Whenever the RSI dips below 30,a rally of different strengths has a high probability of occurring. We reached that this morning in Gold. Not a prediction just an observation. Not predicting price.

On buying physical Gold and Silver and holding cash:
I’m of the belief that one should have whatever they are comfortable holding.
If the internet and all financial transactions are on hold, holding a certain amount of cash, silver and gold should tide one over until things are back online. Having junk silver for smallish transactions is a must as well as cash.

As to regular monthly payments to Utilities, Taxes, and other regular payments, we will all be in the same boat and no one will be paying them. Let them go. So just food and gas. The bare-ass necessities. So important to have as much non-perishable food as you are comfortable storing.

The energy that flows to your home should continue for awhile. They won’t shut us all down until later.

After a week or so if things are not back, it’s Mad Max. Hard assets won’t be that important if the situation is permanent. It will be more important to have some means of protection from roving bands of desperate people. This scenario worries me more.

If all financial assets are confiscated, the vast majority are affected and the riots and unrest will be epic. In this day of digital assets it’s either a blessing or a curse. Back in the Great Depression the power of a keystroke to make one whole was not there. Also the opposite was true.