I was surprised to learn this on YouTube shorts after watching some random financial posters. It definitely makes sense tho if cash is depreciating yearly through inflation. You're better off investing it in something that at least appreciates in value at a similar or better rate.
Remove cash reserves from banks as you will not be able to get it out later. Even if 90% are unemployed you will still be expected to make your payments. The best part, you will be paying them back with worthless fiat as inflation skyrockets. Convert some cash reserves to silver so when it’s 10k/oz you can pay off your home with a pocket full of coins you bought $1000 in today’s USD.
You don't need to be a financial expert to know saving fiat is absolutely stupid.
I was surprised to learn this on YouTube shorts after watching some random financial posters. It definitely makes sense tho if cash is depreciating yearly through inflation. You're better off investing it in something that at least appreciates in value at a similar or better rate.
Something physical would be my preference: bang sticks and ammo, food, water, emergency kits, gold, silver...but also, LAND
And weed
Remove cash reserves from banks as you will not be able to get it out later. Even if 90% are unemployed you will still be expected to make your payments. The best part, you will be paying them back with worthless fiat as inflation skyrockets. Convert some cash reserves to silver so when it’s 10k/oz you can pay off your home with a pocket full of coins you bought $1000 in today’s USD.