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Ga nostriches, hey UK, the October 2022 gilt crisis called, wanting some of its glory back.

Highest 30 year #gilt rates since 1998 and while I’m no bond trader, only see the trend continuing!!!

This is literally how sovereign debt crises begin.

Gm nostriches, combine the current state of the guilt market with the value of the house I live coming into Rachel’s cross hairs, and so beautifully calm that the crumbling building I live in isn’t also my store of value AND what I’m relying on for my later years.

Buy #bitcoin, sell your guilts, sell your house, carefully consider your current allocation to chair and maybe workout if you can do with less, but definitely protect yourself against government seizure of assets. Oh and while o think less gambling is probably a good thing, Gordon, will you kindly fuck off! Your gold plan was 💩 and bailing out the banks was criminal, so get back in your box

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Discussion

Dune Messias 4mo ago

GM!

Henry 4mo ago

What does the government say?

Chancellor Rachel Reeves says there's "more to do to ease the cost of living,"

😱 Make it stop Dug.

Dug 4mo ago

I’m not a financial advisor and this is not financial advice, but exiting gilts, property, and British equities feels like a good plan. No, you can’t live in your bitcoin, but you can rent somewhere for an ever decreasing portion of the stack you built from selling your house. 🫡🙌

Henry 4mo ago

Its very tempting to try sell the house and rent. However I can see round here things are already slowing down. I think by the time the cash comes btc will be up and disruption will be pretty bad. The only upside will be saving capital if leaving does seem to be the best course of action. I dont have anything but hard money really, but the inflation still sucks.

Dug 4mo ago

Good job what I said wasn’t “advice”. Sold my rental earlier in the year, but into a weird isolated market. Non advisor investor report from the trade, bitcoin up more than the property would have gone up (in 5-10 years) and no maintenance required!!!!. Going to read the recent Tuur report, about persuading my family to do the same.

Henry 4mo ago

The only thing I havent do that I perhaps should have is sell some silver at the bottom of the btc bear market . But physical hard money is somewhat reassuring to have too so I dont regret it completely.

Dug 4mo ago

A little stack of silver will be very valuable to trade with the luddites when shit truly hits the fan!!!