This morning a friend sent me a video along with a question that turned into a very interesting conversation; should the #middle_class exchange their savings (if any) from currencies to #Gold?

Caution, this is in no way an expert opinion or advice; this is merely a brain fart.

The video talks about the centurial economic cycle in the #US, but for the average non-American it is not very relatable. My answer starts with; I am really not the expert. However, I am sure that the world as we know it ( #politics and #economics) are about to change big time.

If the middle class has any cash #savings, I guess the best #hedge is a basket of currencies and commodity futures. For #investment however, I would invest in food and renewable energy producers; think what necessities people would spend their money on in the coming period.

Gold has always been a safe haven, however I might take on it now is that it is priced in #USD; I don’t trust anything traded in USD. Unless the US launches another war and wins it, their economy is doomed no doubt. However, I’m broke so I really don’t bother .

Then my friend asked me about #real_state devaluation and whatnot, I told him that I’d like to think of myself as a very old fashioned economist and that I don’t believe in the fancy techniques of finance, so for me tangibles rule!

I bought a house to live in, not for investment; what good could money be if I have no roof over my head? So even though it might devalue, I would never sell now, because four walls and a roof are way more safe than paper money. I MAY trade it for a farmland perhaps!

O yeah, and lastly, here’s the link for the video my friend sent;

Please let me know your thoughts on this thread