Who in their right mind is in a bullish frame of mind right now? Just how oblivious do you need to be. Sad to say but I'd be in gold or cash right now, 100%
Just spoke to a coworker who was like "I hear one thing but then I hear a lot of highly-educated experts saying another" and I just said "yeah because highly-educated experts are incapable of lying, right" and left it at that. This guy's quad-jabbed anyway so he probably won't live long enough to worry much more.
I'm personally afraid of having cash as much as stocks if not more.
I can easily imagine a situation where the value of our money decreases while the stock market goes up. But not equally, the market will go up slower than our money devalues. That would be slowing our ultimate demise, but also ensuring it because our money is technically better used in the market, so more of our wealth will end up there. Then the market crashes and we have no cash, not that it would be worth it to have cash anyway.
Smart. I see your point. But. Right now it's about how much depreciation potential you're facing and which denomination. Honestly the smartest thing to do right now is hold rubles.
Who in their right mind is in a bullish frame of mind right now? Just how oblivious do you need to be. Sad to say but I'd be in gold or cash right now, 100%
Just spoke to a coworker who was like "I hear one thing but then I hear a lot of highly-educated experts saying another" and I just said "yeah because highly-educated experts are incapable of lying, right" and left it at that. This guy's quad-jabbed anyway so he probably won't live long enough to worry much more.
I'm personally afraid of having cash as much as stocks if not more.
I can easily imagine a situation where the value of our money decreases while the stock market goes up. But not equally, the market will go up slower than our money devalues. That would be slowing our ultimate demise, but also ensuring it because our money is technically better used in the market, so more of our wealth will end up there. Then the market crashes and we have no cash, not that it would be worth it to have cash anyway.
Sounds like silver or gold are for you.
They are real money.
Soon silver will be unobtainable registered silver in the comex is down from 149 million oz to 41 million since Brandon took office.
Smart. I see your point. But. Right now it's about how much depreciation potential you're facing and which denomination. Honestly the smartest thing to do right now is hold rubles.