Your 401 is going to zero along with the US dollar.
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Then precious metals will hold no value either.Your 401 is going to zero along with the US dollar.
Twisted thinking at best: Gold, silver and, copper have a 6000 year history of being "good money". However, there may be nothing to buy with it, at least initially.Then precious metals will hold no value either.
I just don't understand how people believe that if all 401ks go to zero the world will recognize any sort of currency other than what they can eat or use to get food, let alone why they think they will survive that **** show scenarioTwisted thinking at best: Gold, silver and, copper have a 6000 year history of being "good money". However, there may be nothing to buy with it, at least initially.
dont convert all but if you want security get out of debt first,mortgage,car loan, or credit cards,then buy some land then pm's..if you dont hold it you dont own it if you have a bank loan then they own it your just buying it from them.is it advisable to convert some of your 401K into physical metals? keep in mind there is a 20% penalty.
Except no 15% cd rates yet… but we can’t get those ‘til home loans go back to that magic 17 1/2% rate of the early 80’s.Is there people who really didn’t see this recession coming a mile away?
A pandemic and Democrats controlling the White House and Congress and the senate and gas prices spiked to the moon and 35% inflation ?
Any one of those by itself is enough to cause a recession .
Wait till they start raising the mortgage interest rates over and over .
Almost like jimmy carter is back in town .
Premiums on precious metals have me out of that market.Twisted thinking at best: Gold, silver and, copper have a 6000 year history of being "good money". However, there may be nothing to buy with it, at least initially.