DWQA QuestionsCategory: Extraterrestrial Corruption of Human InstitutionsWhat practical advice does Creator have for preparing for the coming financial crisis?
Nicola Staff asked 3 years ago
There are many things written about dealing with financial catastrophe, all of which may be applicable depending on local circumstances and conditions. Maintaining as great an amount of savings as possible is always prudent. An investment in gold is the conventional catastrophe hedge because even with currency collapse, precious metals like gold and silver retain their value and so can counterbalance a portfolio quite nicely. Many financial advisors have been recommending for years now to have 10 to 20% of savings as physical metal, as gold because it is the premier chaos hedge being accepted around the world. In fact, the prime scenario of the interlopers is to arrange a financial reset of the gold price to make it catapult in value. This immediately makes those nations with large gold repositories, like China and the U.S., the most affluent and in a position of superiority. Those holding dollars under such an eventuality would be the losers. That is why it is important to position oneself in advance of an economic downturn leading to a gold reset as that will be pointed out as an inevitable and best way to reconfigure things to return to global stability of the financial system. Having cash on hand is also prudent because if the financial system locks up, there will be severe constraints on commerce and the availability of goods and services will be constrained, but people will still take dollars in exchange for goods they have available.