Hey guys, I’m a college student who’s neither rich nor broke. I am aware that buying gold 99 times out of 100 is a pretty bad idea as it only scales with inflation and has a chance to drop in value if a large amount of it is found.
However, given what may happen on Oct. 18, with the possibility of the US defaulting, that may lead to a lot of inflation leading to this having a possibility of being the 1 in 100 situation. So should I even consider it, or should I go for commodities instead or something?
Note: Even if I do end up buying gold, I hope it doesn’t work. I really hope they decide to raise the debt ceiling so people don’t starve and suffer.
Submitted October 03, 2021 at 10:18AM by TOAOFriedPickleBoy https://ift.tt/3a3R86Q
