Comment on YSK: Assets in a bank, stock market, 401(k) or pension are not guaranteed
chicken@lemmy.dbzer0.com 1 week agoThe imperfect answer is to diversify. If you think there is a real risk that you get screwed by the organizations you are trusting your money with, keeping some portion of your wealth in any of those things you are ridiculing is a rational choice to hedge against that risk.
Those are all also risky, but the risks are different as they are about your personal security rather than trustworthiness of institutions, meaning you have a lot more protection from being completely wiped out in a single event.
Skankhunt420@sh.itjust.works 1 week ago
Yupp this guy is right. I’d also say you should consider that Gold specifically tends to do better when the US dollar is doing bad.
And now that US and Isreal is hellbent on starting a world war I’d say that’s a pretty safe bet to have some gold and silver around.