Quote from: Ucy on August 27, 2019, 03:02:24 PM

Quote from: Febo on August 27, 2019, 12:37:17 PM

Quote from: Dark.Island on August 27, 2019, 12:24:45 PM

As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?

You cant avoid it. If it will happen it will happen. You cant do anything about it not to happen. What you can so it to use it in your advantage. You can do that to store your wealth into some liquid asset that will not lose value now. In past that was Gold. Then when prices fall most you use that Gold to buy whatever is there to buy. Of course you can fail at doing so. Maybe crisis will never come, maybe will only come in many years from now and you will buy Gold to early. Maybe you will start spending gold to early since crisis will be much deeper as you expected. Maybe you will start spending your Gold to late since crisis will be much weaker as you expected. This reminds me of day trading in crypto.

Gold will likely not do OK during a global crisis. Most people will be struggling to
Feed
Drink clean water
Treat diseases
Bath
Stay clean during menses
Stay secured
Stay informed

Few will be concerned with personal luxuries and beauty. I think gold will probably be worthless.

Food, Water, medicine, clothes, toiletries would likely cost more

Most people will but 1% of people holds most of wealth. They will not struggle anything but will want to safely and as anonymously as possible preserve as much of their wealth.