What to do with my money in times of great recession

[Sydebolle]

4 hours ago, brianthainess said:

They'll drive you crazy, they'll drive you insane. incidentally on the label of that song  it is spelt Whuskey i also believe the B side was called Black Bottomed Girls, by "The Unnatural Seven"  . I inherited it from my  step grandfather. just saying.

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: 

 

[Lacessit]

7 hours ago, spidermike007 said:

Silver bars and coins. They will appreciate far more than gold, if things collapse to the extent I think they will. Don't know about the timing of it, but I see real estate collapsing by 50-70% worldwide, and the Dow dropping to 5,500. 

 

People are talking about a recession. A depression closer to 1929 might be more like it. This balloon has been pushed too far. 

I am conflicted, as I am holding about 30% of my assets in silver and gold. Paper profit of about 10%.

OTOH, I can remember my parents and grandparents talking about the Great Depression.

[RichardColeman]

5 hours ago, sammieuk1 said:

No safe haven for your cash in a nuclear wasteland other than a mad max car and a big gun ????

I very much doubt the poster will be worried about his investment if that happens

[TimBKK]

6 hours ago, spidermike007 said:

A friend of mine has been investing in ammunition. Mostly low to medium caliber bullets. He said the prices have risen dramatically, and it is now considered a strong commodity. Amazing.

 

Not so easy here. Nor would it be anywhere near worldwide market value. 

Bullets as a commodity 555.  And if he wants to cash out…dark web?  

[allanos]

Silver, although a precious metal, largely falls into the category of being a "commodity", for all of the industrial uses, including solar panels, which it has. 

 

If the world plunges into recession, as some predict, the price of silver will go into a tail-spin again.

 

Is cash in a bank truly protected? Look at the "bail-in" which occurred with Cypriot banks a number of years ago, where customers' money over a certain level was seized (and presided over by the Eurozone monetary authorities). It can happen anywhere.

 

The rule-of-thumb that 10% of one's assets should be held in gold remains true. In my humble opinion, a larger percentage should also be held in its modern equivalent, Bitcoin, which is digital gold.

 

Bitcoin and gold are not immune to market corrections; they are strongly correlated to the stock market. But, following an initial tumble in line with shares, will likely hold their values better, and rebound more quickly, and soar to new ATH's when the dust settles.

 

Be aware that central banks are busy inflating your present notional wealth away. Recognise that even the "official" inflation rate of around 7-8% per annum (and only if you are naive enough to believe such official nonsense), is making you pretty well that much poorer every year. Your liquid wealth today will be worth less than half as much in ten years time.

 

You will have nothing, but you will be happy - officially!

 

[spidermike007]

1 hour ago, TimBKK said:

Bullets as a commodity 555.  And if he wants to cash out…dark web?  

Very, very liquid from what I hear. High demand. Less supply. Just put out the word and they come running to buy. 

 

I am referring to the US, where ammunition is not regulated like plutonium. 

[KannikaP]

3 hours ago, sawadee1947 said:

Buy ETFs

In what ? A bit like saying 'buy shares'

[Dante99]

9 hours ago, spidermike007 said:

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

87, 2000 and 2007 the Dow drop was very much less than you are forecasting.  To suggest these years support your view is very misleading if not absurd.

 

 

[4MyEgo]

11 hours ago, wombat said:

Buy Gold...traditionally its the only thing that's kept pace with inflation 

Add to that shares in the minerals and the materials space, last 5 months with these 3 stocks has made me what I usually make in 12 months, happy days ????

 

[Hamus Yaigh]

Stock markets usually go up when interest rates rise so buy shares in profitable value driven companies. The boring companies like Berkshire will end up higher than any cash left under the mattress.

[Lucky Bones]

9 hours ago, shackleton said:

50%  of the money in shares UK

25%  cash in the bank UK

25% cash bank in Thailand 

Agreed.

A balanced portfolio with easy access.

[Onerak]

12 hours ago, spidermike007 said:

and the Dow dropping to 5,500. 

Never bet against America. - Warren Buffett. I religiously followed the advice and handsomely rewarded even during the 2008 crisis I did not pull my investment from US market and it was painful and scary initially. 

[sawadee1947]

1 hour ago, KannikaP said:

In what ? A bit like saying 'buy shares'

Msci world.

I thought you would know what ETFs are. Sorry. My mistake.

[olfu]

Reasonably you have to rely on your own which means have property with big piece of land ready to grow food.

[KannikaP]

1 hour ago, sawadee1947 said:

Msci world.

I thought you would know what ETFs are. Sorry. My mistake.

Exchange Traded Funds. Just as volaitile as any other investment

[natway09]

The sixty four dollar question

[ChrisP24]

16 hours ago, Sydebolle said:

Cigarettes, whisky and wild, wild women ......... 

The rest you can just squander.....

[ourdon]

Posted 23 hours ago

what would you do with your money now in uk, in times of recession, 

 

 

What money???

[Kinnock]

I recommend several different strategies to spread the risk.

 

1. Some in assets with inherent value - gold, silver.

 

2. Some in land or property.  The value of buying a house or apartment is that it can protect the capital and earn rental revenue.

 

3. Some in crypto - but not too much as longer term risk is unknown.

 

4. Some in shares of arms manufacturers - it's a dead cert growth area.  There should be a new 'non-ethical' investment portfolio covering armament, gas, oil and nuclear industries.

[rimmae2]

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. Don't know about the timing of it, but I see real estate collapsing by 50-70% worldwide, and the Dow dropping to 5,500. 

 

People are talking about a recession. A depression closer to 1929 might be more like it. This balloon has been pushed too far. 

Did you randomly select some numbers and the order of them when writing 5,500? JC of Bangkok or even Thailand.

[KannikaP]

12 hours ago, sawadee1947 said:

Msci world.

I thought you would know what ETFs are. Sorry. My mistake.

Exchange Traded Funds. Can be bought in almost anything. 

MSCI World is the top tech companies. 

[spidermike007]

15 hours ago, Dante99 said:

87, 2000 and 2007 the Dow drop was very much less than you are forecasting.  To suggest these years support your view is very misleading if not absurd.

 

 

Correct. The fundamentals were very different, we were not experiencing hyper inflation, rocketing real estate prices, and near record low interest rates at the same time. What goes up must come down. The stock market and the real estate markets correct from time to time. This time it will be massive. 

[EricTh]

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. Don't know about the timing of it, but I see real estate collapsing by 50-70% worldwide, and the Dow dropping to 5,500. 

 

People are talking about a recession. A depression closer to 1929 might be more like it. This balloon has been pushed too far. 

 

 

I have some silver bracelets/necklace but I can't seem to be able to sell it in Thailand. Why is that so if silver is more saleable than gold?

[spidermike007]

Just now, EricTh said:

 

 

I have some silver bracelets/necklace but I can't seem to be able to sell it in Thailand. Why is that so?

The market for silver here seems to be very narrow. I hear there are dealers in Chinatown in Bangkok? Likely for the jewelry trade. But, not sure if you will get market value. At this time, there is a significant premium over market value in the US, for silver bars and many coins, the demand for silver is that high. 

[Will B Good]

2 minutes ago, EricTh said:

 

 

I have some silver bracelets/necklace but I can't seem to be able to sell it in Thailand. Why is that so if silver is more saleable than gold?

Horses for courses I guess.....Thai culture is gold, gold, gold.

[unblocktheplanet]

On 3/25/2022 at 7:22 AM, Excel said:

Cocaine is cheap there too

Good investment, or too liquid?

[Will B Good]

Just now, unblocktheplanet said:

Good investment, or too liquid?

Thought it was a powder?

[Hamus Yaigh]

16 hours ago, Kinnock said:

Some in assets with inherent value - gold, silver.

What's gold and silvers inherent value? Are they currently undervalued or overvalued? ????

[Grecian]

Uk population will continue to grow. Uk citizens will never give up their dream to own. Buy a property in a growing city that has limited roads into the city. (Makes commuting in annoying and therefore helps sustain inner city prices) such as Exeter. Rent out will get a 3% to 4% net yield now. There maybe a correction ahead but if Exeter house prices aren't performing better than average compared to other asset classes in ten years id be surprised.

[Longreach]

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

people need to buy life essentials, not digital BS.