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 I am preparing for Global Recession, Be cash rich

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Skidd Chung
post Sep 25 2011, 05:23 PM

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Great topic! I've read from start to end.

Isn't the best way of securing your own wealth or life in case of 'shit hit fan scenarios' is to have some form of asset in other countries? May not be profitable asset but as a base in case really something happens. Like maybe buying a place in Australia or in Europe. Even having relatives there is a great advantage if really our region go Apocalypse on us. Singapore is a likely candidate due to it's closeness to us but may suffer from our over-migration. Indonesia also sounds good but they may have problems of their own. Thai? Philipines?

Regarding gold, do you really hold the stuff at hand at the moment? I mean if there was really a collapse in the system, how do you withdraw your gold from the bank? How does it look like? Coins? Plates? Dusts? How do you figure the weight and the value you can get in the bleak future?





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