Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Fai Mao

No one can be ready. ALL assets , even ones held in your hand, are bought, stored or, traded, are redeemed in USD- when the “ unit of measure “ starts falling, you receive a double whammy. When inflation takes its chunk, the “ triple whammy “ occurs and feeds the USD decline.

My best guess, Argentina, here we come…..it started in 2001 for them-and like them- it will not collapse overnight….a series of crisis’s- inflation, currency devaluations, shortages, lock up of credit, bank failures, etc.


13 posted on 06/01/2023 9:47:40 AM PDT by delta7
[ Post Reply | Private Reply | To 3 | View Replies ]


To: delta7
I agree with you that no one can be truly ready for a crash of the economy.

I don't understand people getting out of the stock market entirely and converting to cash. Inflation will surely eat away at your cash. As for gold and silver, it was mentioned in the article that silver was 60% off its alltime high. That doesn't seem like a great ROI though personally, I do have about 15% of my portfolio in a gold/silver IRA. I track that monthly and it's basically been flat for a long time while my stock holdings have averaged more than a 10% return over the years on an annual basis.

I still think I should keep about 60% of my portfolio in stocks (indexed to S&P 500). If all the companies in the Standard and Poor 500 went out of business, well, then we would have a lot more to worry about.

16 posted on 06/01/2023 9:56:45 AM PDT by SamAdams76 (5,301,904 Truth | 86,921,174 Twitter)
[ Post Reply | Private Reply | To 13 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson