• cAUzapNEAGLb@lemmy.world
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    1 day ago

    Think assets - the main issue is that all major currencies, banks, and exchanges are deeply correlated to the petro dollar - anything tied more closely to the currency than it is to practical reality is likely too correlated to the usd.

    Think of things that could remain useful and valuable outside of the financial system collapse

    precious metals, real estate, tools, farms, service and manufacturing businesses

    These assets require more effort and have less protections and are currently less liquid than the standard financial instruments of stocks and bonds.

    however as a person who beleives in the inevitability of a global financial currency reset/collapse within my lifetime - i weigh those risks and efforts and liquidity as more acceptable than the old/current era’s stocks and bonds - i still hedge my bet by owning stocks and bonds of course - but the ratio between real assets and financial instruments is shifting more to real assets

    Do not trust financial instruments that represent real assets like reits or things like gld/slv or futures - during a force majeure event they will just be pieces of unenforced paper

    • hector@lemmy.today
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      1 day ago

      As to precious metals, forget gold, get platinum, pallidium, and physically hold it. Those have intrinsic value, they are catalysts for chemical reactions. Gold is worthless outside of being a decent conductor for high voltages that won’t burn up, but so is the aforementioned.