perhaps the value of the dollar is dropping.

Ever since the gold standard got dropped and the national debt is through the roof, i'm low key surprised it's not crashed and burned already

Originally posted by SympliKrazi:

perhaps the value of the dollar is dropping.

Ever since the gold standard got dropped and the national debt is through the roof, i'm low key surprised it's not crashed and burned already

some people say they can always kick the can down the road
I'm not so sure of that, there has to be a time where they cannot keep doing it

Gold and Silver. It's physical. If a bank fails, or economy collapses (Talking around the world here, not just the US), then those items still retain their value, while everything else is worthless. Those savings you had are gone. No one's going to buy your 3 year old car, and no one cares about your Iphone 16.

Can go for other precious items, like gems or coins. Stuff like that always has a buyer, economic crash or not.

Economic crash incoming? Don't know, but given that wars are sprouting up everywhere, from Taiwan, Gaza, Ukraine, the war on cartels in the USA..... Then you have countries trying to get their money back from Covid, and many having issues with things like social care....
Rumours the UK and France are literally on the doorstep of being bailed out...?

Yeah, economies on a world scale are... not great. Little wonder people are pulling their cash out and investing it in things like gold.
Not sure on the Crypto though. That's quite risky.

Well the US govt shut down. That does not exactly instill confidence in the USD.

Originally posted by Liquid Inc:

Gold and Silver. It's physical. If a bank fails, or economy collapses (Talking around the world here, not just the US), then those items still retain their value, while everything else is worthless. Those savings you had are gone. No one's going to buy your 3 year old car, and no one cares about your Iphone 16.

Can go for other precious items, like gems or coins. Stuff like that always has a buyer, economic crash or not.

Economic crash incoming? Don't know, but given that wars are sprouting up everywhere, from Taiwan, Gaza, Ukraine, the war on cartels in the USA..... Then you have countries trying to get their money back from Covid, and many having issues with things like social care....
Rumours the UK and France are literally on the doorstep of being bailed out...?

Yeah, economies on a world scale are... not great. Little wonder people are pulling their cash out and investing it in things like gold.
Not sure on the Crypto though. That's quite risky.

maybe investors are investing also in risky stuff because they see the dollar also as a risky thing to have

Almost 4k. Pretty crazy how weak paper money is

Originally posted by allegedly:

wth is going on? is everyone ditching the dollar?
economic crash incoming? recession soon?

Direct opposite.

nobody is ditching the dollar. Its why gold, silver and crypto are going up. Its a debt based economy and as more debt is being created the amount of dollars being created also goes up. Due to the inflation; all those others things go up in price (not in value).

As long as the debt is increasing - the economy is growing. The prices going up is sign of the economy growing as more currency and debt is created.

Between the war and the tariff war, there’s too much uncertainty in global economy right now.

Nothing will change tho. The rich is gon be richer, the poor is gon be poorer