  2. George says:

    I am conserned about any accet backed by the US dollar. This currency could inflate very fast when people loose confidence in the USD. The traditional way to reduce the impact is precious metals, investments not in USD, and land to mention a few. Anyone have any better ways to hedge against a big USD inflation run?

  3. robinsteel says:

    As we know, gold and silver have been the traditional hedges against inflation, and it seems that even the richest people are buying a lot of PMs these days…the ultra rich have huge holdings in the biggest miners, and RIO and BP Billiton have a lot of accessible reserves in Utah and New Guinea.

    So, world wide, “the market” is ripe for a fall, and PMs are easily manipulated by High Frequency Trading on behalf of the same people who own most of the “quality” stocks in existence …It follows that these people are going to short the markets that they control, at some time in the near future; fall back on their “physical wealth” to pay for more shorts, and make a killing by killing the “little people”, again…

    What to do? try to have enough cash to short consumer stocks but avoid the temptation to bet against the obvious things that the ultra rich will keep buying…like defense and cyber security…Gold and Silver miners might make a big move up in the near term, and some may be takeover targets when financing becomes difficult as interest rates shoot up…so watch out for sudden price drops that seem counter intuitive and find out who is selling…insiders won’t sell if there is a takeover in the works, but big ETFs will try to push the price down just before it happens…I don’t have much “faith” in “free” Markets anymore…so maybe it will be wise to get into cash and buy the blue chips when they drop 10%-20% at the first sign of a broad sell off, since none of them will go bankrupt , and people still need TP, beer, burgers, and netflicks…..

  4. investor101 says:

    Would somone please address these US Savings Bonds???? Travis, I am not a whiz kid with the stocks, but do have a portfolio with Ameritrade, too much personal real estate, some g/s, geez…just a regular girl not liking what I see our govt doing to us. I live within my means and don’t like debt. I see the prices rising every time I go to the store and wonder how in the world families are going to make it, it is taking a whole lot more dollars. Thanks everyone for your valued opinion.

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