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Lostplanet22 on 13 July 2011
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mrstickball said:
Lostplanet22 said:

Well hope your money does not only exist only off Dollars, an default of the USA is a possibility and I know that sounds very negative and one year ago laughable but today people see it as an reasonable possibility. My money is now divided in 8 different Currencies.

If this was not a bad situation for the USA and the World this would be an very fascinating situation. I am really amazed.  One year ago on Economic forums you had those big threads where the community was divided between one side predicting today's situation and an other one seeing it as negative bullshit or totally believing the government would take measures...  the last days the forums are not divided anymore..never in my ten years I am follwing Economic forums and reading them I saw this kind of situation gives me goosebumps;.

My money doesn't exist of dollars. Rather, my focus is investing in tangible assets that can make it through any sorts of situation. That is, properties that can be rented, as well as farm land to farm or rent to farmers if need be.

The goal behind such investments is that in the case of hyperinflation (due to a default), my investments aren't tied to the dollar, but the intrinsic value of the asset. Therefore, rent can be re-negotiated as hyperinflation takes place, as can farmland. Since people will always need to eat, the value of said farmland will always be pegged to the value of the crops it produces. In a truly awful scenario, then I will not be too indignant to farm for myself, and will ensure that I have properly invested in off-the-grid energy sources, so I can maintain some sembalance of security.

Furthermore, my brother and I are working hard to invest in barter/trade valuables should a bad situation occur - silver, gold, alcohol, cigarettes, firearms & ammo, ect. Such things are highly desired in bad situations, and can be invaluable for ensuring survival.

I don't believe we'll have an epic collapse that results in some sort of Fallout or Book of Eli conditions, but I think that the Argentinian example may be the best one to view, and I've been trying to read up on real-world examples of staying safe in such a meltdown situation.

I see that is a good idea, I have put my money in appartements and I rent them out at the moment.   And I don't know hyperinflation will occur considering that will suck out the money from every hardworking money of every US citizen something I don't see Obama and the Republicans agree with...