Gold hits new record
5mon 6d ago by lemmy.world/u/Pulsar in investing from www.cnbc.com
Isn't a increase in gold price a signal that dollar reserve status is dwindling? What can I do to protect myself?
Don't put everything in one asset class. Spread the risk across assets from bonds, efts, term savers, etc.
Also remember that gold is used heavily in computers so it also jumps when part shortages arise.
That doesn't necessarily help if they are all exposed or in the same currency
Well, then you are asking the right questions. If your expenses are in a certain currency, then expose yourself to revenue in that currency until your risk becomes neutral, then diversify the rest
all you can do in a crash is avoid shit with debt, trust in your DD, and hold on for the ride. everything is exposed to USD and the people running things right now are doing everything they can to collapse the dollar.