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mikewarot 5 hours ago

I find it hard to justify any conclusion other than we're about to repeat the crash of 1929 in terms of stock prices. Back then, stocks dropped 90% over 3 years. We'll be lucky if 10% actual value remains after the bonfire that's about to happen.

soupfordummies 4 hours ago | parent [-]

So, what, should I withdraw my 401k and buy physical gold?

dgellow 3 hours ago | parent | next [-]

That's up to you, but if there is a crash it's very unlikely to be before a major hyperscaler decides to reduce or stop their infra expenditures (which isn't happening, like, quite the opposite). That's what I would personally see as the top signal, but it's pretty dumb to exit the whole market because of a possible crash at some point in the future, without anything you see as a catalyst. Also, gold is completely overrated, it's not at all a safe place where to put your money and you have no idea how it would correlate with an AI bubble burst

overtone1000 3 hours ago | parent | prev [-]

Uh oh, this is the comment chain where somebody is gonna say "fiat"

mikewarot 3 hours ago | parent [-]

Fiat money sure came in handy when 10% or more of the trees in my entire county were blow over toward the east.

Long term, you're getting eaten by inflation, but when the power grid, and most cell sites are down, cash is still king.

The real lesson I've learned is that a small generator consumes about 10 gallons of gasoline per day. There's no way to store enough of it to last through a total collapse, even if you could keep it from being stolen.