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Buy property, silver or gold. Or - in the current climate shares in the airline industry.
by mrvenkman 6y ago
Buy property, silver or gold.
Or - in the current climate shares in the airline industry.
- MaxBarraclough 6y agoWhy precious metals?
- blaser-waffle 6y agoThe perception that they will hold value while other assets are in flux. Because they're, like, metal, and won't rot, turn into water, or dry up, or have their value crash because no one wants to live in Detroit.
- MaxBarraclough 6y agoGold's value floats just like any commodity. Oil isn't going to rot either, but is famously volatile. As I understand it, gold reliably appreciates in times of economic distress. Whether now is a good time to buy, seems like a question worth taking seriously.
- pvitz 6y agoPlease also mention how risky your advice is. Refinitiv calculates currently e.g. an implied probability of default of ~14% for American Airlines and there are price targets of 1$ for them posted by some analysts. The gold price is close to its all time high and silver doesn't move much at the moment.