The great depression took about 7y for investors to be break even and about 25 for actual point recovery in the Dow (more dividends than straight stock increase back then). The 08/09 recession was point recovered in about 4-5y on the stock market. If the country collapses your money is worthless regardless of where you stored it. If the country recovers you’ve made it ahead a bit.
Not really, financial collapse=back to barter system= “fine” metal has limited value. Copper, tin, iron sure but no one needs gold or silver in that scenario. The people who will want it will be limited to those with excess and they’ll know no one else wants it.
If you can’t eat it or use it it isn’t worth anything with the world in that state. There’s wonderful things called notarized (or in this case just witnessed or just trusted) deals regarding situations where someone might want/need something they cannot get with their resources at the time. Things such as land or labor can be used as collateral. Currency requires some sort of centralized organization to say it has worth. Financial collapse means that would take a long time to return.
Currency doesn’t require centralization, just a social agreement. You can trade beaver pelts even if you’re not a trapper or furrier yourself. Or you can all agree to start using something that’s easier to carry, isn’t easy to obtain, and probably still has some intrinsic value… that’s coinage.
That’s only because you’re not looking at decade timeframes. Pro tip, buy a bunch of cheap real estate now and it’ll be several times more valuable in the future!
What do you mean you can’t afford that? Have you tried being born to rich parents?
I am having trouble seeing this as a dip
The great depression took about 7y for investors to be break even and about 25 for actual point recovery in the Dow (more dividends than straight stock increase back then). The 08/09 recession was point recovered in about 4-5y on the stock market. If the country collapses your money is worthless regardless of where you stored it. If the country recovers you’ve made it ahead a bit.
https://www.mymoneyblog.com/25-years-1929-stock-market-crash-myth.html
The only place your money would be safe is in physical gold. Just learn to hide it really well.
Not really, financial collapse=back to barter system= “fine” metal has limited value. Copper, tin, iron sure but no one needs gold or silver in that scenario. The people who will want it will be limited to those with excess and they’ll know no one else wants it.
If you can’t eat it or use it it isn’t worth anything with the world in that state. There’s wonderful things called notarized (or in this case just witnessed or just trusted) deals regarding situations where someone might want/need something they cannot get with their resources at the time. Things such as land or labor can be used as collateral. Currency requires some sort of centralized organization to say it has worth. Financial collapse means that would take a long time to return.
Currency doesn’t require centralization, just a social agreement. You can trade beaver pelts even if you’re not a trapper or furrier yourself. Or you can all agree to start using something that’s easier to carry, isn’t easy to obtain, and probably still has some intrinsic value… that’s coinage.
That’s only because you’re not looking at decade timeframes. Pro tip, buy a bunch of cheap real estate now and it’ll be several times more valuable in the future!
What do you mean you can’t afford that? Have you tried being born to rich parents?
It’s a French dip. Comes with some extra hardware. Bon appétit!