RE: Possible Economic Crisis & Crypto
You bring up some interesting points. Keep doing it. I find it very interesting as I had followed the last economic crisis in 2008-09. The USD is now falling - definitely.
Re: Economic crisis - I am in a quandry on what to do. In 2008, when the US and world economy was collapsing, intelligent economists and expert traders said the same as u......I followed a lot of that and lost money as the USD became stronger. Gold and commodities crashed, as did other hard assets. No one had predicted the way it turned out.
What happened was that people around the world flocked to the USD because the US was the most stable country and economy. Even though it looked like the US economy would collapse, it was considered a better value and less risk than any other country.
I bring this up not to contradict u, but because I really don't know what to do. I welcome your ideas.
It is hard to say how things will play out, but there a few factors which may make a difference this time, last time the housing market crash actually helped the dollar in a way as people attempted to recoup the usd.... This time may be different as it really depends on what is causing the crisis. If rising inflation is the cause then I am confident that precious metals will be a smart investment. It will be interesting to see how cryptos fare. Land and commodities will probably be safe bets as well, but only time will tell. Thanks for the feedback!