4 ms·

Could you point me to an alternative investment that can not lose its value, please?

dmichulke 5y ago
Gold maybe. But gold is not a currency either, so hmmm. In all earnest, I wonder when the mainstream will realize that in a digital world the store of value and a currency can be different because they are easily interchangeable. Just like bonds or gold for long term investment (store of value) and dollar (currency).
- petre 5y ago
  Good luck transporting and securing larger quantities of gold and also exchanging it for money. One basically has to declare any quantity in excess of six ounces / 170 grams of gold because it exceeds 10k US dollars / euros.
  - chii 5y ago
    what's wrong with declaring? It's not like it'd be taken from you...unless you illegitimately obtained it.
    - faffe 5y ago
      It can via tax...
    - McScroogy 5y ago
      If there is a wealth tax, as is being discussed in many places, it could be taken from you.
  - iso1631 5y ago
    If you carry your bitcoin wallet with you do you need to declare that?
- baq 5y ago
  paper gold trades like a currency, bitcoin trades like a commodity. gold - the real thing - i guess you should have some, but this is more like insurance than asset, don't ever sell unless the world is ending stuff.
matkoniecz 5y ago
There is not such thing. Every single thing can lose its value. In addition: Real estate can be bombed in a war or confiscated[0] and is not mobile for obvious reasons[1]. Gold can be stolen, confiscated - and it happened already more than once. Companies can go bankrupt. Items - either productive like machinery or various stores of value like art are not immune. Cash/bank accounts - well, money printing will get you here. Cryptocurrency - ridiculously volatile, many exciting dangers, can be stolen remotely with no recourse. You are looking for an unicorn. [0] For "real estate will never go down in value" fans: https://en.wikipedia.org/wiki/File:Destroyed_Warsaw,_capital_of_Poland,_January_1945_-_version_2.jpg https://en.wikipedia.org/wiki/File:Destroyed_Warsaw,_capital... https://en.wikipedia.org/wiki/File:German_Brennkommando-firing_Warsaw_1944.jpg https://en.wikipedia.org/wiki/File:German_Brennkommando-firi... [1] Fun fact: Polish words for real estate is "nieruchomości", "nonmovables"
- McScroogy 5y ago
  I thought as much. I suppose some things are riskier than others, but at the moment I really don't know which ones.
  - baq 5y ago
    risk always changes. you should be constantly reviewing and updating your exposure according to your risk assessments. (for some, this is daily; for others, once a year may be enough.) if you don't want to do the work - understandable, since it's an impossible amount - you might want to start from looking at the bond market. this is what they get paid for. (not saying that you should be buying bonds - but look at relative price of bonds)
- chewz 5y ago
  > [0] For "real estate will never go down in value" fans: You realise that these properties in the picture (Plac Defilad right in the centre of Warsaw) are worth a lot nowadays. And descendants of the original owners get compensated (the land had been confiscated after WW2 by communist government). So I would rather say that real estate could be illiquid with temporarily depressed prices occasionally. https://pl.wikipedia.org/wiki/Plik:Panorama_ul._Emilii_Plater_w_Warszawie_radek_ko%C5%82akowski.jpg https://pl.wikipedia.org/wiki/Plik:Panorama_ul._Emilii_Plate...
f6v 5y ago
Education.
- 13of40 5y ago
  I had a friend who was a lawyer in South Africa before their political upheaval. Once his career of choice ceased to exist, he ended up becoming a software tester, then an IT guy at a bank.

Gold maybe. But gold is not a currency either, so hmmm. In all earnest, I wonder when the mainstream will realize that in a digital world the store of value and a currency can be different because they are easily interchangeable. Just like bonds or gold for long term investment (store of value) and dollar (currency).

petre 5y ago
Good luck transporting and securing larger quantities of gold and also exchanging it for money. One basically has to declare any quantity in excess of six ounces / 170 grams of gold because it exceeds 10k US dollars / euros.
- chii 5y ago
  what's wrong with declaring? It's not like it'd be taken from you...unless you illegitimately obtained it.
  - faffe 5y ago
    It can via tax...
  - McScroogy 5y ago
    If there is a wealth tax, as is being discussed in many places, it could be taken from you.
- iso1631 5y ago
  If you carry your bitcoin wallet with you do you need to declare that?
baq 5y ago
paper gold trades like a currency, bitcoin trades like a commodity. gold - the real thing - i guess you should have some, but this is more like insurance than asset, don't ever sell unless the world is ending stuff.

matkoniecz 5y ago

There is not such thing. Every single thing can lose its value. In addition: Real estate can be bombed in a war or confiscated[0] and is not mobile for obvious reasons[1]. Gold can be stolen, confiscated - and it happened already more than once. Companies can go bankrupt. Items - either productive like machinery or various stores of value like art are not immune. Cash/bank accounts - well, money printing will get you here. Cryptocurrency - ridiculously volatile, many exciting dangers, can be stolen remotely with no recourse. You are looking for an unicorn. [0] For "real estate will never go down in value" fans: https://en.wikipedia.org/wiki/File:Destroyed_Warsaw,_capital_of_Poland,_January_1945_-_version_2.jpg https://en.wikipedia.org/wiki/File:Destroyed_Warsaw,_capital... https://en.wikipedia.org/wiki/File:German_Brennkommando-firing_Warsaw_1944.jpg https://en.wikipedia.org/wiki/File:German_Brennkommando-firi... [1] Fun fact: Polish words for real estate is "nieruchomości", "nonmovables"

McScroogy 5y ago
I thought as much. I suppose some things are riskier than others, but at the moment I really don't know which ones.
- baq 5y ago
  risk always changes. you should be constantly reviewing and updating your exposure according to your risk assessments. (for some, this is daily; for others, once a year may be enough.) if you don't want to do the work - understandable, since it's an impossible amount - you might want to start from looking at the bond market. this is what they get paid for. (not saying that you should be buying bonds - but look at relative price of bonds)
chewz 5y ago
> [0] For "real estate will never go down in value" fans: You realise that these properties in the picture (Plac Defilad right in the centre of Warsaw) are worth a lot nowadays. And descendants of the original owners get compensated (the land had been confiscated after WW2 by communist government). So I would rather say that real estate could be illiquid with temporarily depressed prices occasionally. https://pl.wikipedia.org/wiki/Plik:Panorama_ul._Emilii_Plater_w_Warszawie_radek_ko%C5%82akowski.jpg https://pl.wikipedia.org/wiki/Plik:Panorama_ul._Emilii_Plate...

f6v 5y ago

Education.

13of40 5y ago
I had a friend who was a lawyer in South Africa before their political upheaval. Once his career of choice ceased to exist, he ended up becoming a software tester, then an IT guy at a bank.