Jump to content
House Price Crash Forum
Sign in to follow this  
homeless

If The Currency Completely Collapses

Recommended Posts

Its not realy a very unlikely scenario anymore is it?

So im wondering with a couple of weeks notice say, what would you do with any cash you have, seeing as it will be worth less than toilet paper soon.

Share this post


Link to post
Share on other sites

Its not realy a very unlikely scenario anymore is it?

So im wondering with a couple of weeks notice say, what would you do with any cash you have, seeing as it will be worth less than toilet paper soon.

how would you get a couple of weeks notice, by the time you know about it so does everyone else and by definition there would at that time be no confidence in it so it would have already collapsed at that point

Share this post


Link to post
Share on other sites

Its not realy a very unlikely scenario anymore is it?

So im wondering with a couple of weeks notice say, what would you do with any cash you have, seeing as it will be worth less than toilet paper soon.

If the currency collapses one upshot will be lots of jobs working in call centres selling stuff to Indians.

Share this post


Link to post
Share on other sites

Fixed

Was just about to say that, but I would stock up on arrows lots and lots of arrows probably increase my holdings from 40ish to about 400ish currency collaspe occurs? You can hunt other humans.

Share this post


Link to post
Share on other sites

Its not realy a very unlikely scenario anymore is it?

So im wondering with a couple of weeks notice say, what would you do with any cash you have, seeing as it will be worth less than toilet paper soon.

Have you thought about getting a nice hat? I think this one could suit you.

105_1239721233.jpg

Edited by Jack's Creation

Share this post


Link to post
Share on other sites
Guest UK Debt Slave

If the currency collapses one upshot will be lots of jobs working in call centres selling stuff to Indians.

I've been practicing for my new career as a shoe shine boy

JazzFormalShoes1.jpg

Share this post


Link to post
Share on other sites

Its not realy a very unlikely scenario anymore is it?

So im wondering with a couple of weeks notice say, what would you do with any cash you have, seeing as it will be worth less than toilet paper soon.

I think other major currencies could the best hedge, with diversification in mind. Since all major currencies are are accelerating their move towards death by debasement a proportion (10%) in gold as the closest alternative to a currency might be warranted.

Should the Norwegian Krone and Australian Dollar fall heavily in the next few weeks I would also get some government bonds from these two countries.

Since we've already devalued by 30%, another 30% would take us to a 50% fall in a few years so we are two third of the way through what one might reasonably call a collapse. Mad hats unwarranted IMO.

Share this post


Link to post
Share on other sites

Once it's value slips below that of toilet paper use it to wipe your ****. You will be saving money,

Ooh that sounds like one of those Viz money saving tips, altho I personally prefer the one about how to fill an old cigar tube with angry wasps to make an inexpensive vibrator.

Share this post


Link to post
Share on other sites

Its not realy a very unlikely scenario anymore is it?

So im wondering with a couple of weeks notice say, what would you do with any cash you have, seeing as it will be worth less than toilet paper soon.

Just think, we'll be able to export things made of plastic to china! Except, they've tied their Yuan to the USD. That's not fair is it? It's cheating.

You will get no notice of any serious collapse. The only inkling will be volatile markets as we have now. These started from July 2007 onwards before the last big crash - the one which Gordo stopped by encouraging the entire world to print loadsamoney and borrow his way out (which of course he said you cannot do in 1997) and now it's all coming home to roost.

A mega crash is now a serious possibility. You will need to buy gold or silver to protect your wealth in that event. (Currencies are competeting to devalue at the moment so the picture is not clear). Buy agriculture shares if it goes bang. It's likely to start with a stockmarket crash first, followed by all the cash coming out of markets into USD pushing up the dollar value, but temporarily. There may even be a fallback in gold at first. But then the cash will start to buy gold and silver big time - a second crash will not leave many wanting to buy back into stocks and a lot of fear will arise. A new balloon will be created (OH JOY!). You then decide when to convert that gold or silver back into the pound.

Share this post


Link to post
Share on other sites

I've been practicing for my new career as a shoe shine boy

JazzFormalShoes1.jpg

got any tips?

Share this post


Link to post
Share on other sites

Its not realy a very unlikely scenario anymore is it?

So im wondering with a couple of weeks notice say, what would you do with any cash you have, seeing as it will be worth less than toilet paper soon.

Least of your problems if "the currency completely collapses".

Hoards of looters will be roaming the streets, if you have a property, it will be fire bombed, if you show any sign of wealth you will be mugged and killed.

Can't see it myself, talk to injin, sounds right up his street. :)

Share this post


Link to post
Share on other sites

Its not realy a very unlikely scenario anymore is it?

So im wondering with a couple of weeks notice say, what would you do with any cash you have, seeing as it will be worth less than toilet paper soon.

The only three currencies left will be guns, girls and gold.

Share this post


Link to post
Share on other sites

I've got 97% of my saving in Yen. Silly I know but a fair amount less silly than having all money in Gbp.

There's always the danger of a Yen bubble as people rush for relative safely....possible I believe.

The problem is knowing when and where to move next of course. Timing is everything.

Share this post


Link to post
Share on other sites

I've got 97% of my saving in Yen. Silly I know but a fair amount less silly than having all money in Gbp.

A word of warning, I was so sure the Germans would keep the house in order that up until a month ago I was 90% in euros :D. Aside from a few soiled pants and additional white hair I have relearned the benefits of diversification in double quick time.

The problem is knowing when and where to move next of course. Timing is everything.

That is the unfortunate truth; investors are a dying breed destined for financial extinction, only speculators can survive and will thrive in this environment.

Share this post


Link to post
Share on other sites
Guest happy?

Its not realy a very unlikely scenario anymore is it?

So im wondering with a couple of weeks notice say, what would you do with any cash you have, seeing as it will be worth less than toilet paper soon.

Why don't you buy gold if the scenario is that likely. I heard a sovereign is worth a pound.

Share this post


Link to post
Share on other sites

A word of warning, I was so sure the Germans would keep the house in order that up until a month ago I was 90% in euros :D. Aside from a few soiled pants and additional white hair I have relearned the benefits of diversification in double quick time.

That is the unfortunate truth; investors are a dying breed destined for financial extinction, only speculators can survive and will thrive in this environment.

Yep, eggs in one basket and all that, I know but....

I know of investors who are now slowly being wiped out but they're just waiting for a return to normal. Not all speculators will do well of course but a good many will.

You've diversified? Heinze or Branston?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.