The thing is most of my gold (i.e. ~20% of my portfolio) is as ETFs. Good luck to me using that when civilisation collapses, if it does (I don’t think that’s happening in the shape and form as it sounds from this article). But then it was not likely at all I would be able to safeguard that in the physical gold form either in that perceived atmosphere of tyranny and mayhem, so that’s there.
One could, however, look to reduce or balance (whatever you wanna call it) USD exposure.
Yeah. And before this the world didn’t only consist of USA but we hinged these conversations on USA. I was commenting in that context.
The number of times I have used TikTok in my life is the integer just below 1.
(And now I am getting a sense of what that “other kind” of echo chamber these platforms are becoming as opposed to that kind of echo chamber Twitter etc are)
I mean the damn thing is banned here.
This is relevant for immigrants who are trying to escape poverty, almost with no future in their own countries either for their personal or professional aspirations. I am not a China fan, but when you look at countries around the world, many of which are very poor and underdeveloped but with lots of brilliant, hard-working people with dreams and potential, they would rather go to a place where they have at least some stability, predicted living and working conditions, and a future, rather than to a place where one doesn’t know whether the potential future mayor of New York City, born and brought up in the USA and hence of course a citizen who happens to be the son of a world-famous filmmaker and a well-known academic, will actually be deported or not. I mean that’s a real possibility at this point - let that sink in. (I am not even going for more extreme examples)
I wish things were better, and I wish we didn’t live in a world where China, yes, China – of all the countries, might become a viable alternative for people from the developing or underdeveloped world compared to the USA.
Simplenote, DayOne, Pocket Casts are already ready to challenge this failure - maybe not in terms of money, Matt. So never say never.