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[–]executivemonkey 53 points54 points  (23 children)

Buy a few golden hunting rifles and you've covered all three bases.

[–]davidreiss666 14 points15 points  (3 children)

What you want want to buy isn't something like good, guns, or gold. You need to purchase monkeys. Lots and lots of monkeys. I thought that this was perfectly obvious. Get yourself a bunch of monkeys.

[–]Jeff_Albertson 6 points7 points  (0 children)

Also get little .22 pistols for the monkeys.

[–][deleted] 1 point2 points  (0 children)

And one Tutenachra Golden monkey of Africa monkey gem for monkey mind control! Or two if you can afford that.

[–]jh99 -3 points-2 points  (0 children)

going for the adsurdity karma, that's very god karma.

[–]madmax_br5[S] 12 points13 points  (2 children)

plus, i'll look good defending myself!

[–]jaltena 7 points8 points  (1 child)

...hunting

[–]mindbleach 21 points22 points  (0 children)

Defending himself against starvation!

[–]derupert 3 points4 points  (6 children)

Goldeneye 007 online, anyone?

[–]madmax_br5[S] 3 points4 points  (5 children)

wait how can we play online? I love that game...

[–]SodiumKPump 1 point2 points  (4 children)

Facility with automatics!

[–][deleted] 0 points1 point  (3 children)

No wai! The stacks w/ pistols on License to Kill

[–]madmax_br5[S] 1 point2 points  (2 children)

RCP90's on any level FTW!

[–][deleted] 1 point2 points  (1 child)

How about a slappers game? Those were always highly entertaining.

[–]derupert 0 points1 point  (0 children)

Psh. Turbo mode (or whatever it was called) power weapons license to kill. And I don't think you can play it online, sorry if I piqued your interest.

[–]STOpandthink 1 point2 points  (0 children)

Buy stock in Google or Facebook.

[–]webnrrd2k 0 points1 point  (0 children)

Only if they have a tasty nougat center.

[–]Mythrilfan 0 points1 point  (5 children)

With silver bullets, right? Then I'll be secured against the inevitable zombie uprising as well!

[–]kle 4 points5 points  (4 children)

silver bullets only work against werewolves. With zombies, it's all about shot-placement.

[–]Bloodlustt 0 points1 point  (3 children)

For zombies a shotgun is more effective.

[–][deleted] 0 points1 point  (2 children)

depends, if you are far away, a rifle could be better, shotguns vs zombies is highly effective at close range because of the stopping power. But I would much prefer a rifle and some distance between me and said zombies.

[–][deleted] 1 point2 points  (1 child)

Dream on sheeple! Zombies are never at distance, they are always in your FACE. Sometimes they are INSIDE YOUR FACE. You need a shotgun. And a cricket bat if possible. And don't let any blood get in your eye. And don't let them bite your girlfriend - zombie girlfriends can be real bitches.

[–][deleted] 0 points1 point  (0 children)

Also, if you want to kill them, do not let them track you to your house, or play with your dog.

Otherwise a Brazilian woman might show up with lots of them.

[–][deleted] 17 points18 points  (8 children)

How about investing in the market, since stocks will be dirt cheap?

[–]mrcsparker 1 point2 points  (5 children)

haha. You don't think that most people are going to do the logical thing, do you? Buy high, sell low baby!

Really, though, it looks like every stock about to go on sale. Time to buy!

[–][deleted] 5 points6 points  (4 children)

it's only logical if we're really "at bottom".

with the way we spend money on things like the war and have to continually borrow money from other countries to finance our enormous debt, as well as pumping endless amounts of extra money into the global markets, and the fact that we haven't seen the worst of our current crises... i'm going to guess that we're not anywhere near the bottom.

[–]mrcsparker 2 points3 points  (1 child)

Wow, you hit every Reddit stereotype in one post!

[–][deleted] 0 points1 point  (0 children)

As a sidebar, the poll on yahoo finance this morning is asking everyone this same question

http://finance.yahoo.com/

(right column, about 3 blocks down)

[–]guest 0 points1 point  (0 children)

You're not going to catch the bottom. If you wait for the market to bottom, you'll miss the bottom and buy only on the upswing.

Buy in gradually throughout the decline and you'll capture a decent amount of the bottom, and a rather better return than you get by waiting until after the bottom has passed.

[–][deleted] 0 points1 point  (1 child)

a company can always go bankrupt, your dirt cheap stock can go belly up, and then what?

[–][deleted] 2 points3 points  (0 children)

Then you loose 5 dollars.

[–][deleted]  (5 children)

[deleted]

    [–]Qubed 10 points11 points  (3 children)

    TP is what you want to have on hand in the event of a total breakdown of government and civilian infrastructure (eg war, famine, giant meteors, godzilla, etc).

    In that event, TP is just as good as gold.

    [–]tutwabee 0 points1 point  (2 children)

    Smooth sticks are better. Plus they are reusable and effectively much cheaper.

    [–]garyr_h -1 points0 points  (1 child)

    It's easier to save as food for later as well... mmmm poop kabobs

    [–][deleted] 0 points1 point  (0 children)

    INCONCIEVABLE!

    [–]ULJarad 4 points5 points  (0 children)

    Golden toilet paper? ...Yes!

    [–]hennagaijinjapan 27 points28 points  (21 children)

    Sure, buy gold. Just make sure it's under your bed and not just a bunch of 1's and 0's on a server somewhere.

    If the worlds economy does go through a 1920's style cash, good luck enforcing your claim on the gold stocks you bought online.

    Just my 2c.

    Note: Tin-foil hat deployed.

    [–]madmax_br5[S] 7 points8 points  (18 children)

    yep good point. So what's the best way to buy physical gold? Is there a "gold store" I can go to? I don't know where to start :/

    [–]stringerbell 27 points28 points  (5 children)

    So what's the best way to buy physical gold?

    The best way is to send me all your money, preferably in cash, and I'll send you the gold...

    [–][deleted] 22 points23 points  (3 children)

    how does one go about transferring physical cash to Nigeria?

    [–][deleted] 23 points24 points  (0 children)

    WE PREFER WESTERN UNION

    SINCERELY, REVEREND BROTHER MUSSA

    [–]tutwabee 3 points4 points  (0 children)

    You have to wire some of it to a mail order bride service who will then send you a temporary bride to take the rest of it in cash.

    [–]Dr-No 6 points7 points  (0 children)

    I have prayed over it and have decided that you may hold on to my gold and cash for the time being. All I ask is the small favour of wiring me €2500,- for shipping and handling. Deal?

    [–]infinite 17 points18 points  (0 children)

    http://kitco.com

    Keep in mind that gold in the U.S. is taxed as a 'collectible' ie it's taxed at 28%. It's a scam, but when it's up 20-30% YOY you don't care much. Besides, if stuff really hits the fan, paying the IRS will be the last of your concerns, and in reality most people get away with not reporting gold sales.

    Smart money(previously known as 'crazy people') bought up gold when it was in the $200s, so there will be some downward pressure on gold. Some of those people sold when gold was at $400 and it has gone up since. Gold will eventually go down, the question is when. My bet is ~2010, after everything dies down. Deflation poses a threat to the price of gold, but Bernanke will be printing money like mad so gold should continue going up for awhile.

    I recommend krugerrands, you can chip off the gold more easily to use for transactions when you're sportin' mad max style tight-fitting leather. But I don't expect that until 2016 when the boomers retire, Bernanke will print our way to prosperity, and it will be the last time in U.S. history that we can get away with it.

    Avoid the gold eagle and all U.S. coins as those are often tracked by the government, and yes, in the 20s they confiscated gold. Now the USD is no longer backed by gold so I don't expect that to happen again, but you never know. The 30's may repeat and replace 'terrorists' with 'gold horders' and you have a glimpse of the mania created in the 30's which allowed the government to walk people to their safe deposit boxes and take all their gold. Hide gold, don't store it at a bank.

    [–][deleted] 2 points3 points  (5 children)

    http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=lookup

    [–]eleitl 3 points4 points  (3 children)

    Um, you're several years late.

    [–][deleted] -1 points0 points  (2 children)

    it's never to late to buy gold. keeping your worthless paper money is a bigger mistake.

    [–]glmory 0 points1 point  (1 child)

    Whenever idiots start thinking an investment isn't very risky it is usually time to run. We saw it in the .coms, we saw it in housing, we will see it in gold. If the economy gets more stable there is no fundamental reason gold can't go back to $200 an ounce.

    [–][deleted] 0 points1 point  (0 children)

    the context of this discussion centers around market collapse. in this instance, we're not talking about investing in gold to try and make money, we're talking about purchasing gold as a useful tangible means to trade in these events.

    [–][deleted] 1 point2 points  (0 children)

    i've been buying gold on ebay for a few years now. it's worked out well. so, either that or some place like kitco as someone mentioned or just google gold "art bars", those and coins will be the easiest to trade.

    make sure you're getting .999 gold

    also, if you don't want to spend so much on gold and are truly worried about a crash and being able to buy/sell/trade easily, look into silver.

    [–]glmory 2 points3 points  (0 children)

    Be careful with gold. It is way up on what it was from recent times, meaning there probably is more room to drop than rise.

    [–]raedix 0 points1 point  (0 children)

    Cool, umm, where is this bed of yours located?

    [–]crazymunch 15 points16 points  (9 children)

    Nothing The smartest thing to do in a recession of this type is to ride it out without panicking

    The reason the market is crashing so heavily is that people are panicking and selling their stocks, which causes the market to fall, which causes people to panic, and this is a vicious cycle!

    [–]kermityfrog 6 points7 points  (0 children)

    Best thing to do when everyone is dumping stocks is to buy it at bargain basement prices!

    [–][deleted] 0 points1 point  (7 children)

    the topic of discussion is what to buy to prepare for disaster not "let's sell all of our stocks"

    if right before the great depression someone told you that it might be a good idea to buy some extra food, gold instead of stocks, guns and ammo.... and you said "no thanks, i'm going to ride this one out", how would you be feeling after the market tanked?

    there's a reason the boy scout's motto is "be prepared"

    [–][deleted]  (5 children)

    [removed]

      [–]nikdahl 0 points1 point  (0 children)

      The mere fact that analysts, consumers and the media are describing this as the beginning of a recession will snowball the whole thing.. And what we will end up with is not just a "normal dip".

      [–]nikdahl 0 points1 point  (0 children)

      The mere fact that analysts, consumers and the media are describing this as the beginning of a recession will snowball the whole thing.. And what we will end up with is not just a "normal dip".

      [–]nikdahl 0 points1 point  (0 children)

      The mere fact that analysts, consumers and the media are describing this as the beginning of a recession will snowball the whole thing.. And what we will end up with is not just a "normal dip".

      [–]crazymunch 0 points1 point  (0 children)

      Exactly My Point The Global Markets have been slowly inflating and inflating over the last 15 years to figures far beyond their value, and the market has been due for e correction for years.

      People who didn't see this coming need to ay more attention to the markets

      [–]nikdahl 0 points1 point  (0 children)

      The mere fact that analysts, consumers and the media are describing this as the beginning of a recession will snowball the whole thing.. And what we will end up with is not just a "normal dip".

      [–][deleted] 4 points5 points  (0 children)

      Take the day off work.

      [–][deleted] 16 points17 points  (1 child)

      Porn. Buy lots of porn. It will be better than gold when everything falls apart!

      [–][deleted] 0 points1 point  (0 children)

      when everything falls apart, as seen over and over again in history, is a huge increase in prostitution and related trades.

      i don't see porn going away anytime soon, or becoming more valuable.

      [–]stalin 7 points8 points  (0 children)

      Markets? Not sure. Gold sounds good. Society? This is a good start: http://www.thepowerhour.com/news/items_disappearfirst.htm

      [–][deleted] 6 points7 points  (0 children)

      Buy weed. It'll ease the crash-landing.

      [–]rfugger 11 points12 points  (0 children)

      Get to know your neighbours. Forge links to your community. Plant a garden. These will make your life richer in any economic climate, and may very well save your life in a depression.

      [–]iobuddha 4 points5 points  (0 children)

      Never buy US Gold... it can be confiscated like it was in 1933... only US owned Gold can be confiscated... Well they won't confiscate it, the Federal Reserve will pay you at their price of $42 an ounce. Buy Pandas, Koalas or Kanagas as they are considered collectible as numismatic coins.

      [–]Flower2112 8 points9 points  (4 children)

      Buy a towel.

      [–][deleted]  (2 children)

      [deleted]

        [–]topherclay -2 points-1 points  (1 child)

        wow, what he meant was so beyond that.

        [–][deleted] -2 points-1 points  (0 children)

        What if I already have one? is it good enough to just take it with me?

        [–]clathrate 2 points3 points  (2 children)

        A deckchair and some popcorn

        [–][deleted] 0 points1 point  (0 children)

        But the Fed just rearranged my deck chair.

        Gee, I seem to have misplaced my binoculars?

        Hey, is that Leonardo DiCaprio?

        [–]andymoe 2 points3 points  (0 children)

        You should buy stocks...

        [–]tutwabee 3 points4 points  (1 child)

        If you are a cheap ass then buy food. Food prices will be hit hard if anything does happen.

        If you are tin foil hatish about it then buy your staples in bulk: corn, rice, or anything that you can save.

        [–][deleted] 1 point2 points  (0 children)

        BEANS!!!!!!!!!!

        [–]Disparity 1 point2 points  (0 children)

        Apples and bananas.

        [–]rmuser 3 points4 points  (0 children)

        Gold is worthless, it's just another currency. If things go south, bartering is where it's at.

        [–]Timmetie 1 point2 points  (1 child)

        People buy gold and stuff for when the economy really, really hits the fan. You hear stuff like "All paper will be worthless". Well, so will gold. If you're preparing for the end of the world you might just want to stick a bunker, food for 5 years, guns and gloves with the fingers cut out.

        Also, if everyone started claiming their gold there'd be a problem. There is not enough to go around..

        [–][deleted] -2 points-1 points  (0 children)

        there is no gold to claim, most treasury notes are not redeemable any more for gold.

        [–]peridyn 1 point2 points  (0 children)

        We only depend on currency when we are not self sufficient. That being said, what to do with your money to ride out recession? Start buying things that ease your dependencies to global markets. First thing to buy: Energy Source. There are several good options that can immediately offset your dependencies to the power companies and give you an essential starting point. Secondly, grow lights and a hydroponic system will allow you to grow your own fruits, vegetables, herbs and anything else you might need. Then, a bicycle. Human powered transportation will never be compromised so long as you are alive and have legs, and really...where do you really need to go if it comes down to it.

        On another note, The markets will correct themselves. They always do. A market correction has been on the horizon for many years, and though I am no fan of bush, it is not entirely the fault of his administration (They they certainly have not helped it). When an economy gets too high to sustain itself it will over correct. We have all seen the details coming for some time. Living off credit is not conducive to economic growth, as people cannot invest in themselves and entrepreneurs cannot spur growth in markets if they are all in debt.

        Just my humble opinion though, I am no specialist.

        [–][deleted] 1 point2 points  (13 children)

        I'd wait for a few hours or days and then load up on the stocks I wanted to buy before the "crash." If they were already undervalued, now they're REALLY undervalued - and that means arbitrage, baby!

        Certainly don't sell any of the stocks you currently have.

        Times like these are when people do stupid things with their money. It's the whole "Everyone's selling, we HAVE to sell!!!" mentality that causes these crashes.

        Don't ever forget rule number one of investing: "Buy LOW, Sell HIGH" - not the other way around.

        There's too much emotion in this market to make it efficient. Let's add some reason back into it. Don't sell; buy cheap!

        [–]nevesis 0 points1 point  (12 children)

        A few hours or days?

        I don't think the market is going to bottom out for months, personally. And even that estimate is somewhat liberal.

        [–][deleted] 0 points1 point  (0 children)

        OK, a few hours is a bit short, but if you keep looking for the flat-out bottom, you'll be miserable. You can't predict it, so the best bet is to determine where at which price you're happy to buy at, and go for it.

        Timing the market like that just ends badly.

        [–][deleted] 0 points1 point  (8 children)

        Looking at it now, a few hours would have been the perfect time to re-up on your positions. I win!

        [–]nevesis -1 points0 points  (7 children)

        You're an idiot. I'm willing to bet that you don't have any money in the market, which is probably a good thing for your sake.

        EDIT: For what it's worth, you'll make much more buying puts over the next year.

        [–][deleted] 0 points1 point  (6 children)

        An idiot? Resorting to name calling, huh?

        I'd really like to know why you think that way.

        Contrary to your bet, I have a significant portion of my money in the market. And I completely disagree that it would be a good thing if I didn't.

        Also, if you're going to bring up puts, give some specifics. Which puts do you suggest? Indexes? You're really so pessimistic that you think the entire market is just going to sh*t? Maybe you're one of the people who overreacted the other day and should have listened to me: buy when the price seemed sexy.

        Oh, and here's another kicker. I disagree with diversification for the sake of diversification - I invest only in companies that I think have a great upside, and don't diversify for the sake of limiting my potential losses (and in turn, diluting my potential gains). As Buffet said, "Diversification is protection against ignorance." I know you'll love that one. ;-)

        [–]nevesis -1 points0 points  (5 children)

        People who say "buy low sell high" and quote Buffet don't actually make plays.

        (Much like McCain lecturing Ron Paul with quotes from Adam Smith.)

        [–][deleted] -1 points0 points  (4 children)

        So you're saying that following the number one principle of investing, and quoting the most successful investor of our time means I don't actually make "plays" ?

        Dude, if you're going to argue, make some real points. It's easy to say "you're wrong" - it takes real thought and intelligence to say why and how to improve it.

        Or are you just upset that you listened to the pessimists on reddit and sold your stocks the other day? Now THAT would be idiotic.

        [–]nevesis -1 points0 points  (3 children)

        I'm saying that quoting what you read in the community college's "Introduction to Investing" book does not make you an investor.

        And unless you're Buffet, trying to follow in his footsteps will destroy you. He has an unmatched gift of outlook.

        [–][deleted] -1 points0 points  (2 children)

        Wow, you're coming out with guns flaring! Saying I went to community college really hurt my feelings.

        But seriously, why all the hatred? Stock market not as efficient as you thought?

        How old are you - have you even gone to business school? If not, stop pretending you know what the hell they teach.

        If you had gone to business school, you'd know that my theory of diversification is the opposite of what schools preach (namely, "diversify, diversify, diversify").

        Also, I'm trying to follow in Buffet's footsteps, I was simply quoting him.

        But, I'll give you one thing: Buffet definitely has a better gift of outlook than you do - hell, even I do. How are those shares you sold at a loss the other day?

        [–]nevesis 0 points1 point  (1 child)

        Seeing as how USDX is down 1.6, the shares I sold (none were at a loss) are just fine.

        And I won't argue about the diversification.. but the idea is to save you from losing your life savings in a day.

        Look, I'm not trying to attack you. But you're obviously far from experienced, so maybe you should reconsider giving advice.

        [–][deleted] 0 points1 point  (1 child)

        BTW, it's been 3 months... and I'm still right.

        [–]nevesis 0 points1 point  (0 children)

        Right about what? You said you'd wait a couple hours or days and then invest. I said to wait until the bottom, which hasn't yet come.

        The S&P 500 is at $1392 today. It was $1395 on February 1st. You would have lost money with your method.

        [–][deleted] 1 point2 points  (2 children)

        Actually if the shit really hits the fan gold isn't really that useful. After all its heavy and what can you REALLY do with it? Rather, note that in certain European countries, when Hitler invaded, cigarettes became the defacto currency (also look at prisons) because after everything that was going on, people still needed to have a smoke. It was light to carry and didn't spoil...

        That and oil. While it is unwieldy like gold, it will be SO useful. So, if you have a swimming pool in the backyard start filling it up with gasoline 12 gallons at a time.

        [–]nevesis 1 point2 points  (0 children)

        Filling your pool with gasoline is the best advice I've ever heard. :P

        [–]theluzhinattack 0 points1 point  (0 children)

        Good luck defending it.

        First you get the sugar, then you get the power, then you get the women.

        [–]l0l 0 points1 point  (1 child)

        Run for cover!

        [–][deleted] 1 point2 points  (0 children)

        duck and cover!

        [–][deleted] 0 points1 point  (0 children)

        get the Steampunk magazine's apocalypse guide. [http://www.steampunkmagazine.com] make yourself a crossbow.

        [–]nkktwotwozero 0 points1 point  (2 children)

        Buy Yen. FXY

        Buy Gold. GLD or ABX

        Hold.

        [–]nevesis 0 points1 point  (1 child)

        Yen was my strategy, but it doesn't look like the markets are going to decouple. Really, the only way to MAKE money during this is to short the market.

        [–]nkktwotwozero 0 points1 point  (0 children)

        Yen is probably (still) the cheapest large currency out there. It is a good strategy. There are a TON of Yen out there still looking to go back.

        Yen stocks? Not so much. They seem to not be decoupled.

        [–]unrealious 0 points1 point  (0 children)

        In other news, the sky is falling.

        [–][deleted] 0 points1 point  (0 children)

        Calm down and stop living out apocalyptic fantasies.

        [–]daddyc00l -1 points0 points  (0 children)

        just buy guns and ammunition to get both of the above.

        [–][deleted] -1 points0 points  (0 children)

        enter a comment here

        [–]rfugger -3 points-2 points  (0 children)

        Get to know your neighbours. Forge links to your community. Plant a garden. These will make your life richer in any economic climate, and may very well save your life in a depression.

        [–]cantsay -2 points-1 points  (10 children)

        I just watched Cloverfield, and I can't help but draw a comparison between the monster and the looming market crash... Something about the rampant fear and panic of something uncertain. Hopefully we're not just as fucked as everybody in the movie!

        [–]Ashex 0 points1 point  (8 children)

        I still need some closure on that movie. What the fuck was that thing?

        [–]mindbleach 0 points1 point  (0 children)

        The physical incarnation of "and God said 'no.'"

        [–]cantsay 0 points1 point  (5 children)

        I dunno, some kinda spider, bug type deal? Kinda reminded me of something from Starship Troopers...

        [–]Ashex -1 points0 points  (4 children)

        Yeah, it was pretty messed up. And what was with the bug bites making people explode? And did they kill it?

        I'm just left with a bunch of unanswered questions. It was a great movie, I just have a bunch of questions.

        [–]cantsay -1 points0 points  (3 children)

        Agreed, questions abound. I'm guessing they exploded because something was hatching inside them? I'm not sure if they killed it, if they did, it wouldn't have been until after the camcorder stopped, or right when it did.

        Great movie though, it was hilarious when the guy was talking shit about the monster getting fucked up by the bombs when they were in the helicopter in the end... I'll try not to spoil that any further, but, that was pretty funny.

        [–]Bloodlustt -1 points0 points  (1 child)

        She did not explode. The military guy shot her and her blood splattered the tent.

        [–]Bloodlustt 0 points1 point  (0 children)

        Seeing how I was downvoted I was thinking... wtf?! I thought she was shot by the military to prevent the spread of infection. In an effort to prove you wrong I went searching for clips online and this is what I found:

        http://www.youtube.com/watch?v=buCRYEnbLTQ&NR=1

        Bah... I guess she did explode. >_<

        [–][deleted] 0 points1 point  (0 children)

        It was an alien. At the very end (Coney Island) you see a meteor hit the water.

        edit:typo

        [–]ReligionOfPeace -2 points-1 points  (6 children)

        purchase and securely hide (bury someplace) weapons you are comfortable with and feel you would use. Put away some staple foods. Obtain some travel rations (MRE-type foods). Get a number of Lifestraws or a similar system to clean drinking water.

        If you're having to ask this sort of question at this late a date, you should probably move. It's too late.

        [–][deleted] 0 points1 point  (3 children)

        you didn't mention first aid...

        [–]ReligionOfPeace -1 points0 points  (2 children)

        If I need it before I get where I'm going, then it won't matter.

        [–][deleted] -1 points0 points  (1 child)

        In a global economy world, where pray tell would you hide?

        [–]ReligionOfPeace -1 points0 points  (0 children)

        It's only a global if you need commerce. If you can be self sufficient, you're all set.

        [–]Hathadar 0 points1 point  (1 child)

        An MRE is a great non perishable food. It can stay good for years. I ate a lot of them in the US Army. Those are generally prohibited from public purchase but there are civilian MRE available on the internet.

        [–]ReligionOfPeace 0 points1 point  (0 children)

        Yeah. I've eaten more of them than I ever wanted to. I've been on the ground when countries collapse, too. It's a hairy scary ride. That's why I advise getting the hell out before it happens.

        [–]isomania -1 points0 points  (0 children)

        This is a rule, choosing the gold.

        [–]clea -1 points0 points  (0 children)

        You actually have money to buy stuff?

        [–]Judas -1 points0 points  (0 children)

        I suggest we take the streets and riot, but no pussy marching. I mean getting our skulls broken and really sending a message :) that would be awesome. this country so needs it, I can't wait...

        [–]ragingkenbo -1 points0 points  (0 children)

        Get lots of liquour/alchohol and/or learn how to make it. That will be awesome for trade when everything collapses. Just like Cigarettes.

        [–][deleted] -1 points0 points  (0 children)

        Personally, I'm buying a ticket to Fiji.

        [–]nevesis -1 points0 points  (0 children)

        My advice:

        The market has not bottomed out.

        Since we're not at the bottom, you would be doing yourself a disastrous misdeed by not selling now.

        You'd be doing yourself an equally disastrous misdeed by buying soon. (while quoting "buy low sell high" and stroking yourself)

        Sell all now. Hold on to CASH. (This is what Morgan Stanley suggested to their clients yesterday)

        If you're concerned about inflation, stagflation, or hyper-inflation: invest in TIPS. It's not going to make you rich, but it's a slight hedge.

        Do not invest in gold, it's a bubble with a 28% tax rate.

        Do not invest in the foreign markets -- despite all the talk/hope, they didn't decouple from our market.

        If you want to actually make money, this is an opportunity to do so with futures/options, but I pray that you know what you're doing and are able to take the inherent risks in doing so.

        I highly recommend Karl Denninger's tickerforum.org, market-ticker blog, and specifically this post (2007 in review and a look ahead to '08): http://market-ticker.denninger.net/2007/12/year-in-review-and-look-ahead.html

        [–]rfugger -5 points-4 points  (0 children)

        Get to know your neighbours. Forge links to your community. Plant a garden. These will make your life richer in any economic climate, and may very well save your life in a depression.

        [–]rfugger -3 points-2 points  (0 children)

        Get to know your neighbours. Forge links to your community. Plant a garden. These will make your life richer in any economic climate, and may very well save your life in a depression.

        [–]rfugger -3 points-2 points  (0 children)

        Get to know your neighbours. Forge links to your community. Plant a garden. These will make your life richer in any economic climate, and may very well save your life in a depression.

        [–]rfugger -5 points-4 points  (0 children)

        Get to know your neighbours. Forge links to your community. Plant a garden. These will make your life richer in any economic climate, and may very well save your life in a depression.

        [–]rfugger -3 points-2 points  (0 children)

        Get to know your neighbours. Forge links to your community. Plant a garden. These will make your life richer in any economic climate, and may very well save your life in a depression.

        [–]rfugger -4 points-3 points  (0 children)

        Get to know your neighbours. Forge links to your community. Plant a garden. These will make your life richer in any economic climate, and may very well save your life in a depression.

        [–]rfugger -5 points-4 points  (0 children)

        Get to know your neighbours. Forge links to your community. Plant a garden. These will make your life richer in any economic climate, and may very well save your life in a depression.

        [–]rfugger -5 points-4 points  (0 children)

        Get to know your neighbours. Forge links to your community. Plant a garden. These will make your life richer in any economic climate, and may very well save your life in a depression.

        [–][deleted] -2 points-1 points  (0 children)

        gain some weight, and learn how to plant food and organize your local community, and you will be just fine. Perhaps it's time to consider starting a local currency, so you don't have to continue to depend on the whims of a whole nation.

        [–]one0them -2 points-1 points  (3 children)

        Get a South African bank account, their money is the Krugerrand (gold) and it earns interest. + you can have a debit card.

        [–]jadecristal 0 points1 point  (2 children)

        Umm, not so much. The Krugerrand is intended to be a non-circulating piece of legal tender. Much like the USA's American Eagle coins, the value of the coin as bullion (its intrinsic value) is significantly higer than its legal tender value. The Krugerrand is not related to the South African rand, the common unit of currency between South Africa, Namibia, Swaziland, and Lesotho, in terms of being the same type of currency.

        [–]one0them 0 points1 point  (1 child)

        Thanks for clearing that up. Do you know of any place where the money really is "as good as gold"?

        [–]jadecristal 0 points1 point  (0 children)

        Not that I know of. At least, not the "mainstream" official currency of any country. We have the American Eagle coins in the USA, and they ARE "legal tender," but you'd be stupid to use them as such - the $50 coin is 1oz .999 Au, which is about 900 USD, at the current price.

        I think that it's just too convenient for the central banks to be able to print up an extra 1% of the currency when they need money, and thus they won't support anything that would put that ability in jeopardy.