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RE: Steem Bounty - What is the Best Thing to Do When You Expect the Stock Markets to Plummet in the Next 6-12 Months?

in #steemit7 years ago

Thanks for the reply @pandorasbox!

Gold seems to hold up pretty well during crashes of the stock market (https://goldprice.org/gold-price-chart.html). Also, gold seems to go up when more money is printed (USD). On the other hand you might say that the gold price is artificially high now since the US started printing a s***load of it in the last 10 years. Not sure what that will do.

Land is indeed interesting, it has its use and supply is finite. I do however think that land and houses are positively correlated with the stock market (based on 2008 crash). But, that is more of a feeling than fact checking from my side.

Extreme poverty is unlikely, I expect something like 2008, maybe a bit worse. Governments saving private companies etc...

I find it difficult to determine what will go up if the rest goes down. I'm also tempted to say crypto, but we'll have to see whether the rest of the world thinks so too. Actually, the big guys getting into crypto and realising nice gains, might temporarily cover up the problems and delay a crash. But that is only when they get in big time, and fast ;-)

We'll see.

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