Comment on How is the Stock Market keeping it's value after *points to everything*?
someacnt@sh.itjust.works 2 days agoHmm I dunno, but maybe it is time to diversify. Into euros, yens, and probably yuans. How do you think?
Comment on How is the Stock Market keeping it's value after *points to everything*?
someacnt@sh.itjust.works 2 days agoHmm I dunno, but maybe it is time to diversify. Into euros, yens, and probably yuans. How do you think?
Num10ck@lemmy.world 2 days ago
first off, your trading account is in some financial institution that might itself shatter. without a federal rescue boat to save the little people. second, if the us economy actually collapses 80+%, nowhere else is safe. the european union and japan couldnt fend for itself without the current power balance holding firm. china is in a terrible state itself already. no easy answers.
someacnt@sh.itjust.works 2 days ago
Yeah, trading account needs some caution, indeed. If nowhere else is safe… I guess the answer is the real gold? That’s quite difficult. Do you think 80% collapse would come? That’s gotta be quite wild, I was more thinking of general market crash.
skulblaka@sh.itjust.works 2 days ago
Gold will not hold value if the market crashes like that. Food, water, and land will be what holds value.
Num10ck@lemmy.world 2 days ago
if you knew the correct timing/scale/scope you could be crazy rich from it all. nobody knows, even those causing it. personally ive been out of the stock market for 5 years expecting a crash and it hasnt happened yet.