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August 8, 2022

Financials Matter

"It's Not Just About Finance"

Prepper Advice for Navigating Turbulent Markets

You gotta hand it to the Preppers.

When it comes to being prepared, they cover everything you could think of and a whole lot more.

Although their focus leans toward a darker side of humanity (i.e. Zombie Apocalypse, chaos, massive starvation causing people to become cannibals, etc.) their simplicity in planning is extremely efficient and impressive.

They even have well thought out plans on how to deal with a global meltdown in the financial markets.

They know if the financial markets implode and money becomes worthless then desperation becomes the norm.  They also know that the vast majority of Americans won’t survive some of their anticipated doomsday scenarios because they’re…well…not prepared.

Admittedly, some of my prepper friends are a bit on the kooky side but that’s partially why I love them.  And because they take their prepping seriously, they tend not to worry about the doom porn headlines about an oncoming Civil War between conservatives and liberals.

My one buddy accurately nailed it when he said:  “ummm, we have all the guns…they can’t even figure out what bathroom to use.”

LOL!

So true.

But let’s go back to how they prepare for turbulent markets.

One of their best ideas is to own AND HOLD gold and silver coins, preferably in small denominations.  They understand that if you don’t HOLD it, you don’t own it.  (Read about it HERE)

But here’s another logical reason preppers like coins:  Turbulent falling markets eventually settle down and reverse.  When that happens, you’ll want to cash in some of your gold (at a much higher price) and bottom fish for the best deals.

It’s not just “buy low, sell high” strategy.

It’s more like: “Give a man a fish and you feed him for a day.  Teach a man to fish and you feed him for a lifetime.”

Thanks, Preppers.

Learn how to fish better (HERE).

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