Cash will lose value just exactly as the money in your account.
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inclementimmigrant@lemmy.world 9 hours ago
Maybe time to move retirement accounts into cash.
Scrollone@feddit.it 7 hours ago
bridgeenjoyer@sh.itjust.works 7 hours ago
I’d do this but its probably the wrong move. I tend to go with the steam method: do nothing while everyone else scrambles, profit.
Griffus@lemmy.zip 7 hours ago
Or invest in non-US to keep them safe. Like Norwegian funds while the orange is oranging to gain on the oil price boom, and then spread out to European and emerging markets when he has his first public stroke in a few months.
Skankhunt420@sh.itjust.works 1 hour ago
I’d be shocked if any other country let’s Americans use their banks and markets but I mean I guess its possible I know there’s forex and stuff like that.
I’ve always heard no one wants Americans to open bank accounts if they aren’t living there
Jyek@sh.itjust.works 7 hours ago
Move it to precious metals or assets that historically average flatter value through crashes. The dollar is highly volatile in economic crisis.