CLICK HERE TO JOIN THE DISCUSSION!
Thousands of our readers have now completed our emergency survey on Congress — and the results are closer to unanimous than anyone ever imagined.
More than seven in ten readers say that the Special Committee will absolutely, positively FAIL to produce a deficit-cutting plan by November 23.
More than eight in ten say that, if by some miracle, the committee did agree on a plan, there’s no way Congress will pass it.
And roughly nine in ten agree that the result of Congress’ failure will be catastrophic:
>> The downgrades of Uncle Sam’s credit rating that Moody’s, Fitch and S&P have been warning us about …
>> The beginning of a new, far more devastating phase of this horrific recession …
>> Soaring unemployment and plunging household income …
>> A stock market catastrophe far greater than the 2,000 point decline we saw when Washington’s credit rating was cut last August.
Now, I have a new, even more critical question for you:
What are you doing right now
to insulate yourself, your family and your money
from this looming stock market bloodbath?
Mike Larson and I will give you our recommendations in just a few days. But first, we want to give you the opportunity to share your ideas with our readers.
So just click this link to leave a comment and join the discussion: Share your best ideas and maybe pick up a few new ones from your fellow readers.
{ 99 comments… read them below or add one }
Why does the opinion of a few thousand people make a ‘looming stock market bloodbath’?
We have put a large majority of funds into physical silver, Gold , Gld, and DGP. Are funds safe at Fidelity??
with things being so uncertain, cash, rock solid assets in real estate, and a little gold and silver and a few key stocks
I have been putting my savings into precious metals, especially silver, and in other commodity-related investments. Generally I am moving out of dollar-denominated assets as much as possible.
Will keep some of my Oil and Gas MLP and put my cash in a better currency than the dollar.
Keep us appraised with top currencies to invest with the dollar
I have been following Mike Larson’s Safe Money and Safe Money Crisis recos as I believe this
market will go down and unfortunately, the Euro will not make it as a ongoing currency.
Metals, other Commmodies esp foods, mining stk. foreign currency, Strong Dividend stk
I have continued to increase my personal knowledge of and experience in the markets. Given the uncertainty and trendless direction in most markets, I have shortened my time horizon. When a trend does emerge, I will begin to expand my time horizon and position myself accordingly. I have expanded a portion of my portfolio into commodity instruments. I have expanded my knowledge of the rewards and risks of options. In general, I am positioned to better able respond to market conditions today than I was three years ago. I won’t be perfect, but I know that I am not going to stand idly by and watch my overall portfolio drop 20%, 30%, 40% in value.
I agree completely with the results of the survey so far. I think we will see more bank failures. The banks left are hanging on to money and will only loan at a higher rate than the fed is paying them.
Martin,
Everywhere we look seems just so depressing. The markets are a mess very sensitive to events beyond anyone’s control whether you are in Europe or North America. I guess we have some refuge in inverse ETFs as the Euro declines and finally gold. I am getting some good returns ( over 6% per month ) in fine French wines for investment with auctions in the Far East selling these wines for more than five times the initial investments of a year or so ago. Not the usual investment instruments but worth a look. Anyone interested can contact The London Vine here in the UK for example.
Cheers,
Wayne Hopkins
The news is vague and the market reaction irrational. What I hear one week completely changes the next week. The media, economy and the market all need to be insitutionalized. Throw Europe into the same cell. It is hard to make decisions with inaccurate or false reports.
I see a period of deleveraging. MF Global is the first victim. The goverments can not stop this cycle.
Very confused. I have some gold and even more silver coins, considerable number of I bonds and EE bonds, which seem to be relative safe, until Gov. defalts at which time forget every thing, buy a watch dog, have lots of shells for my shot gun and then stay very close to home.
For financial preparedness we did the following:
50% of our portfolio is in precious metals. Half of that is in gold and silver coins, the other half is in physically backed precious metals ETF’s.
30% of our portfolio is in t-bill only funds.
20% is in inverse ETF’s such as EUO, SJB, etc.
We moved our personal bank account from B of A to Schwab Bank.
We moved our business bank account from US Bank to a credit union with a better Weiss rating.
Bases on Weiss ratings, we switched our malpractice insurance and earthquake insurance carriers.
For personal preparedness, we purchased emergency food, water, and other supplies such as a generator. We hid our gold and silver in our home and then put a decoy safe with a few thousand in coins and cash, as well as some fake diamond jewelry in our master bedroom closet.
That’s about it. I look forward to hearing the ideas of other readers.
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Sounds like a winner. Drink all the wine and maybe when you sober up the world will be a better place to live in.
We have no mortgage; we own our home. We have no debt other than monthly credit card debt. Silver and gold are in the safety deposit box. Plenty of cash is in the bank; other monies are professionally managed; conservatively in various mutual funds; mostly those with offshore emphasis. Lots of food is stocked up and rotated; plenty of water is on site; arrangements have been made for water from a well source if things collapse. AND, WE ARE KEEPING OUR POWDER DRY. Next item to take care of is back up power; a generator system; that will be discussed next week. And, we watch the market with anticipation and concern. When markets react to every bit of so called news daily and not on fundamentals, one has to be concerned.
Over the years I have found that a sitution is seldom as dark as the pessimist fears nor as bright as the optimist hopes. The same can be said about a new person comning into power.
I am originally from Canada and most of my financial accounts are there. I am heavily invested in gold and silver miners there, also rare earth elements. I believe that my Canadian government pensions are relatively safe, since the Canada Pension Plan actually has a large investment account. In addition to this Canada does not have and could not afford Goldman Sachs, Fannie Mae, Freddie Mac, or the cleverly-misnamed Federal Reserve, which keeps the budget under control.
I am trading and further developing a strategy to trade stock averages which gets better results when volatility is high. I expect it to do well in the next couple of years.
I have 19% gold, 19% silver, 7% inverse ETFs, 3% in a money fund, and the rest is in cash with which I do periodic very short term trades.
I have pulled out of the stock market, about 75% of my portfolio. I have purchased some silver.
I also moved my money to money market funds out of exposure to the market.
I have put away food, I grow a lot of my own food.
I have investment real estate that I would like to sell but buyers can’t get loans.
A book that has been helpful in this time is “Your Money Or Your Life”
Two questions, how much silver do you recommend to get through this transition time?
Is sell my real estate and acting as the bank a good idea? (hold the paper myself)
Thank You
The only thing that will be sheltered in my opinion is Gold. It’s funny to me how many people still question it’s ability to protect and provide a hedge, but the fact that it is the only thin that has stood the true test of time. People have used I for money for 5000 years. If you take a closer look at the history of gold the only thing that keeps it down are BANKERS because they can’t use fractional banking with gold. Bankers are the root of the problem along with Walstreet. Every single time throughout history that bankers have used fractional banking it has lead to a destruction of that currency at some point in the future. The only job of a bank is to HOLD YOUR MONEY PERIOD! Gold will always be the only real form of money because it cannot be manipulated!!!!
When everyone is expecting one direction the other usually happens. We have been waiting for the market to drop further but the oppisite is happening, 2012 is an election year and the market usually goes up in an election year.some how some way both europe and the US have managed to prevent a melt down and the market hasn’t fallen off a cliff. I believe we have alot of upside potential in the next year. Will the market fall of a cliff?? I believe it will but not until the dow has gone over 13000.
I am paying down any debts and buying gold and silver. I am carrying on with my business which is working quite well at the moment, but preparing for the worst. So I have long term plans for my business, because giving up is not an option. I am a fighter. But I am not going down with the Titanic.
Gold & silver 30%, reverse ETF 7%. The rest in cash. Have the water, food emergency supplies. Guns and ammo have always been in our home. Apart from self defense we just like to shoot. Did stock up a little more than usual on ammo though. If it ever got to the really bad scenario I think ammo would be great for trading. I rather give out some ammo than my gold. Waiting for the stocks to really crash before I jump in. Hoping for the best preparing for the worst.
I follow through reading Weiss teams from Safe Money, Real Worth, Global Profits, Asia Alert, and Divendend Superstar and few other financial newsletters to compiled together a portfolio with the mix of what hopefully can weathered out the wild market ride. I learned stops and trailing stops is a necessity to reduced risks and protecting against significant losses. I keep my accounts in Weiss Rating’s strongest banks. We are venturing into the unknowns with no guarantee of success no matter how well prepared we thought to be. All is in the hand of God because He’s in full control.
The last several months I have traded options in wich I have done well at times the market giveth and taketh away. The best of the option trades have been gold, silver, oil, and
commodies. I might say I use the Master Trader some but not all my trades.
Billy J. Malcom
Hi Guys-
In a time of high market turmoil, and retiring in Dec of this year my nest egg, which I have worked dam hard to save up these past 30 years is foremost. Safety AND growth is what I am seeking. I have found a conservative mix of dividend paying stocks and quality bonds should serve me well. I probably won’t need to crack this nest egg, but I will take 12G out of it ach year to fund a roth for my wife and me.
That will be the bulk of the egg. A smaller portion will be in REITS small caps, international etc (10-15%) for some at-risk growth.
Many “advisers” want to help me manage my money, but to date only 1 has shown me that his performance would out perform his expenses. (In sgort, he should make me more than he will cost me, based on past performance). Kuddos to him, but that doesn’t mean I’ll turn over my nest egg, or a portion yet. Hell, I’m not retired yet.
Don’t Panic
security is ever elusive in this sinful world. My main focus is staying warm, dry, and fed. And it seems that soon money won’t be a help for any of those.
The main thing I have done over the years is to be diversified. I own gold and silver, real estate (which is all paid for) , stocks, bonds, mutual funds, annuties, and insurance. My biggest complexity is to figure out where to put my money if I cash in some of the investments. I have considered putting money in some foreign banks but have never pusued it.
My biggest fear is not knowing exactly where things are, thats where hard assets like real estate , physical gold and silver, and cash are the most desireable to have.
Global economy, high indebtedness of US, demographics of emerging economies, erosion of USD and future loss of reserve currency status. The foregoing suggest the following investment themes: 1. diversify away from the USD by way of currency pairs / ETFs and debt denominated in local currencies, such as (ALD),(AWF) and (BONO); 2. gold, silver: some physical and some funds and ETFs, such as (PRPFX), (GG) and (GDX); 3. hard assets -food and agriculture (DBA), (MOO) and (POT) — energy, such as (AMLP) and (ICX); and 4. “aristocrat” dividend payers, US companies with strong global growth, such as (JNJ), (PG) and (INTC), and foreign companies with strong global growth, such as (POT).
hard asset commodities–gold and silver
Canadian Banks, cash on hand Diesel generator ( overhauled military 5 KW ) heavy duty
MRE, water purification etc small 1/10 oz. Canadian Maple leafs gold coins
vacation home in semi rural area
I/ we have been expecting and planning for this crash of all crashes, the thought of it is so fearful, especially for those of us who have worked hard and connived and saved to accumulate enough money to retire comfortably.
In 2008 I was a millionaire, had large real-estate assets, a good investment income, plus Social security plus my small Lithographers pension. My wife has SS & a nurses pension.
Today my RE income has been decimated, yes, 10 cents on the dollar, and my pensions just barely get us by, but with careful spending, we have barely touched our remaining savings.
We are living a very frugal life style, but still have equity in our home and liquid capital. Very little money in banks, just checking and a small savings account, but we still have our faith in God, we are not starving, we have our home, we don’t owe any bills, and we are not wasting away our liquid assets.
Since I am prepared for this debaucle, I wish it would come soon!
We are planning and expecting the meltdown very soon, wish we could pinpoint it.
The plan is to invest in Puts on the SPX options, and let the crash go wild.
This is a heck of a way to finish your life after so much hard work.
Anonymous (If this is to be published I don’t want my name printed)
If the government officals like the Forest Service or BLM, EPA, get off there butts and past the Plans Of Operations for the Small Scale Miners this would help a lot in the local enconomy. There is over 350,000 of us. It has taken 10 years to get mine ok’ed. So I was govern on how much material I could process in a mining season. Currently I produce over one ounce of GOLD a day, not count the Silver and Platium for a small scale that’s not all that bad. My mining season is May thru October. So the way things are going I am paying off the house with my pension and be free of debt. live off the 401K and keep working for the man until I retire which is very soon. I have medical covered and cash in a good spot.
I am waiting for Larry Edelson to give the buy signal for gold and silver.
I have a small acreage to grow garden produce and grain for livestock, enough to eat.
I am going to hook up my welder=generator for electrical power. On natural gas.
Water will be the biggest item to keep and store.
Canning and juicing for food will be necessary.
I grew up on a farm. I remember how things were coming out of the 1930’s.
I sold almost all of my US stocks. I am still holding a few Asian stocks recommended by Tony Sagami. These are all in the negative relativer to the price I paid. Am putting monies I got out of the stock market into I bonds (up to the limit) and then into short term CD’s.
WHY?
because they are EDUCATED, unlike MSM and CNBC pundits. ie–they THINK!
I love owning gold and gold related investments but I am concerned. Looking back through charts to the 2008-2009 debacle I see that gold fell almost as much as the rest. That kinda makes you worry about gold as a safe haven. Given history and with the prospect of a financial meltdown creeping ever closer, I am keeping a close eye on gold as it goes higher at this time but with a weather eye on an imminent melt down which would happen very quickly and very destructive.
History says that while gold may recover quicker than most it will also fall badly. So I watch and wait to get out with more profit and watch for a fantastic buy opportunity as it comes along. Short gold on the way down? Well, I guess you could short just about anything at such a time!
Sold most all stocks except commodities and energy. Have three years expenses stashed in cash and or waiting a commoditeis pull back. Zero debt is a big factor
imy have already shorted euro&UDdollar. in addition the bear funds at this point occupy most of my porfolio,so when the market goes down i am up and if themarket goes up i am down. fondly reza.
We’re certainly living in scary times. I plan to reduce my cash holdings by investing most of it in those commodities and funds recommended by Larry, Sean and Tony. I have a lot of faith in these guys. I like precious metals, mining stocks, and certain Chinese opportunities.
With Ben Bernanke playing games with his printing press, I expect the dollar to tank against other world currencies. I expect the European financial tsunami to soon hit our shores to further compound the mess created by Congress. After I’ve made my plays, I’m just gonna hunker down and pray for the best.
Buy GOLD and SILVER.
I am getting my home ready to try to sell; it is paid for. Plan to move to 2nd hone (also paid for) which is more rural. Have everything in place from previous preparedness plan (y2k). Sell home #1 to conserve cash for increasing expenses (utilities, taxes, insurance, etc..) Nothing in stock market (except 401k?) 90% of what I have is in precious metals, in my possession, in bank sdboxes. Don’t know when to sell any of it? I worry about my $ in the bank…will I be able to get it out when I need it? I keep zero balance on my credit card (pay off each month.) I fear that owning precious metals may give me problems when I actually need the cash for them, but am more concerned that if I were to cash them in I wouldn’t have a safe spot to invest the $ into. So I hang on, watch the news, read everything I can, keep working on getting my home ready (custom built home) and worrying that the longer it is off the market, the less chance I will have of selling it later, as I believe this ‘crisis’ is going to be far worse by next spring. I have learned a tremendous amount of info from Weiss, and will continue to do so. I also read a few other newsletters so that I can have what I believe is a ‘balanced’ view.
And that was a ramble.. Sorry. My late husband was a wizard with all of this, but not me!
You are correct, Charles K. I have the privilege of hearing a lot of leading execs and political figures speak at various events and what they say – and have been saying since Spring 2008 is a far cry from what the daily media is reporting. Not one of them, regardless of their political inclination or nationality, has said we were going to come out of this “recession” any time soon. Yet the media was reporting “green shoots” in March 2009. At recent seminar representatives of the World Bank in Hong Kong said they didn’t expect an upturn in the U.S. economy until 2014. We have a lot to sort out before we can expect any solid improvement.
Further, while the Asian economies are growing quickly, don’t expect them to bail us out. They are still significantly smaller (even China) than the U.S. and western Europe. And they have their own problems. China is wrestling with inflation, a host of dicey business loans (many made during the 2009 stimulus program) which could become very problematic. Not mention an overall very delicate balancing act as the nation transitions from the third world to become a modern nation. My advice – tread carefully.
I would like to get on board with the things you offer but can’t afford the >$2000k for anything with buy sell advice. You need to offer something that is in the 200-500 for those just starting out so that we can insulate ourselves and benefit from your expertise. I don’t believe the government is going to do the right thing and CUT spending, they are an alcoholic or drug addict that can’t get off drugs of overspending until it kills them bring us down with them. The other problem is that we the people keep electing these spend stupid people so we are killing ourselves!
Twenty five percent gold mining stocks, and five inverse ETF’s. ZSL, GLL, SPXU, EUO, TMV, and the balance in cash per Larry Edelson. While I subscribe to several investment advisor services, Larry’s recommendations are the only ones that I will put money in.
I have lived in Mexico since 2003.
I have no real estate in the US, but do own real estate in Mexico (my 6500 ft sq residence), and commercial real estate in Singapore and China.
My gold is in Zurich, and I’m offshore with many investments.
I would never again live in the EE.UU.
I have short option positions in bank stocks, financial ETF’s, stock mkt. ETF’s, and real estate ETF’s. If the stock mkt. drops severely, I expect gold to also sell off temporarily, so I am short gold and the Euro.
Michael T.
Gold, oil and natural gas seems to be an investment that may cover the spiraling down trend of the dollar. Failing governments are notorious in trying to save them selves first. This is only a concern with gold.
The government has done everthing possible to force people’s savings into the stock market where they can be plucked like chickens. The only people that can’t afford higher interest rates is the government and people that sp
end like them (at someone else’s expence).
For the “Short Term” TWO very essential things… …stockpiling plenty of food and a great source for fresh filtered water.. {to be able to physically survive “whatever” is going to happen} …have already “lost” most of our retirement funds because of the shenanigans by our politicians and the “stock market” professionals… …for the “Long Term” I Don’t Panic… …mainly because I’m doing a lot of Praying… …Yes!!! He’s in full control of all of us… …and, WE ARE PEACEFUL but also PREPARED by KEEPING OUR POWDER DRY. Read “The Creature from Jekyll Island” for an understanding of the Fed Reserve.
My question is; How do we survive in an environment of chaos, such as
exist’s in Greece or possibly, god forbid, maybe much worse?
I am downsizing my portfolio. Selling anything that has a profit, holding only things I want to hold forever.
My question; How do we survive in an environment such as exists in Greese,
or god forbid, maybe even worse, assuming a complete failure of legislature and the
president to address this out of control gov. spending ?
Hold any cash you dont need for normal living expenses in a currency which will maintain its value such as Norwegian Kronor. Minimise your dollar denominated stock holdings, but don’t sell your long term well run blue chip stocks. The dividends will still keep rolling in from these. Keep 10% of the value of your portfolio in gold (preferably physical bars or coins). The dollar can only get weaker over time because the authorities have printed gazillions more of it. Make sure you are diversified geographically and by industry. Keep clear of banks. Buy agriculture and water ETF’s. The world needs more and more food and water to satisfy its growing population. It also needs more energy and although the Japanese are anti nuclear energy because of Fukishima, most other countries have nuclear energy plans already up and running. There are over 50 reactors currently being built so buy a little uranium and one day it will repay you handsomely. If you need more income from your portfolio, think of buying the corporate bonds of only the very very best companies such as Roche (Huge Swiss pharma). You should get in excess of 4% and the market for them is very liquid.
First….We are retired now. We married late in life, after our respective spouses’ passed, about 5 yr ago. For “different reasons”, we are BOTH very situation aware, and “Be Prepared” oriented. We have dumped most of the baggage of joining two households, excess rolling stock, duplicates, etc… We are NOT in “the market” – but, stay aware since this indicator and others overseas are the “visable edge” of this cliff we are all racing towards…Euro ahead of the USA at the moment!
We are “debt free” save monthly accounts. We have 20 ac. of the Rocky Mtn’s for our “home place”. (To high in altitude for “growing” much of anything not native!) We are 5 miles “back in” from the main/paved road, amoung other 20 ac. parcels, on private roads “off of” a main forest service/BLM access road -which we plow-out during our winter…it’s been 11 deg f. here already!
Our ISP is Sat service, Direct…as is our TV, which we rarely watch…mostly Hockey games. Our electric power is buried lines and comes 95% from Bonniville Dam at very low rates. We heat the house/radio shack with LPG and the shop with wood – a wood burner will be added to the house next spring, if “available” then. Our well is 220ft deep and is rated for 25 gpm rates.. We stock gas for our generater(s) so we can hang on to our frozen food for at least 6 mo, and continue to use our radios for communications (ham radio). We have “some local deer” here too.
We have decided, about 3 yr ago (does 2008 ring any bells?)..to be really prepared. Yes, we have our guns and a well stocked ammo locker – but, we also have a well stocked “reloading shelf” too. We have the ability to power our electric needs by the simple removal of the meter, and back connection from the shop mains at 220v AC. This insures our WATER source. (A PV cell, inverter, battery bank is designed and on the “to do” list, as well). Our basement is always “stocked” with normal foods – enough for 4 to 6 months minimum… AND, we now have over a year’s supply of dehydrated foods as well.. And, we have a BIG SAFE in the basement for any cash on hand as well – the checking account is kept “low” by design.
The concept of “barter” is very easy to grasp, if you have ever traveled overseas and went shopping. The “use” of gold/silver for this might be of use for a short period of time, or for large items (a gun, a drum of gas, etc)…but, very soon, the need for FOOD and WATER is going to become the normal trade…and, in smaller amounts…single shells for a gun caliber you “can use” may make more sense – as will similar items, i.e., a small jar of honey for, say, 5 lbs of meat, etc.. Do your own “what if’s” and then plan and stock for your choice of paths.
Those of you in large cities, even the suburbs…should consider establishing an alturnate living site away from such gang infested areas…sometimes called a “bolt hole”. something as simple as some undeveloped land with even a rough road access, where you can spot a “used/cheap” trailer. And, IF you decide to do this, also plan for your exit now…when there is no pressure/troubles..establish your own set of “trigger points”… IF you don’t leave “soon enough” you may find that you CAN’T LEAVE AT ALL… It may be better to “take a few days off” and make the move “on the come”, rather than waiting to long/late!..you can always come back into town and just charge the few days off to your vacation/sick leave, eh?.. DON’T figure on TAKING everything with you when you leave!..Have what you need already there!.. You may have to leave directly from work – or school – no time to “load-out” anything…or, family members may be scattered and need to make their “own way” to a rally point for pickup, etc… Do the “what ifs” !!.
Survival is at least 75% MINDSET and 25% ability… IF YOU CAN’T THINK THEN YOU CAN”T LIVE LONG… Self education materials are every where in writing and videos…
Now…that covers the “worse possible” side of things… Pray it doesn’t come to pass in America. But, you can be ready IF… As for daily living during these times… remain cash heavy.. DO consider having an overseas bank account/lock box…CANADA should come to mind!.. you can drive there and their banks are NOT under our Fed control!.. Their currency is now near par again.. (last check). You can hold funds there in USD as well as CAN$…Check out holding some of your gold/silver in their vaults — maybe even use a “resident” trustee?? (Remember the green door banks?).. Stay out of BONDS… Preferred shares in Energy that pay a minimum dividend might look good too… These are “preservation” of capital ideas/opinions…Look to Martin and his merry band of money makers’ for the other side of the coin…
And, in all cases, may God bless your home and loved ones with his protection.
Hi Martin,
Am keeping reasonable amount incash—keeping core precious metals—keeping existing div. paying stocks. No debts. Will not buy anymore stks. till outlook becomes clearer.
Denis
.
Gold, gold, gold!
My wife is extremely afraid of investing in physical precious metals. Perhaps she may be listening to her bridge ladies or her stock broker. Hence as much as I would like to I have no physical precious metals investments. We have a small portfolio with several hundred thousand dollars invested in precious metals mining and royalties; oil and natural gas well service, extraction, royalties and distribution; other minerals and agriculture. The prices of these common stocks have fallen nearly 30% since March, 2011. I am holding on.
The capitalist system as each and everyone of you know it will cease to exist. Everything that you grew up believing in ,honesty,integrity,
true patriotism,and the persuit of happyness here in the States has
been slowly ripped from you by greedy,evil politicians and corporations. We have become fodder for the State especially as we get older and are easily replaced. Our younger generation has been
messmerized though the use electronic gadetry and shows like the Jersey Shore and haven`t a clue with what is going on except when they realize they can`t get a job they thought was coming to them.
Listen up America, we are at the cliff and you have to decide if your ready to jump or turn around and fight back. I believe OWS is a good start, WIKILEEKS is getting the info out about how our handerlers have planned our futures. And it certainly is no picnic.
The financial system could implode at anytime,2008 was a farce that the government bailed out the banks and left all of us holding the bag. They are getting ready to do it again right after we help bail out Europe a second time. Our entire Congress is more interested in being re-elected than doing their jobs. All but a few like RON PAUL
and KERCENAGE. Sorry if spelling is off.
You had better just buy physical Silver and Gold and get out of everything tied to paper. THis could be the only way you will be able to survive what`s coming and coming fast.
You are not in Kansas USA anymore!!!!
40% cash, 40% precious metals, 20% hedges
All debt paid off.
I am keeping short term 1-3 years T-bonds, and only high yield dividend paying stocks.
We have gold and silver ETF’s, gold and silver mining stocks, energy and energy related stocks (WPRT), short the Euro and utility and phone (dividend) stocks. We hold physical silver coins and majority cash.
Dear Dr. Weiss,
I wish to say again that as long as our Congress refuses to audit the Fed, and if it will not
stop printinng trillions of dollars not worth the money printed on, we cannot save coming
catastrophre. The Fed mube be audited and, if corruption and wrong doing has been done, it must
be aboloshed. Certainly Congreee shoiuld have the power to help solve the crisis. I would suggest
that they make you, Martin Weiss, an advisor. In the meantime, we all have to bujy gold again
as soon as it starts up, perhaps followed by silver, and, above all, not go into debt if it is possible.Finally, I recommend that we alll write our Senators and Congressmen and demand that
they do their Constitutional duty by controllilng the Fed and have a Committee that really works.
I’m so convinced that the market is going to crash that I yanked all my market holdings (incl. our IRAs). Like Will Rogers said, “I’m more interested in the return OF my principle than a return ON my principle. CD’s won’t even keep up with inflation and the Government securities don’t pay even what a CD earns so you have to really do your homework to find investments that pay 7-10% and are still reasonably safe. They ARE out there.
The Bible says that a time is coming when you will throw your gold out in the street because you wont be able to spend it. I would suggest that you make your self right with God then pray for the Rapture of the Church, until that happens pay off all your bills, have food for six months and a clean water source and put yourself in a position to help your fellow man because he wont have the means to even care for his family.
Some anaylists are calling for more deleveraging-bankrupcies & an deflationary enviroment. I believe that the money printing has just begun. The oligharchs will never agree to take losses & the US govt has no choice but to debase the US dollar. I look for an inflationary nightmare in the coming future. 50% gold, 40% silver 10% agricultural commodites& just enough cash for 60 days!!
I got my first bits of advice from J. Irving Wiess. Yes, Martin, it was your Dad who attracted me to Safe Money Report. As much as I could afford, I followed all the advice. Some of it was too early at times, but most of, has mede me quite ready for the mess the morons will dish upon our finances. I have a whole whack of gold that I bought at $295. and silver at $4.72 and have been adding onto in the really bad pull-backs. Lots of gold juniors, geothermal and uranium stocks along with many other resource and Royaly and Dividend payers on on my portfolio. I am an American living in Canada. Cash in the bank should be Safe Money, here, huh? Short with TBT, EUO, SRS, and SKF to name a few. Few h/d guns and lots of ammo for that will load them for bear. If it gets that bad, my computer will be dead as the internet should be too. Gotta nice generator, but only about 75 gallons of gas in reserve. As you always say to all of us Martin, “Good Luck and God Bless”
I am building a new home that will hopefully eventually give me all my utilities including heat in a cold environment for nearly free. I am cutting down on the square footage so as to reduce property taxes. We plan to have a raised garden that we can tend into our eldery years. Our new home is a short distance to five great fishing lakes and good hunting areas for big game. Solar panels will hopefully provide power for an HPEV so we can at least get into town if fuel costs go through the roof. In summary, we are investing in our future by reducing on-going costs as much as possible. Hopefully this plan works regardless of inflation. (Please do not publish my e-mail or full name, thanks!)
We’ve bought some gold and silver, gotten out of debt, have begun an intensive food storage program, and are making a move away from the coast. Greece is the first of the governments that have grown too big for their economies to support to have to even consider facing the music. The politicians are looking to preserve themselves – not their countries and certainly not their people. When they take all the lollipops away, it’s gonna be scary times.
Severe deflation followed by hyperinflation and a lower and lower GDP
I feel gold & silver are good places to be in this eonomy. We also are in some yield investments as we are reitred except from our import business and are getting a new webmaster in about a month and will freshen the site
Physical PM’s bought some time ago, solar power and solid fuel burner for heat and cooking, expect a dollar rally which will depress all asset prices and buy PM shares when the next collapse in the Stock market occurs also buy fuel, food and agricultural shares or land for growing crops if you can, I also like Chinese shares they are cheap and hated, even if Chinese growth falls to 5% it’s still better than western economies. keep enough cash for emergencies. Get out of the city, Also invest in good single malt whisky prices are rocketing 300% in last 6 years that’s better than gold and more useful.
I thought to hedge my bets by buying Investemnt Trusts that are heavily geared with debts, balancing with some that have no loadings from borrowing. It is madness to hold cash or Bonds when Governments are determined on inflation.
I cannot find in the list my previous proposals to cure the problem, nor any other proposals that might have similiar effect.
When the last person dies, so does God. It is imperative to preserve Humanity, so instead of greedily investing for our own gain, we should be investing to help create new living places in the ‘High Frontier’ as proposed by Gerard O’Neil, {was it forty wasted years ago?) Reprsentative microcosms of Earthlfe with the widest possible genetic base of people need to be built in Space on a self sustaining scale, before military space garbage make it impossible, or Life on Earth is extinct.
Help God.
H Ruff scared me to death years ago. Bought physical gold in 70’s&80’s,physical silver in 90’s but not for profit which I could sell it all for many times what it cost. It’s for barter/trade.Am pensioned
from large american chemical company,have social security,medicare,private hospitalization from
Aetna,well diversified brokerage account invested in bond funds and stocks of large corporations
and a ton of cash I have no idea where to invest. Have a smallish food cache and water.A bit of
common over-the-counter medications and a strong belief of The Creator.What else do I need?
What a pity that the builders, the frugal, the ethical , the law abiding, the taxpayers, the savers &
the defenders of this great country must now hunker down with gold guns & canned goods.
Why don’t we pool our resources & buy our own island & let Bernie Sanders Support his
constituents.
1. Out of Debt
2.Stocks of US companies with international exposure with good record
3.International stocks from Brazil, Netherlands, and Asia.
4. Gold and Silver in my possession.
5. Nothing else makes any sense.
John Rodney Blair
Pay off all debts that might not be serviceable in straitened circumstances. Keep most of your assets in cash or cash equivalents. Take advantage of things like I-bonds. Diversify among currencies. Gold is money: keep 25% of your assets in gold, either physical or guaranteed physical-backed with clear title, and diversify your holdings internationally. If you can do so in a way that can be trusted, invest in essential commodities of the kind that you yourself depend upon, for instance oil. If the prices of those go up, you can use your investment to help to buy what you need; if the prices go down, you will not need to spend as much to buy what you need, so the decline in the value of your investment will reduce your welfare (it can be viewed as the cost of insurance). Keep at least one month’s salary secure but available in silver coins. Stock essential foods and medicines adequate for at least four months; and water, too, if that would be a problem. If you have a fixed income and are mobile, consider moving to a locality where the cost of living would be more easily covered by your income (an astonishing number of American financial writers live abroad, in places like Costa Rica). If investing, invest in all cases to minimize risk and avoid wealth destruction. Don’t adopt the mind set (or rhetoric) of “growing your wealth”, “profiting from the decline”, etc.; and don’t fret about the prospect of “missed profits”. All of these concepts indicate RISK, and risk is something that most of us cannot afford in the current climate.
Retired with 40 years of savings, I keep about 25% in cash to cover living expenses for the next 10 years. Over the next 10-20 years, I expect to get a 6-8% average return on stocks even with all the volatility in markets. I converted 25% of assets into a Guaranteed Withdrawal Benefit Annuity from Jackson National Life…that is my home-made pension. No matter what happens to the underlying securities value, the annuity base grows at 6% simple and then jumps to double in 10 years if I dont touch it. In other words, I transferred market risk to a stable insurance company instead of taking on all the risk myself. My 401K is in a TRowePrice stable value fund with a 4% return. Social Security will fill in any gaps in cash flow…yes, I think it will be there for the Boomers. Next step is to invest in a few good dividend stocks. Guess I’m not ready to run for the hills, although I have hedged some bets on GLD and SH for the (unlikely) Armageddon scenario.
Still working at 85 yoa because I need the money.
About 1/4 century ago,I figured that the demise of the US$ was coming, so since then I have diversified with accounts overseas. Now about 1/2 of our net worth is in overseas accounts, with overseas investments. Also, a lot of our USA based investments are in international companies which have foreign income sources. Better than having everything under the jurisdiction of an ailing government.
Seems that we live in the USA under a less and less equitable government. I am a bit old to consider following my money, but at least, can move from a suburb to a small rural city.
Reminds me of a funny headline :
How to survive after the universe is destroyed!
People forget how dependent we are on medical services, heat,light,electricity and clean water;when society stops providing those necessities,we all suffer,regardless of our bank balance;
I believe that Congress will not sit on their hands in a situation that will cause the collapse of our entire economy, They will kick the can down the road again, God help us !!
Martin,
I have been playing the silver market through a leveraged account. Basically in and out with these volatile moves. I’m waiting for a longer term play signal from my Uncommon Wisdom subscription. Larry seems so contrary in comparison to a couple of other subscriptions that I follow, though I have listened to him and have kept myself very limited as his track record is one that cannot be argued with.
Jeff Hostetter
Honestly, we are paralyzed! In spite of your advice, we feel innundated with messages and are afraid to act on any of that advice. We pray that social security continues or we’re doomed to
who-knows-what.
When will the market drive us treasury bonds yields up?
The DJA is like a yo-yo – - – - up and down – - – up and down. It goes up up up and down down down. When will the string break? – - – nobody knows. When it does break, look out below.
Humpy Dumpty sat on a wall. – - – Humpy Dumpty had a great fall. All the Kings men and all the Kings horses couldn’t put Humpty Dumpty back together again.
The blind are leading the blind.
In a mess like that; what should an investor do?
It appears to me that I want cash on hand so I have sold about 25% of my stock and have the cash in my brokerage account. The uncertain times for the European countries, the tax
committee and the future recession required this decision. I believe I sold early but that happens.
I am confused about gold as a heaven investment if the upcoming Euro Crisis and American inflation crisis unfold> Will investors run for Gold driving gold prices ever so high? Or will they sell their gold holdings to raise cash in order to buy in market cheap opportunities?
We have some gold and silver coins.
We have enough cash for about 6 months of expenses.
100% of my very small retirement is in a precious metals IRA.
The US govt is a mess.
Life on a beach in Fiji sounds good to us! .
1 Lay in a 6 month food supply
2 Make a supply of silver coins- They will buy things that current currency will not
3 Be certain that your ammunition is current- few things are more upsetting than a misfire.
4. Work for term limits – The longer in office- the higher the rise in position-the more corrupt
the politician.Mrs Clinton calls it collegiality; you scratch my back and I will scratch yours
5. Criminalize lobbying
Wayne,
Do you buy real vine or it is stock?
Boris
Words from my wise old grandfather who lived through the great depression. Have plenty of prayer, plenty of water, one year food supply for you and your neighbors, farmland if you can, learn how to can your own food, liquor (even if you don’t drink), staples like bleach, vinegar, toothpaste, soap, toilet paper etc. and of course bullets, gold and silver. Think about buying sterling flatware at online auctions. A spoon could be worth a lot. I would recommend a book I read 3 years ago full of knowledge for anyone wanting to prepare. James Wesley Rawles, How To Survive The End Of The World As We Know It. I pray were not going there, but most of all I pray for our freedom and the freedom of our children. May God Bless us all.
I hold no stocks at present. Am buying silver, based mostly on a perception that as gold prices run above $2000 to $2500, fewer buyers may be able to afford it and will turn to silver, which should produce a further increase in silver, as well as the fact that if (when) the dollar goes completely to pieces, who is going to be able to barter a 1 ounce gold coin for anything less than a used car? Silver coins at $100 an ounce should be far handier as currency than gold at $2-3000 an ounce (or $200-300 per 1/10 ounce coin).
I am only buying stocks on a day-trader type basis and only when the 1 year chart pattern falls below the lower Bollinger band, which is infallibly worth a $1-$2 pop in the price in a very short time frame. Am currently harvesting $1500- $2000 per month and not holding anything for more than a few days. Trading only in a Roth acount, so the tax bite is no issue.
Invest in physical gold and silver; this is the best approach I see. But where do you store it? I do not have that answer.
Dear Sir,
I have a big problem about your Privacy Policy and advertising about other agencies.
I only want to know whether YOLO publishing house is a spam or not. That’s all.
We know that yours is a reliable and dependable one. But about other third party, we want to know whether you also forward spam or unreliable or undependable groups, simply for sake of some commission or income. That will be a great black mark on your firm, leaving aside the scars and problems left to on the invesors.
If you want to carry a black mark on your reputation, it is your will and pleasure. But, if you really want your firm to be reliable, then you have to answer, whether the firm is spam or bogus or not. Your reputration is at risk. Please do not misunderstand, but understand our point of view. This is not too much to ask . With Regards,
Dear Mr. Weiss:
If by chance the EU does adequately fund its bailout and Super Committee comes up with spending cuts and tax increases to make a meaning dent in the federal budget, what are the numbers you feel are necessary to stave off the “market failure” we have heard about for quite some time?
I trusted your opinion and it proved to be wrong about gold . And now i read on the internet that your company sustains more losses than gains. You have a good marketing systetm that apparently bamboozles people.
Nora, I too am a victim. Followed recommendations and lost. I find it hard to believe that someone would be brazen enough to professionally scam fellow mankind. Maybe they mean well. I mean, many funds have done badly this year too… Betting on the wrong side of the market.
Live and learn.
Hey, how about a deal where they only make money if we make money?
I am single now and unfortunately do not have my own children. My only sibling, a brother, passed away last year so no family left except for his wife & two sons. They are wonderful and look out for me, but do live several hours away. I have silver and gold and annuities stashed away and have been stocking up on can goods, etc. for some time. I have a Nursing background so will spend a great deal of time being available to help people in need in the community. I have a strong belief in the power of prayer and feel confident the Good Lord will get us through the disasters somehow. My heart and my prayers will be with all of you. Best wishes, Sandy Seibert