Cash will depreciate with inflation, especially now that the Fed is going to raise rates again. The usual play is to buy gold, which has been going way up for awhile now.
Cash is considered a safe-haven asset though, and it is the most liquid. Other safe-haven assets are government bonds, defensive stocks.
The price of gold tends to go up during bad times and down during good times, so I think that industry is essentially just profiting off people’s fears, and buying now (when it’s price is going up) is a bad long term plan
If one believes the stock market will crash soon and gold price will decline less than other assets, then it still might make sense to buy gold, but I’m not smart enough to time the market like that.
Cash will depreciate with inflation, especially now that the Fed is going to raise rates again. The usual play is to buy gold, which has been going way up for awhile now.
Cash is considered a safe-haven asset though, and it is the most liquid. Other safe-haven assets are government bonds, defensive stocks.
Also I don’t really know what I’m talking about.
The price of gold tends to go up during bad times and down during good times, so I think that industry is essentially just profiting off people’s fears, and buying now (when it’s price is going up) is a bad long term plan
If one believes the stock market will crash soon and gold price will decline less than other assets, then it still might make sense to buy gold, but I’m not smart enough to time the market like that.
i should’ve done this one year ago