written by reader newsmax put this out, is it time to start digging a hole?

by backoffice | March 27, 2016 12:14 am

URGENT WARNING:
The Coming Financial Crisis May Cause
a 90% Stock Market Drop And
50% Unemployment . . .
Learn How To Protect Your Wealth, Your Job, And Your Family.
Travis, I’m becoming tired of all these doomsayers. If the above were to happen is it safe to say there would be really no place to put and protect your money?

Source URL: https://www.stockgumshoe.com/2016/03/microblog-newsmax-put-this-out-is-it-time-to-start-digging-a-hole/


6 responses to “written by reader newsmax put this out, is it time to start digging a hole?”

  1. jerfryman says:

    I believe that if we make marijuana legal to buy !!!! its every were only the government think its hard to find really. lets make it like buying cigarettes an beer if we do that the gangs cant make the money to buy guns or other drugs last year the tax on marijuana was around 14 billion an this year they think it hit 40 billion save usa an buy marijuana stock that is the best bet for your money thank you for reading my comment

  2. modernrock says:

    food, water, gold, silver, guns and ammo for the apocalypse

  3. The doomsayers are ever-present, and when there’s a substantial amount of unease about the direction of the country or the economy (2007, 2008-9, 2011), they get louder and more heavily marketed because people are primed to listen to prophets of doom.

    That doesn’t mean all is peachy keen… but we’re in an unusually virulent election year, there have been a few terrorist attacks, and everything is magnified and people are inclined to believe the most strident attention-whoring screams from extremists on both sides of the aisle… it’s not the kind of environment where pitching your newsletter with a “hey, let’s compound annual returns at 8%!” promise will get you to the top of the inbox, you need to predict the end of the world and have the one solution for those who are afraid.

    Almost all of those pitches, inspired by the Agora doomsayers of the 1970s and 80s and most stridently reborn by Porter Stansberry’s “end of America” spiel a few years ago, are about the US currency collapsing and bringing chaos to our streets. They usually suggest the same things: gold and silver coins; farmland; overseas accounts up to the IRS limit; gold stored overseas; overseas real estate; buy barter-worthy stuff like whiskey and ammunition, etc. etc.

    I prefer a more optimistic approach, frankly. It’s wise to be somewhat protected from the fact that the US dollar will probably fall against other currencies over time (and against “hard assets” like real estate and precious metals), since the globe is currently mired in a currency devaluation beggar-thy-neighbor contest and all currencies have lost their purchasing power over long periods of time… but following that logic with all of your money back in 2009 or 2011 would have been disastrous and would have meant you lost out on 50-100% gains that could have really helped a lot of retirement portoflios. Telling people who haven’t saved enough for retirement that they should be figuring out how to buy a condo in Panama or farmland in Uruguay, or buy some gold coins to bury in their back yard, is trying to prepare for the zombie apocalypse when it’s perhaps wiser to prepare for the problems that you know about and can predict with some degree of certainty.

    If you’re wealthy enough to be worried that you’ll be the target of marauding gangs of IRS agents and bankers, and are so disenchanted with the world that you think society is about to crumble, by all means, build your bunker and buy that membership in Doug Casey’s libertarian oasis in Argentina and sew diamonds into your underwear… but for most of us, I think holding some small allocation to gold or silver or real estate or the like, being mindful of currency risks, and letting excellent companies (whose stocks have been the very best protection from inflation) grow your retirement fund over time is a more realistic emergency plan.

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