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Ms. M's avatar

Serious question: What would you suggest we do with our money? Time to empty your bank account? Dig a hole in the ground and stash it there? Is there anything left to invest in as a normal citizen?

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2nd Smartest Guy in the World's avatar

I am not a financial planner, nor am I qualified to offer any advice, but dollar cost averaging into metals and defi crypto would be better than digging a hole and filling with fiat since inflation is stealing the value of said fiat by the millisecond.

I will write about defi crypto at some point in the near future.

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Potatodots's avatar

Interesting!

I look forward to your post on this.

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May 4, 2023
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2nd Smartest Guy in the World's avatar

I have no relationship with this dealer, but they are reputable: https://www.apmex.com/

There are also many honorable dealers that you can source on IG.

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Gavin Mounsey's avatar

I have concerns with focusing on cryptocurrency (or money in any form really) as the means to resist tyranny and/or plan for resilience in the face of inevitable economic instability (rather than focusing most of our time and energy on connecting with Mother Earth to produce the food and medicine we need) as I feel that while gathering money/cryptocurrency to pay someone else to grow/gather your food is more convenient than learning how to grow it your self there are certain situations in which having money or cryptocurrency would not enable you to get food.

Diversified hard assets, cash and cryptocurrency are great, but those things do not have intrinsic value, thus their value in a survival situation pales in comparison to food cultivation, foraging and preservation skills.

Hard assets (whether cash or gold or food stores anything else) can be stolen from you and events can be brought about by humans (or happen naturally, see https://gavinmounsey.substack.com/p/preparing-for-the-100-year-storms for more info) that (even in a best case scenario) would render your cryptocurrency inaccessible and useless for long periods of time (EMPs, CMEs and/or some kind of Digital ID/Internet Drivers license requiring biometric scans to access internet).

Knowledge, skills and experience related to food cultivation, foraging and preservation cannot be stolen from you however, and thus it has intrinsic value as it is applicable and accessible in any and all situations.

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