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?
"Hey, give me $1,000/month and I'll hold your extremely valuable precious metals for you... when the economy collapses and people are stabbing neighbors with sharpened toothbrushes for a package of ramen noodles, we'll give it to you. Promise!"
If you don't hold it, you don't own it.
If shit like that is happening you have more things to worry about then where your fucking gold is stored buddy
No argument there. The physical assets are one of many worries cared for.
Obviously my example was extreme. The point is, the extent of their fuckery and willingness to blatantly violate the law and steal from citizens is seemingly endless.
If you can't hold it, you don't own it.
I think we made full circle. Yeah "you'll have more things to worry about" and gold could be the only thing you're worth to anyone. If you have nothing to offer society, you are only worth what you have in physical assets... physical assets that you can secure and protect btw. Sooooo buy gold, lead and learn some life skillz... like farming and harvesting animals.
It's also precisely the time you want physical assets to trade for food.
Yes. If you have nothing to offer society gold will no doubt be a major trading commodity.
Yep, hard currency is a more advanced form of trade than bartering.