What to do with my money in times of great recession

[smutcakes]

26 minutes ago, Longreach said:

in a recession bitcoin and its like will be worth zero.

people need to buy life essentials, not digital BS.

Buy Unilever shares... always a good bet in inflationary times.

[ChaiyaTH]

On 3/25/2022 at 2:22 PM, sawadee1947 said:

Buy ETFs

Obviously that is one of the first things to crash entirely on what the OP mentions. 

[ChaiyaTH]

The bank guarantee is kind of worthless, only helps during minor recessions and we are not looking at a minor one if it comes. Housing market, stocks, all of it will come down at once, so you might still have 100K USD protected but it will be worth like 5K compared to today's buying power.

 

If you ask me, the most important thing is to have your own home with the ability to generate both energy and drinking water + a huge stock of things like medicine. Money will just be good to burn and stay warm if considering such extremes.

 

The real plan however is to crash all, start a share holder economy and pay people basic income straight from the central bank. Enjoy your wealth now, the future isn't like today.

Edited March 26, 2022 by ChaiyaTH

[sawadee1947]

2 hours ago, ChaiyaTH said:

Obviously that is one of the first things to crash entirely on what the OP mentions. 

If you buy and hold MSCI world ETFs you are on the safe side. However you have to keep them a longer time (5-10y).

Over all I gained 6% the last 8,5 years.

 

[unblocktheplanet]

[xylophone]

On 3/25/2022 at 7:16 AM, spidermike007 said:

Silver bars and coins. They will appreciate far more than gold, if things collapse to the extent I think they will.

I seem to remember that the Bunker-Hunt brothers tried to corner the silver market back in the late seventies, and around the early 1980s the whole thing turned to custard and they lost millions of dollars, almost their entire fortune, and they were a wealthy family, investing in oil and other commodities.

 

One would have thought they knew what they were doing, but.............

[1FinickyOne]

On 3/25/2022 at 2:44 PM, Sydebolle said:

The correct title actually reads "Cigareets, Whuskey, and Wild, Wild Women", by Red Ingle. Of poor sound quality but yeah, dating back to 1948, here we go with the original: 

 

That's Lou Costello next to him and maybe Bud Abbot on the other side

[RJRS1301]

On 3/25/2022 at 4:22 AM, nomad2019 said:

no chance , thailand is finished for me.  had enough of the governments stupid rules ????

Colombia will be the place I hope all going well ????

You serious about Columbia, money and safety, and government decisions?

 

[KannikaP]

On 3/26/2022 at 5:05 PM, smutcakes said:

Buy Unilever shares... always a good bet in inflationary times.

Down 10% in last 3 months.

[Don Chance]

We are not in a recession yet. And may not be.

Canada ETF look good they are heavy in Banks, which are good value and commodities that are set to rise. The Canadian dollar might rise 10-20%

Check TSE: HXU

 

China stock are cheap now. Other than that good value dividend stock in the US or Europe.  Watch out for taxes though on dividends.

Check out  Altria Group Inc, is a tobacco company that might sky rocket if weed is legalize in the USA, but it is still good dividend stock right now anyways.

Edited March 27, 2022 by Don Chance

[KannikaP]

1 minute ago, Don Chance said:

The Canadian dollar might rise 10-20%

Yes, and so MIGHT the Bitcoin.

[Don Chance]

Just now, KannikaP said:

Yes, and so MIGHT the Bitcoin.

What if governments don't like Bitcoin and ban the trading in their country?   What if a super computer cracks the encryption? It will go to zero in a few days.

[KannikaP]

4 minutes ago, Don Chance said:

What if governments don't like Bitcoin and ban the trading in their country?   What if a super computer cracks the encryption? It will go to zero in a few days.

I'll take my chances on the megre few I have. 

What about the countries which have adopted the Bitcoin, or Elon? Just asking! 

[spidermike007]

1 hour ago, xylophone said:

I seem to remember that the Bunker-Hunt brothers tried to corner the silver market back in the late seventies, and around the early 1980s the whole thing turned to custard and they lost millions of dollars, almost their entire fortune, and they were a wealthy family, investing in oil and other commodities.

 

One would have thought they knew what they were doing, but.............

While that was true, it was a market ploy, and was not based on a collapsing economy. Two very different animals with entirely contrasting fundamentals. 

[ThailandRyan]

Stuff your mattress with the notes you think you might need and fill bags with loose diamonds, gold Krugerrands and some silver ingots....you will be right as rain.....

[Hoppyone]

On 3/25/2022 at 12:22 AM, nomad2019 said:

no chance , thailand is finished for me.  had enough of the governments stupid rules ????

Colombia will be the place I hope all going well ????

Well if thailand is finished for you go post on Columbia site 

[smutcakes]

1 hour ago, KannikaP said:

Down 10% in last 3 months.

Yup so better time to buy for better divi. 

[Sparktrader]

Bitcoin

Ethereum

 

Stocks are 30% over cooked in US. No major crash.

[Sparktrader]

On 3/25/2022 at 12:08 PM, spidermike007 said:

Yeah, they said that in early 1929, in the summer of 1987, in March of 2000, and again in late 2007.

29 great depression

87 high interest rates

2008 gfc

 

Low rates now help stocks

[Sparktrader]

Dow to 5,500? Yeah no. Dow wont go below 15,000 ever again. 20,000 is the base.

 

 

[Sparktrader]

Btc eth up 5% overnight.

[Sparktrader]

Silver overrated always

 

Gold and platinum better

 

$aud going up. Rates will rise

 

 

 

[Sparktrader]

Summary

 

Btc

Eth

Aud

Gold

Platinum