Everyone reading this will be losing money.

Some of you from bad investments and others from the rampant inflation and economic decline, and this economic downturn will last much longer than we expect or wish.

There is little you can do about inflation, but you can do a lot about how much you spend and what you buy.

Food is a necessity, and there will be food shortages.

I am not talking about the type of shortages we saw at the beginning of Covid when people started to panic buy.

I am talking about real shortages of staple commodities that last a long time.

In November 2021, I wrote that you might be better off buying the farm instead of betting the farm on cryptocurrencies or equities. I have some land, and I am happy about it.

It’s not too late. Agricultural land is a must. It’s a good investment, and if, like mine, it has a water source, all the better.

I have some silver and a little gold. It has not given me any great return over recent months, but I am not getting rid of it in a hurry. With precious metals prices still relatively soft, owning a few precious metals is still good insurance, in my opinion.

I have a basket of currencies I keep, and this helps relieve some of the pain.

As I mentioned in previous reports, the dollar will weaken, but it might do better than other western currencies, such as sterling and the Euro.

So far, this is going well. But I have also expanded out of western currencies into commodity currencies, including the Yuan and the rouble.

People may say this is not politically correct, but to hell with that. Political correctness will only make you hungry! We need to look after ourselves and protect our wealth.

Now to address investors and speculators.

There is more pain to come, especially for crypto holders who championed the idea of HODL. (God knows how often I have said this is not a good strategy, if it is a strategy at all).

I am not saying you should dump your crypto now. Because if you have a quality currency, you might do OK. But there is no guarantee that your coins or tokens will be tradable in 2-years’ time, and I am sad to say, this might include a few stable coins.

I say that as a holder of a few coins, mainly CCD, and as someone who will add to these when the market declines further. However, being a realist, I am fully prepared to lose money on these coins should things go wrong.

Because of my background, I manage my own portfolio and do not feel the need to employ a fund manager for this activity. But I strongly suggest that people with less experience, who have sizable assets and exposures, look for seasoned fund managers to manage their portfolios.

I do not manage funds, so I am not saying this for commercial gain.

I suggest seeking out professional players because too many self-trading investors are getting screwed by taking notice of the poor analysis they receive in their mailboxes and on social media.

When you go to court, the judge will always inform you it is not a good idea to represent yourself. In my opinion, the same applies to investing in financial markets. Get a specialist!