What to choose?

[Confuscious]

Let's face it, we are on the brink of WW3.

Europe can not simply stand on the side and look a war started at one of their sovereign neighbours and their citizens being sloughtered.
Soon, Europe will be involved in this Russian-Ukraine war.
And it's only a matter of time before the USA will start to send troups to the war zone.

With this in view, I and many others have some savings on a bank anywhere.
Inflation is skyrocketing and soon the saved money in a bank will be worth "Nothing".

My question is: "What would be the best investment for bank savings that could be chosen in order to save some value"?
Gold?
Housing?
Crypto?

 

 

[Bobtheblob]

It won't make any difference where it is if the mad man creates a nuclear winter. It could happen listen to his speaches. 

Edited March 1, 2022 by Bobtheblob

[Sparktrader]

Nothing will happen. Stop watching tv.

[Liverpool Lou]

46 minutes ago, Confuscious said:

Let's face it, we are on the brink of WW3.

Europe can not simply stand on the side and look a war started at one of their sovereign neighbours and their citizens being sloughtered.
Soon, Europe will be involved in this Russian-Ukraine war.
And it's only a matter of time before the USA will start to send troups to the war zone.

Inflation is skyrocketing and soon the saved money in a bank will be worth "Nothing".

1.  Let's face it, you're scaremongering, we ae not on the brink of WW3.

2.  Inflation in Thailand is not "skyrocketing", it's less than it was nine  months ago.

[Sparktrader]

7 minutes ago, Liverpool Lou said:

1.  Let's face it, you're scaremongering, we ae not on the brink of WW3.

2.  Inflation in Thailand is not "skyrocketing", it's less than it was nine  months ago.

CNN should hire him

[OneMoreFarang]

1 hour ago, Confuscious said:

My question is: "What would be the best investment for bank savings that could be chosen in order to save some value"?
Gold?
Housing?
Crypto?

Buy a bar in Thailand.

They are cheap in the moment and everybody will want some fun before they die in WWIII.

[RandiRona]

There is no world war 3. Nukes have ensured that World wont go in that madness. West has fed Ukraine to Russia and bait it so that they can sanction Russia. Ukraine will fold, west will fuel insurgency, you have seen this movie before. Silverlining , World is more scared of Russian Nukes than Covid...Both are communist though!!

Edited March 1, 2022 by RandiRona

[ChaiyaTH]

The problem the OP actually talks about, with being afraid to lose the money or still have something that is worth nothing, is a risk regardless. At the end this propaganda system of 2030 with Klaus Schwab is all about that ''you own nothing but will be happy''. 

 

Nukes are over rated and pointless to fear, if that happens it does and it's about survival, not dollars. With a nuclear winter most of the northern hemisphere would have little sunlight thus no food either. I guess relocating to Argentina be the wisest then, together with some gold and silver + crypto.

Estimated deaths are like half a billion in the first 3 weeks alone, they do not want to put out numbers in terms of expected deaths after the consequences of the nuclear winter itself, could be up to half the earth population. But the elite seems to prefer us getting with fewer anyway, and they can sit out in bunkers.

 

It's not like this is reactors, the bombs barely destroy earth itself, it be fine within a few days. It is just all the other misery that follows that leads to the mass kills and deaths. Just like logistics are 50% of an army.

Edited March 1, 2022 by ChaiyaTH

[ChaiyaTH]

1 hour ago, Liverpool Lou said:

Inflation in Thailand is not "skyrocketing", it's less than it was nine  months ago.

Those things often take time for it to take effect but the rise in costs is visible in so many areas already, it is just that we are quite rich here compared to Thais, even if we are poor, and it is still very doable for us to take steps back and get round.

 

You can be quite sure that you need 2 times what you need today, to eat the same in 1-2 years from now latest. This will break most of the low income earners here too.

Edited March 1, 2022 by ChaiyaTH

[bendejo]

Notice that no other countries are siding with Putin, save for a few former USSR pieces.  The  'stans are not supporting, they know it could very well be themselves next.  Even China abstained on a UN vote.  China has its own designs for taking over the world, and Xi would be happy to be rid of Li'l Vlad.  The use of cluster bombs and thermobaric weapons (which the press is now calling "vacuum bombs") may certify Vlad as an outright war criminal.

I'm expecting a Julius Caesar incident in Moscow soon . . .

 

 

Edited March 1, 2022 by bendejo

[Mac Mickmanus 2]

2 hours ago, Confuscious said:

My question is: "What would be the best investment for bank savings that could be chosen in order to save some value"?
Gold?
Housing?
Crypto?

Do something useful and join the Ukrainian army and get paid to fight the Russians .

 

[Liverpool Lou]

10 hours ago, ChaiyaTH said:

11 hours ago, Liverpool Lou said:

Inflation in Thailand is not "skyrocketing", it's less than it was nine  months ago.

Those things often take time for it to take effect but the rise in costs is visible in so many areas already, it is just that we are quite rich here compared to Thais, even if we are poor, and it is still very doable for us to take steps back and get round.

 

You can be quite sure that you need 2 times what you need today, to eat the same in 1-2 years from now latest. This will break most of the low income earners here too.

As I said, inflation in Thailand is not "skyrocketing" as that poster claimed.

 

My comment was nothing to do with your opinion of any disparity between the affluence of Thais and foreigners, nor anyone's personal crystal ball  vision of prices in two years time.

[Liverpool Lou]

11 hours ago, Sparktrader said:

11 hours ago, Liverpool Lou said:

1.  Let's face it, you're scaremongering, we ae not on the brink of WW3.

2.  Inflation in Thailand is not "skyrocketing", it's less than it was nine  months ago.

CNN should hire him

No, I'm sure that no Thavisa member would ever do that on camera in front of his colleagues, which may be a requirement at CNN.

[KhunLA]

"Let's face it, we are on the brink of WW3." 

... NO ... we're not

 

"Europe can not simply stand on the side and look a war started at one of their sovereign neighbours" 

... yes they will.  Same as nobody cared when USA / UK / NATO invaded and occupied sovereign countries, as recently as 2001.   Love the selective memory and politics of some people.

 

IMHO ... Don't forget it all started, as usual, with backdoor 'regime change',  ... IMHO

Edited March 2, 2022 by KhunLA

[BritManToo]

10 hours ago, bendejo said:

The use of cluster bombs and thermobaric weapons (which the press is now calling "vacuum bombs") may certify Vlad as an outright war criminal.

No worse a war criminal than Maggie Thatcher (Falklands) or Tony Blair (Iraq and Kosovo).

[BritManToo]

11 hours ago, ChaiyaTH said:

You can be quite sure that you need 2 times what you need today, to eat the same in 1-2 years from now latest. This will break most of the low income earners here too.

Seems unlikely,

Most pricing is driven by what the locals can afford to buy (not what items cost to produce).

No point in having shops full of products/produce the local Thais can't afford.

Went to my local market last Sunday. Everything was the same price as last year, strawberries, yellow curry, bananas, apples. Ginger was 1/2 the price of last year. My mortgage repayments are 2Kbht/month cheaper than last year.

 

When times are hard, usually everything gets cheaper.

Edited March 2, 2022 by BritManToo

[RafPinto]

13 hours ago, Sticky Rice Balls said:

Its the end of the world...and I feel fine..........go get your last soapy massage!!!   ????

Book an open end one.

Lasts as long as it lasts.

Book 15 girls 24h a day.

Tell them you settle the bill at the end.

 

If they throw a bomb on you, no bill to settle and at least, you enjoyed your last moments and leave planet earth well relaxed and relieved.

[ChrisP24]

Read survivalist sites.  Store food and water and the means to grow/purify more.  And ammunition.  Review and upgrade the security of your abode.  Meet your neighbors with an eye to potential mutual support in a crisis (and also who might be a threat).  If you are in an inherently insecure location/situation develop a bug-out plan/location that is more secure.  Learn skills such as subsistence farming, first aid, firestarting, knots etc. and maybe learn some skills that you can trade in case of a complete breakdown such as horse training, blacksmithing, herbal medicine, livestock management etc.  Store seeds and buy some chickens. Practice living on what you have for a while to learn more about what you maybe haven't thought of.

 

And then once all of that has made you feel better (and made you tired, and probably more physically fit & physically healthy too), stop worrying.  We just lived through a global pandemic which is one of the classic "SHTF" scenarios, and it wasn't all that bad (not being dismissive of the number of people who died from it).  Last century brought us WW1, WW2, the Great Depression, the Spanish Flu, and that brief but traumatic Disco era.  None of those even remotely resembled a scenario like the Walking Dead.

 

But your question is what would be the best investment for bank savings that could be chosen in order to save some value.  To that I say probably canned food.  Bank savings generally should be enough to cover 3-6 months of your living expenses, so if you are worried you could convert some of that to canned food or dried goods that you already eat, such as rice, beans or pasta, with self lives of 2-5 years or longer.   Then rotate them and replace what you consume.   That will be an inflation hedge and also you can buy in bulk and take advantage of discount sales, so that saves you even more. 

 

Gold would be a #2 maybe if you just want to store value.

 

[Guest Isaanlife]

It is amazing how many people living in the third world feel immune and protected.