I truly believe we are near the end of a economic cycle in which we WILL (as history has proven) see the collapse of the US dollar. After seeing a 15% jump since election day, I have taken everything off the table. I am in cash in all of my investments. Almost 20 Trillion in debt, stock market bubbles, bond market bubbles, housing bubbles, derivatives worse than 2008, exorbitant student loans and credit facilities... bad, just really bad.
Rather be 15 minutes too early than 15 minutes too late. I would like some advice from similarly-minded mustachians who may be taking a similar route. I currently have assets as follows:
$50K Traditional 401k from Previous Employer (MM Funds) - could be rolled over
$13K ROTH 401K with Current Employer (MM Funds) - No options except mm funds/bonds/equities
$3K ROTH IRA (cash) - could be rolled over
$3.8K Traditional IRA (cash) - could be rolled over
$14K in Savings - Open for ideas
0 credit card debt
Renting, have car loan @ 1.99% - no expeditious hurry to pay off
33 years old and curious what preventative steps others have taken in preparation for a potential US dollar collapse. Anyone have experience with Gold-IRAs or any other asset classes that would fare well in such a frenzied economic environment? Any positive insight on non-retirement assets is welcomed as well. Thanks guys/gals.
- Jonathan