to put this as simple as possible. Is the economy going to dump more and then eventually go back up, indicating a buying opportunity in stocks, real estate, etc. Or is all going to zero? Would I be safe if I invest in good companies or is it not worth it all,because the USDollar may go to zero? What are your thoughts? Should I take this as a buying opportunity or embrace the possibility of a complete financial collapse where my money is now toilet paper?
Im just a broke trade school student unsure about this whole shitty clown show, and dont want all of my money to go down the drain.
To go off topic a bit, Would trump even let that happen, because if you introduce a new financial system, what are you going to do if millions of hard working middle class Americans lose all their wealth from the old system?
All you experts saying to get into precious metals...why exactly? If the shit hits the fan to the level that we think it will, gold and silver will be nothing but pretty shinies. You cannot eat it, you cannot plant it, it will not grow, etc. Hell oil sounds like a better idea if you can lay your hands on enough past your own needs.
In a future where the global economy has collapsed, people will be bartering with food, guns, ammunition, etc. You'll open your safes and look at the stacks of metal and wonder what the fuck you're going to do with all. You cannot use bullion to buy food today, what makes you think you will be able to in a Road Warrior type world?
Speaking generally, people who invest in precious metals do it as a hedge against hyperinflation scenarios like Zimbabwe or Venezuela rather than a straight up Mad Max-style collapse. But yes, even prepping for a realistic hyperinflation scenario, you should prioritize having food and emergency preps in place before investing excess cash into metals.