Quote from: lightfoot on August 15, 2019, 02:10:05 AM

So what holds value as a contra-asset in recessions these days? First person to say Gold gets spit on; I remember watching the stock market implode in 2008 and watching the value of my gold holdings collapse just as fast.

Some cash is nice, but even that's turning into crap, and slaves just don't cut it anymore...

I talked to my brother who is an Edward Jones Financial advisor. Told him 5 months ago I wanted to 'take some off the top' on my traditional investments to fix up my house.

(siding/windows/misl)

I just told him I'm old enough to remember like 5 recessions. A regular recession is a 20% correction. I expect (IMHO this year) a 40% correction for various social and political

reasons. In that it takes an average of 7-10 years or more to recover from a recession, I figured it was a good hedge.

He agreed, which told me 5 months ago, we were probably going to see this happen.

So from my point of view as a hedge, if I'm wrong and we have a soft bounce and/or sideways with traditional investments and such, my now fixed up house goes up in value.

ie hedge

If I am correct and expect a recession my house has trimmed off some $$ otherwise lost in the recession and likely increase in interest rates and other events means..yep, my house

goes up in value.

ie hedge

Anyway, how I figured it.

Then the last hedge is the BTC and Crypto Hodl Hoard, in case everything really goes to hell. Also, of course, have NO DEBT.

So from a 'coping mechanism' point of view on economy/politics/etc out of my control, it seems to be all covered.

Any other hedging from economic calamity will require a bunker being dug and me learning how to can food. (a step too far IMHO)

So bring it on World.

Bitcoin HODL has made me 'brave as f*ck'

later

Brad