I mostly agree, here is what I have been considering
- The crash will come, but we dont know when. So I think it is wrong to be overly scared. Just try to avoid long term commitments.
- Crypto is very hard to estimate. I think that crypto might not get squeezed that hard because the people that have a lot will probably not have much trouble in the crisis. Also some people may try to hide their capital in crypto so it cannot be confiscated.
- Gold seems okay, stocks of property as well
- Cash is also important. Typically cash devalues after the crisis, but there are risks of confiscation (see greece) and also risks of hyperinfaltion.
- If possible dont have debts. Nothing is worse than being forced to sell at the lowest possible prices. Therefore it is good to have some cash buffer to survive on during the crisis.
To sum up, I am holding a mix of enough fiat to survive some time. An equal amount of gold and some more stocks. Then the majority in crypto. Lets see how it works out.
Interesting! Thank you!