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/biz/ - Business & Finance

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19935884 No.19935884 [Reply] [Original]

How do you protect your assets from a Zimbabwe style economic collapse? Let's say someone had 1 million Zim dollars invested in a Zim stock market index fund in the early 1990s. What practical steps could they have taken to protect their assets from the coming hyperinflation and collapse?

>> No.19935948

>>19935884
Store gold in a mountain in Switzerland.

>> No.19935994

>>19935884
Did you consider investing in guns and bullets ? Fences, gated windows and alarm systems are the patrician choice too.

>> No.19936006

>>19935884
Gold/precious metals
Crypto
Real Estate
Shares of businesses that get income in a stable currency
Literally anything but cash retard
It’s not that complicated

>> No.19936024

>>19935884
If you're invested in electronic assets, there is no historical precedent for it. Maybe it'll be worthless, maybe you'll own a smart contracts enforcing personal AI drone bodyguard.

>> No.19936074

>>19936006
Real Estate is cucked. The price of building a house is nothing compared to the price of land in cities.

A reduction in demand or population due to people moving back to regions and fewer immigrants will pop that bubble.
Commercial building rezoning to residential will improve supply too.

Mixed with boomers dying thats free real estate too.

>> No.19936129
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19936129

>>19935884
>>19935994
This. So fucking obvious to /k/ anons. /biz/, /k/ and /pol/ are the boards to monitor if you want to make it.

>> No.19936610

>>19936129
>biz
>k
based

>pol
this is how you don't make it because you got pigeonholed into another fotm philosophical/political ideology from all the glownigger gaslighting that happens there

>> No.19937784

>>19936610
/pol/ was good to get you into politics and know where you stand. However its turned into what you said a honeypot and nothing but raids and mindless drones.

>> No.19939010

Gold

>> No.19939218

>>19936074
I, too, believe that the narrative of city housing is dying. Corona has shown us, that skill and knowledge is more unbound to a certain location than ever before. From an objective point of view, living IN a big city is a complete waste of money. To monetize your skills and knowledge, you most certainly do not need to be in a certain area. And come on, what does a big city make worth living in? The higher crime rate? The pollution? The very high cost of living?
I predict that there will be an attenuated form of city-fleeing to the suburbs. Greater, airborne respiratory diseases will become a recurrent event in the future, thusly making a living in a crowded place unattractive.
So why pay 1500$ for a 30 square feet appartment in NY when you can have the same quality of living in a house in the suburbs - with a house that you can call your own when retired. And a place to live that you can call your own is the best prevention for poverty in old age.

>> No.19939465

>>19936129

Repeater crossbows for European anons?

>> No.19939500

>>19939218

Niggers will follow you due to jewish laws saying you need diversity