/biz/ - Business & Finance

File: 134 KB, 1200x932, 44164455_2482910548417339_1177462024318222336_o.jpg [View same] [iqdb] [saucenao] [google]

Corona crisis and savings Anonymous Sat Mar 14 02:12:49 2020 No.17794938 [Reply] [Original]

Ok anons, I'm a /biz/ noob and I need your help. Let's say I've been saving for a long trip around all of Asia and I'm currently at 6000€ (which is a lot for me, being a student). I'm afraid of losing it because of the corona crisis. Therefore two questions:
>It it likely we will have another financial crisis?
>If it happens, how do I keep my capital? Should I invest? Buy something like gold?

pic unrelated

>>	Anonymous Sat Mar 14 02:29:15 2020 No.17795103 bump

>>	Anonymous Sat Mar 14 02:49:54 2020 No.17795287 File: 77 KB, 581x720, 1480962923979.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Sat Mar 14 02:51:22 2020 No.17795295 >>17794938 Give it to me. Ill triple it at the roulette table

>>	Anonymous Sat Mar 14 02:55:25 2020 No.17795322 The money you keep in the bank is insured. It's safe.

>>	Anonymous Sat Mar 14 03:09:41 2020 No.17795408 >>17794938 -THEME FOR ALL CORONAVIRUS RELATED THREADS- https://www.youtube.com/watch?v=zKe8jze56Vg

>>	Anonymous Sat Mar 14 03:22:52 2020 No.17795513 >>17795322 Yeah but what if it's worthless due to inflation or something?

>>	Anonymous Sat Mar 14 04:22:49 2020 No.17796008 >>17795322 Imagine believing this I'll stick with Ferrum. The risk is worth it for the gains.

Anonymous Sat Mar 14 04:29:16 2020 No.17796080

In Europe, money in the bank is insured up to 50k or 100k€. So there's that, even if the bank collapses, that money is yours.

I wouldn't buy gold. I'd look for good stocks (not airlines or banks) and buy once or two that are down. And then just wait it out.

Btw, careful, people will try to latch on and shill their shitcoins to you. Don't buy them, shillers are desperate to unload their heavy bags

>>	Anonymous Sat Mar 14 04:44:44 2020 No.17796210 >>17796008 >>17796080 Thanks.

>>	Anonymous Sat Mar 14 04:47:18 2020 No.17796227 File: 129 KB, 360x360, 1581440019389.png [View same] [iqdb] [saucenao] [google] >>17794938 >afraid of losing your savings >should I invest? stop sabotaging yourself idiot

Anonymous Sat Mar 14 05:30:58 2020 No.17796522

>>17794938
I'm in a very similiar situation right now only with 13k EUR. I'll go:
>5k BTC
>5k gold/silver (still unsure about ratio)
>3k cash
My other holdings are 55k Link (never selling) and 3500 QNT that I'm trying to get rid of but at these price levels it's pointless to sell. Godspeed to you OP

>>	Anonymous Sat Mar 14 05:43:38 2020 No.17796631 >>17796522 Thanks man!

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