A CALL TO ACTION: I believe many ETFs were created for the big firms to peddle derivative products that the deep state needed in order to create more volume, ultimately in order to benefit themselves. Derivatives are toxic by their very nature, as they are backed by nothing. In the days of financial tribulation, some ETFs and various investments will go to zero. Many already have over the years (albeit usually a slow bleed out), usually to little fanfare as they quietly shut them down. The 3x leveraged Nickel short ETF is a microcosm of a much larger problem in the giant ocean of "diversification of ones assets". Most investors are not diversified. Most should stay away from these products altogether without a deep understanding of the risks, and a mindset that anything inside their system can be completely lost. Now is not the time to increase risk, but rather to decrease risk. Physical Gold and Silver is important, but you need to start to apply Maslow's Hierarchy of Needs to your personal situation, and your base must consist of food, water, medicines, shelter, necessary supplies and anything else you can think of for your personal situation. Once you've secured what you adequately need for 3-6 months, then start to work on the next steps of Physical Silver and Gold. Only keep in the bank what you need for cash flow purposes, usually 1-3 months. Unfortunately most Americans are ill prepared for what's in store. But Christians who understand what's at stake and how the enemy works have already been called up to prepare for God's children who are either unable to prepare, or those who have not found their Faith in Jesus Christ but will find Him in the days ahead. PREPARE the way for the Lord! If you repent for your sins (this is a genuine conversation between you and God), and you show Him by taking steps to clean up your old ways and make a new life, YOU are manifesting that change to all future generations by keeping good practices, while dumping needless or even ungodly traditions that the world has offered. I am forever thankful for my old ways dying, and having the perseverance to create a new life for myself and most importantly, knowing that God loves us all infinitely, and love for my family. God bless 🙏🏻🙌🏻
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Concerns I hear from others are investments in 401’s, IRA’s etc. Any suggestions for how to handle this with family? Most won’t cash out their 401’s. I have suggested they roll them over to a self directed IRA in Precious metals. Any other suggestions. ?