So what do you do, run to cash which is losing 15%+ per year and accelerating?
We are so screwed.
That is THE question.
Spouse and I are hoarding cash, but nowhere to go. I want to maintain liquidity but lose money on savings or even money market accounts. I don’t dare add to our portfolio as we’ve already lost a lot, even though I pulled back significantly in months past.
Only thing I can figure is stay liquid and buy practical assets, i.e., not gold or silver.
“””So what do you do, run to cash which is losing 15%+ per year and accelerating?”””
The dollar in your pocket on Jan 4, 2022 is now worth about 95 cents due to the inflation in prices.
The dollar in your stock account on Jan 4, 2022 is now worth about 75 cents.
Gold and silver used to be a good place to move your money when the stock market collapses. So far this year that is not the case. Gold was 1812 on Jan 4 2022 and today it is 1819. In other words gold has been no better than simply holding dollars.