Quote from: sana54210 on October 22, 2022, 08:59:42 PM

Quote from: Oceat on October 19, 2022, 11:58:33 PM

Perhaps most people didn't know it yet on how to secure their money when/during a global recession. Only few people have the knowledge of securing their money by investing lands and metals in the past but for now it's different since we have bitcoin already. But it's not for everyone when talking about investment about land and metals but thankfully we have bitcoin today and poor people have the chance to invest their safe money, although the problem may rise due to needs and wants.

It is easier for people to invest into gold because they know in their brain that it will always recover and it's a valuable thing and its scarce so it can't be printed like money. The moment they eventually realize that bitcoin is similar and people can't make money from it like fiat, and you could always trust it to get back, and if you could end up with a situation where you can even spend it, then they will realize how amazing it is.

So far too many people considered it as get rich quick type of investment and didn't trust the credibility of it, and if they could end up with something better in the long run like gold, they would invest a lot more into it.

Gold and Bitcoin would be the king of assets for people to keep their savings against this inflation. If you look back when the 2008 Mortage crisis, gold pulled a massive rally up to over $2,000 per ounce a few years after that when inflation was at its peak. Today, we also have Bitcoin so both can be alternatives for people to invest in. More basket is always welcome to lower your risks. Sure, FED tried to increase the interest rates to pull back the dollar rate, 'export inflation' to the world after their massive 'print money' in the covid pandemic a year ago. But this in the long term will harm other sectors of the economy of both US and the world.