Long-Term Assets:
Long-term assets are anything you own which is not directed to your own day to day consumption: businesses, Stocks, debt instruments, real estate, and commodities including gold or silver.
The proceeds must be held either in cash or invested in short-term Treasuries (maturing in less than two years and held with the emitting treasuries. (With Treasury Direct for the US Dollar.)
No holding must be deposited with any bank.
Best day to sell businesses, real estate and bonds: ASAP.
Best day to sell minerals: Sept 8th.
Options on Stocks Indices:
Given the date of our planned market crash it can be played in a very simple and cheap way:
From the September 1stto September 17that the open buy out of the money up to 100 points out for SP500!) put on stock indices traded on any American market with an expiration date on September17that 5:00 PM EST or later. Being so close to the expiration their price will be ridicule even if VIX is high nowadays: it is all a question of timing!
Why not a later term for options?
We must beware when we trade on an exchange our counter party is the exchange. With a sharp downfall of the market it is very possible that a large proportion of the buyers couldn't make good on their contract so the exchange itself could be bankrupt this is why I recommend not to be greedy and take your money out of the exchange as fast as possible after Sept. 17that 5:00 PM EST and put it in the safest vehicle on earth Treasuries with a term not longer than 2 years deposited with Treasury Direct.
Paying for a high implied volatility price is not the problem in that case. For most of us the transaction price will be even bigger than the cost of the option.
Options on Minerals:
My preferred is without contest Gold!
