When TSHTF, Where Do You Want To Have Your Money?

Overnight said:
If the shit were to really hit the fan, you want your money in ammo, water and food. That's all there is in a Mad Max scenario.
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There are levels of SHTF

Check out my posts

China, the inability to access retirement funds, per Bloomberg

Lebanon, 90% crash of the currency, unable to get money from banks, they are burning the banks

Argentine peso collapse - Michael Saylor has explained you could not get a hedge in the stock market which was priced in the local currency, only people who did not get hurt were the ones who converted to $

I read something about in the UK there were issues with cash withdrawals from the banks some time ago (don't jump on me, not from there, just read stuff here and there)

Nigeria, Venezuela

Afghanistan, good luck with your guns and ammos fighting professional fighters


Just exactly in which of those SHTF scenarios could you use your Mad Max contingency?
[edit: I'm not against having ammos ready, I have 8 clips that are fully loaded since beginning of the year, plus boxes of ammos, got them a while back, but would rather not have a dire scenario or anything close to it]


And people saying buy VIX calls or short positions for as hedge, those are not SHTF scenarios you're preparing for, that's like when Uncle Jerome has diarrhea and did not get a chance to turn on the money printer go brrr
 
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@themickey

How's the situation in Australia? I read that military helping out with covid stuff

France protests everywhere, anyone from France preparing for SHTF or it's all good, same as any day that ends in y

Any Taiwan residence preparing for SHTF?


I'd say buy bitcoin and prepare to leave with your loved ones, but I'm biased...
 
Overnight said:
If the shit were to really hit the fan, you want your money in ammo, water and food. That's all there is in a Mad Max scenario.
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yea hard to tell from OP if he is just referring to market crash, or total collapse of society. Agree with you though...since presidential election season some ammo quadrupled in price and hasn't really came down much. The bartering potential post collapse would be much better with ammo than with gold IMO.
 
Scataphagos said:
1. Cash
2. Long $USD
3. Short stocks or long inverse ETFs
4. Short-term government bills/bonds

If you're not already tuned-in to this, perhaps it's worth a sticky on your computer monitor.

FWIW...

KISS, baby.
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NUSI etf
 
zghorner said:
all day my man.

now depending on what level of SHTF @Scataphagos is talking about...it might be a good idea to cash out the initial UVXY position (or at least some of it) and place into various crypto coins. BTC, ETH, ADA, etc...

I know you're not a crypto guy but I think it is here to stay.
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I wasn't thinking Mad Max Beyond Thunderdome... just a financial SHTF from which we would eventually recover.

If Mad Max, financial assets likely won't be worth squat. Hard essentials would be valuable, though. (Guns, ammo, food, water, tequila, etc.... )
 
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