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Safe currencies for the next crash?
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iThinkThereforeIam Offline
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Safe currencies for the next crash?
What do you think is a safe haven for average Joe? RMB? RUB?

Has anyone done some research? Must not be overvalued and must withstand a global financial crisis. This only leaves already depressed economies that aren't reliant on the west and can't go down much further (Russia) or those with strong internally focused economies. (China at this point)

I'm really undecided. Some people like physical gold but it's not for me for various reasons.
(This post was last modified: 09-04-2019 04:07 AM by iThinkThereforeIam.)
09-04-2019 04:06 AM
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Pete Offline
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RE: Safe currencies for the next crash?
(09-04-2019 04:06 AM)iThinkThereforeIam Wrote:  What do you think is a safe haven for average Joe? RMB? RUB?

Has anyone done some research? Must not be overvalued and must withstand a global financial crisis. This only leaves already depressed economies that aren't reliant on the west and can't go down much further (Russia) or those with strong internally focused economies. (China at this point)

I'm really undecided. Some people like physical gold but it's not for me for various reasons.

I don't think fiat currency from any country is safe. It's all based on debt, like building a concrete house on weak soil.

Gold, btc, real estate, etc. Anything you can physically hold, retains value and is easy to sell.
09-04-2019 12:04 PM
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CaptainChardonnay Away
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Post: #3
RE: Safe currencies for the next crash?
You sound like a complete noob. Do the whole free Babypips course online and you will have the answer to your question. Keep in mind that it's a beginner course and that you will need to continue working on your skills and put together the whole big picture afterwards. If you can't do the whole free course then just forget about currencies all together. Forget about RMB and RUB.
09-04-2019 01:03 PM
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Deepdiver Offline
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RE: Safe currencies for the next crash?
One of my better investment advisory services with a bit of an SHTF mentality really likes the now TIAAbank baskets of commodity currencies in case the USA Dollar is Reset by Trump and the Globalist traitors try to take him out in the process leaving us with an Argentina or worse Venezuela Mad Max SHTF economy. https://www.tiaabank.com/investing/currency-cd-baskets Scroll down for all of their various CD baskets of currencies with explanations of what is included in each.

I also over the years amassed a small horde of USA Pre 1964 Silver coins, WWII 40% silver nickels, all types of Dimes, Quarters and Halves plus newer 1oz .999 Pure US Silver Eagles and .999 Canadian Dollar Silver coins and .9999 Pure Canadian $5 Silver coins. Silver is in impulsing wave 5 with more room to run from its most recent "W" bottom (20 May 2019). In any SHTF scenario people will buy or accept these real USA silver pre-1964 coins for either their silver melt or even numismatic rarity value without fancy chemical sliver assay testing that can ruin a coins patina.

6 Months expenses cash on hand is also a necessity plus some cash to buy bargains (Guns, Ammo, Tools, Trucks, Equipment) for 5 to 10 cents on the dollar when they liquidate to get cash for food and medicine since they did not plan ahead. Fortunes are made when blood runs in the streets.

Only buy stuff that will dramatically rebound in price when the economy recovers.

https://www.tradingview.com/chart/SIZ201...Extending/

Silver has surged dramatically in the past few months after completing a Classic W pattern bottom.

Silver is now in the process of retesting its $21.00 USD per Troy Ounce high of 11 August 2016 then eventually $50 high of April 2011. Keep in mind a lot of this is panic buying out of both Hong Kong and China and the market Tests and Retest previous highs and lows when going up and coming back down.
https://www.kitco.com/news/2019-09-03/-S...alyst.html

In an SHTF scenario silver coins are useful to buy gas, ammo or groceries/garden supplies and are far more practical than Gold coins which are better as a longer-term store of value along with the better cryptos BTC, BCH, LTC, Monero, Stellar, EOS, Cardano - be careful with Ethereum tokens as they are under technical and market share attack by both EOS and Cardano.


###

Deepdiver - Nuke Boats Forever!
"You do not have to be a perfect person to be a perfect PATRIOT!"

Official Whitehouse.gov President Trump's achievements: https://www.whitehouse.gov/trump-adminis...lishments/

Communist Freaking Red China's Plan to Undermine the USA and the West:
https://www.whitehouse.gov/wp-content/up...18-PDF.pdf

The Naked Communists 45 Goals for the USA:
https://www.beliefnet.com/columnists/wat...-1963.html
(This post was last modified: 09-04-2019 02:11 PM by Deepdiver.)
09-04-2019 02:02 PM
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