HOW DO I PREPARE FOR ECONOMIC COLLAPSE, PART 2

HOW DO I PREPARE FOR ECONOMIC COLLAPSE, PART 2

What Should I Do With My Money?

People always want to know where they should put their money.

Well, my first piece of advice is always to build an emergency fund. Most people do not have one. TIP: If you think an Emergency Fund is all about saving as many paper dollars as possible, you're wrong. Get Gold and Silver. Invest in Grain and Heirloom seeds, too.

Obviously, I am a big believer in not putting all of my eggs into one basket. Diversification and Redundancy are key!

Sometimes people say they are going to take all of their money out of the banks because they don't feel safe having their money in them.

I understand, but DO NOT stick all your money under your mattress! What happens if there is a fire or what happens if someone robs you? 

That's why I believe in spreading your risk around.  Having money a bunch of different places is a good thing. Including offshore.

One place I would not put my money is in the stock market.  Get out while the gettin' is good.

If you have blind faith in the stock market, you are going to be deeply disappointed eventually.  I do not have a single penny in the stock market, and a couple of years from now that is going to look like a very wise move.

A gold-backed IRA, a grain-backed IRA, Rare European Coins, Gold and Silver... start thinking outside the box, but don't think for too long!