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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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18597101 No.18597101 [Reply] [Original]

Since you are the most intelligent people i know, are we really heading toward a financial crisis like in the 1920s?
What should i do to prepare myself? I have no physical gold or silver at the moment. Also no Cryptos. Only some stocks.

>> No.18597152

>>18597101
Buy lubes & kneepads

>> No.18597172

>>18597101
>Since you are the most intelligent people i know
You need to meet more people. A lot more.

>> No.18597193

>>18597172
To be fair it’s pretty hard to beat a hivemind

>> No.18597206

>>18597101
Similar but quite different. Lots of strange market phenomenon occurring that's never been seen before. Arguably, the housing market is in fucking fantasy land too regardless of inverted oil prices and mass unemployment. No one knows what's about to happen, but likely FED just going to keep printing to infinity that's the rocket fuel for the largest inflationary event in history.

Likely we are prepping the groundwork for what will happen as the reaction to this in the next 15 years. Probably much, much worse that 1929, likely forcing an actual monetary reset after MMT backfires.

>> No.18597221
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18597221

>>18597101
>Since you are the most intelligent people i know,

>> No.18597260

>>18597101
Hmm dunno

>> No.18597281

>>18597206
Are you telling me we will have a Hyperinflation like in Simbabwe?

>> No.18597304

>>18597101
Figure out where /biz/ is and don't be there. An index fund that 3x leverage shorts a weighted average composite of /biz/s picks would change the way money is invested.

>> No.18597308

>>18597193
Disgustingly based

>> No.18597311

We are seeing things that have never been seen before. Who the fuck knows what's going to happen?

Strap in.

>> No.18597351

USA is on edge of cliff for Great Depression but the Federal Reserve wont allow and will print all the money they need to buy their way out of it. This will ultimately cause a hyperinflation but first we will see massive deflation as everyone scrambles for cash in the time of crisis. Stocks are bubble, Real estate is in a bubble and now this time we have a bond bubble too. You want cash on hand ready to buy up cheap assets before the hyperinflation comes and you want precious metals. Not paper ones either, real bullion
If shit really hits the fan you want the 5 G's Grub, Gas, Ground, Gold and Guns