The Gold Standard: Surviving Economic Uncertainty in 2024

The only thing interesting nowadays is GOLD rest is not something too good at the moment because Goldman sach has increased odds of recession to 30% now.

So after a year later we're now again going through that phase where they're shouting "recession recession blah blah".

Meanwhile Donald trump Vs Kamala is also becoming interesting as we're seeing both sides are promising this and that like typical political leaders trying to get your vote by making promises and giving people hopium (hope) before they get real copium (cope) once one of them is elected.

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In uncertain Time you switch to safe assets from fiat built on lies

The only thing that is more pyramid scheme is actually none other than fiat - it's literally built on lies and more early you realise this simple fact, less loss you'll do to yourself.

_{image by herry wibisono from Pixabay}

Everytime when you hear things like Goldman sach saying odds are now 30% that US will be in recession. So, it quickly made people rethink about their investments in the volatile assets like crypto or even USD.

If I had any fiat I'd dump it instantly because what's build on lies is fiat and government has been lying all this time "inflation is in control" delaying rate cuts and keeping that rates high for more than it should be.

On the other side, it's bitcoin that is more like king of volatility but the fact that it's only asset out there that ain't built on lies.

So, when you're going through an uncertain period or worst thing like bank collapsing, war in the region.. than there's nothing else that comes any closer to Gold and digital Gold.

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The Strength of Gold Nowadays

We saw trillions of dollars wiped out of stock market a week ago after that correction we also witnessed a wild liquidations in crypto that was in worth over billion of dollars.

But here's the only safe heaven which is GOLD

I believe it's not just that people fear about recession that's why they'll pivot to Gold but actually it's people who took profit from stocks switching to Gold too.

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Warren buffet holding cash and t-bills

Warren buffet sold half of apple stocks before it took correction. He also holds more than 250 billion in cash and than a half quarter billion in t-bills aka treasury bills.

_{image by Loyloy Thal from Pixabay}

So with that kind of wealth in liquid form says he might know something no one else knows.

I guess he saw Japan raised interest rates and that was alarming how it is going to impact stocks once it crashed.

Anyway, the fact that Warren buffet made a hell of a great move by selling stocks and keeping that kind of liquid cash to deploy back lower when things are really ugly.

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Wrapping Up..

Well, I'm closely observing how other stocks and assets are doing when bad news are hitting one by one and so far it's only gold that ain't letting anything crush it but it is becoming more and more better.

Let the summer end and this Olympics as well as elections so people get more time and clarity to move the economy either up or down once and for all.

As of now I'm just holding long term assets and watching closely from the sidelines. Feel free to share your thoughts in the comments and how you're planning to save your capital.

fin.

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_{Thanks for reading.Greetings.}

All the content and images are mine except indicated. No copyright infringement intended. 08/08/2024.

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