is the market going to crash, and should young people invest in gold and crypto?

quote:

---

he seems to believe this market is gonna crash

---

On a long enough timeline, he'll be correct.

quote:

---

he seems to believe... that young people should put there money in gold and crypto

---

I'll give you three guesses as to what this guy holds in his portfolio.

quote:

---

I have bought a couple of share of barrick gold

---

Buying a gold mining company is not the same thing as buying gold.

quote:

---

OleWarSkuleAlum is that you?

---

Nah, he'd never ask a question. Dude already knows everything. Here's how you do one of his posts


Thread Title: copy/pasted Doom and Gloom headline from Zero Hedge article

Thread Body: 2-3 copy/pasted hot take quotes from said article + some snarky, nanny nanny boo boo I told ya so remark

quote:

---

is the market going to crash, and should young people invest in gold and crypto?

---

If the entire American economy crashes for an entire generation gold and crypto will be worthless.

If you’re legitimately worried that the entire American economic system is going to collapse go stock up on farming supplies and bullets

The bears are getting desperate now. Articles like this give me more confidence.

Oh and go ahead with crypto, good luck with that. We just got through the type of event that people have been claiming was going to bring crypto to the forefront, and what happened? No ones keeping their money in a worthless currency that you can't use in a time of crisis. Im still of mind that bitcoin is a giant pyramid scheme aimed at dumb millennials. I got into crypto a little in 2018 and the more removed I am from that time, the more stupid it all seems, only people making real money (funny how we still judge it by the REAL currency right?) off bitcoin are the people who were there in the beginning.

I’m 25. I am currently buying stocks I believe in long-term that have strong balance sheets. At our age, a market crash should not concern you too much in regards to your stock portfolio unless you own a company that may go under.

If the economy hasn’t recovered by the time we retire, we’ll all be dead or communist.

Here’s 5 stocks I have that I will hold through the whole crisis:

Amazon (AMZN)
Brookfield Asset Management (BAM)
Walmart (WMT)
Western Alliance (WAL)
Discover (DFS)

I also hold etfs like SPY, SPHD, and SPYD

Gold is never a bad investment. Only a matter of time before we move from our current fiat money system and back to a gold based dollar.

I wouldn't touch crypto.

quote:

---

. I got into crypto a little in 2018 and the more removed I am from that time, the more stupid it all seems, only people making real money (funny how we still judge it by the REAL currency right?) off bitcoin are the people who were there in the beginning.

---

So you bought high? Lmao since it crashed down to 4kish it went back up to 6.5-7.5k. You could’ve made plenty Of money entering crypto in 2019 and 2020. Some major companies are accepting crypto payments nowadays. Also BTC halving coming up, in a few months til gain more value. But you shouldn’t be buying crypto bc you think the US market will crash. In fact it seems to track the market relatively decently. But Boomers like you should probably leave the money to be made in crypto to the ‘dumb millennials’.

I am a millennial, early 30s. I actually never lost money on bitcoin. I had 3 wallets that had remnants of transfers to sports betting sites in like 2013 that ended up being around $1000 after that bubble, I lost that playing around with other currencies but I never actually put more dollars into it. Had a roommate who "traded crypto", was actually doing very well for himself when he moved out before it really crashed. Last time I checked with him was late 2019 and he still had alot in crypto and hated himself for it.

I've done very well in equities since then, and its actual real things, with value and not strictly just pyramids, charts, and timing. So I'm cool with it, good luck to you, glad to hear it seems you got your timing right. Maybe I'm ignorant, but somehow I don't think it will impact my life that much.