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/biz/ - Business & Finance

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17902467 No.17902467 [Reply] [Original]

CASH is KING

and will be so for at least 3 months.

Every asset class going to liquidated to raise cash.
There is just too much debt.

I think it’s only just begun and the worst is to come.

>> No.17902498

I think so. Question is what do we buy a couple of months from now (largely determined by how much BRRRRR the Fed will do)

>> No.17902577

>>17902498
Buy now
Need hands of titanium though

>> No.17902598

>>17902577
Buy what? USD?

>> No.17902610

>>17902467
Explain to a brainlet why cash is superior now

>> No.17902623

>>17902598
BTC
Silver
Oil

>> No.17902659
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17902659

>>17902610
Because people panic and want to reduce risk, cash is the safest option to hold in panic

>> No.17902745
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17902745

>>17902467
>Every asset class going to liquidated to raise cash.
no need

>> No.17902804
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17902804

>>17902610
Average citizen / taxpayer $100 000+ in debt. Therefore they literally need cash to survive the week if credit/ leverage is cut. Pic related.

>> No.17902818

>>17902745
Haha. That’s literally them right now lmao!

>> No.17902823

>>17902467
>cash is king
Hyperinflation calling

(X) accept (X) accept

>> No.17903088

>>17902823
it doesnt matter, its the denomination that most people relate to. Whats better mate, during a crisis like this, owning a physical denomination of currency that you can go to the shop/pharmacy/drug dealer and buy goods.

Orrr, you keep it in the bank/stock/crypto and the respective 'asset' liquidates overnight. Might I remind you BTC dropped by 50% IN A DAY!

Dow Jones tanking, etc.etc.

physical money has been with us soooo much longer than all these intangibles, the bottom hasnt been priced in yet.

I lul at the fact the fed bail out money hasnt made a smige of difference.

>> No.17903116

>>17902610
Also it's literally mooning right now vs other currency which makes products and services cheaper.. hang on to those dollars and those products get even cheaper than today

>> No.17903189

>>17903088
>virus can live on the money
Nobody accepts cash anymore.

>> No.17903224

>>17903189
maybe, but what are you gonna risk, having ACTUAL money to live with and buy goods.

Or an intangible asset that could bankrupt you over night, then you gonna be sucking dick for bread, probably more of a contagion than handling money with rubber gloves

>which I have seen already in supermarkets here (britbong)

>> No.17904117

>>17903189
>Nobody accepts cash anymore.
retard kys

>> No.17904206

Holding cash is a good hedge to deflation, short term.
Fed is doing their best to turn it into toilet paper, that's why you need to hold gold too.

>> No.17904302

>>17902467
I'm buying Nervos, desu. Fuck ya'll, this dip is a godsend.