Basically, if you keep assets, the government is going to tax the piss out of capital gains. If you keep cash it will be devalued by lack of purchasing power and zero accruing of interest. Crypto is unstable and easily attacked. Gold and silver are tough to store.
There’s no good answer. We’re between a rock and a hard place of total economic anarchy and hyper inflation.
What I’ve done is made all moves to pay off any debt, including my mortgage, and buy land. I can’t claim to be wealthy by any stretch, but it’s my feeling that minimization is key to surviving this debacle by lowering or removing risk.
So where should we put our money to avoid the hyperinflation bug? Crypto? Gold?
Basically, if you keep assets, the government is going to tax the piss out of capital gains. If you keep cash it will be devalued by lack of purchasing power and zero accruing of interest. Crypto is unstable and easily attacked. Gold and silver are tough to store.
There’s no good answer. We’re between a rock and a hard place of total economic anarchy and hyper inflation.
What I’ve done is made all moves to pay off any debt, including my mortgage, and buy land. I can’t claim to be wealthy by any stretch, but it’s my feeling that minimization is key to surviving this debacle by lowering or removing risk.
Ammo it is then!