This might have been beat to death in some places. I've not read every thread. If it's already been beat to death, please point me to the place of beating so I can go read.
What I'm getting at is this. If someone happened to have some cash now, (I'll throw out a hypothetical amount of $50k, and that IS HYPOTHETICAL), sitting in a savings account right now, what might be a way of protecting the value of that cash?
I KNOW one of the first answers that will come up. And I'm not trying to discount the validity of it, just don't wanna drag it over 62 pages of comments. Gold and silver. That is noted.
I also KNOW one of the other first answers that will come up will be Guns and/or ammo. Also, I won't discount the validity of it, also don't wanna drag that one out over the same 62 pages of comments. That is noted.
And now that we've put those to rest, what are some of the next things on the list?
I heard someone online, a fellow homesteader, mention land and livestock. Land that's paid for would seem to make sense. Livestock would seem to be good in that it can reproduce itself. It's probably one of the oldest ways this world knows of preserving or even growing wealth. I'd certainly be open to comments in those regards.
The kinds of things related to food production seem to make sense. Basic equipment related to the actual tasks one would do to do said production, such as powered equipment (no, not thinking of big ag kinda stuff, more minimal to be practical but big enough to be useful), some quality hand tools, perhaps a stock of plastic for protected growing, all the way from high tunnel to small cold frame, and seeds of many kinds. There may be more you'd suggest.
A good supply of canning / freezing kind of stuff would seem like a prudent idea.
Having at least a minimal solar array and battery bank along with a decent inverter and that type of equipment would seem like a good idea.
Having a wood stove might be a good idea if wood were easy to get. (Might be here, might not be for people in other locations.)
I can appreciate a stock of stuff like toilet paper but being realistic, I'm not sure how far I wanna go with that.
So whatcha think beyond that? Or in addition to that? Or along those lines, expanding it a bit?
I kinda don't think that having a lot of cash in 2021 is gonna go well for those who might have socked away that nest egg. I could be wrong. But what would such a person do?
Would love to hear your thoughts!
What I'm getting at is this. If someone happened to have some cash now, (I'll throw out a hypothetical amount of $50k, and that IS HYPOTHETICAL), sitting in a savings account right now, what might be a way of protecting the value of that cash?
I KNOW one of the first answers that will come up. And I'm not trying to discount the validity of it, just don't wanna drag it over 62 pages of comments. Gold and silver. That is noted.
I also KNOW one of the other first answers that will come up will be Guns and/or ammo. Also, I won't discount the validity of it, also don't wanna drag that one out over the same 62 pages of comments. That is noted.
And now that we've put those to rest, what are some of the next things on the list?
I heard someone online, a fellow homesteader, mention land and livestock. Land that's paid for would seem to make sense. Livestock would seem to be good in that it can reproduce itself. It's probably one of the oldest ways this world knows of preserving or even growing wealth. I'd certainly be open to comments in those regards.
The kinds of things related to food production seem to make sense. Basic equipment related to the actual tasks one would do to do said production, such as powered equipment (no, not thinking of big ag kinda stuff, more minimal to be practical but big enough to be useful), some quality hand tools, perhaps a stock of plastic for protected growing, all the way from high tunnel to small cold frame, and seeds of many kinds. There may be more you'd suggest.
A good supply of canning / freezing kind of stuff would seem like a prudent idea.
Having at least a minimal solar array and battery bank along with a decent inverter and that type of equipment would seem like a good idea.
Having a wood stove might be a good idea if wood were easy to get. (Might be here, might not be for people in other locations.)
I can appreciate a stock of stuff like toilet paper but being realistic, I'm not sure how far I wanna go with that.
So whatcha think beyond that? Or in addition to that? Or along those lines, expanding it a bit?
I kinda don't think that having a lot of cash in 2021 is gonna go well for those who might have socked away that nest egg. I could be wrong. But what would such a person do?
Would love to hear your thoughts!