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?
I have been hearing "physical cash will be useless soon" since the 1990s. Again, reread my post:
We don't know if and when the collapse will happen, and until then, job losses, home repairs, car repairs, medical emergencies, and just life happens. What are you going to do if your furnace breaks tomorrow and it's 10 degrees outside? Pay the repairman in Silver Eagles? Go, "Oh, wait a few hours while I find a LCS that's open right now to cash in my silver"? If you can find one that willing to put up with that, more power to you, but that's just not happening/practical for 99 percent of people stuck in that situation. And to clarify, I'm not knocking people who own precious metals, but have some liquidity available because shit happens.