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M95D 19 hours ago

It can't be cash today. Back then, cash was tied to gold. Now any governement can print more cash to "ease" the crash and it's the very first thing they'll do.

josefresco 13 hours ago | parent [-]

So, gold then?

M95D 11 hours ago | parent [-]

Gold can't be sold (easy), unless you trust the bank to hold it, but then, if the bank fails you might not get your gold or your money back.

Also, gold won't help at all in case of a crash. What you'll need is food and gold value is too big to buy food. Silver might work, but it has taxes unlike gold.

ninininino 9 hours ago | parent [-]

Gold can absolutely help in a crash. While it's more correlated to equities than bonds or cash, its better to be in equities and gold than pure equities in an equities crash during a period of high inflation.