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Gold and BTC are not suitable for emergency funds: liquidty, low volatilty and easy access is what you are looking for.
by glutamate 5y ago
Gold and BTC are not suitable for emergency funds: liquidty, low volatilty and easy access is what you are looking for.
- luciusdomitius 5y agoIn a highly inflationary environment, low volatility simply means you get burned. OP is asking how to avoid exactly this.
- unmole 5y agoHaving emergency funds in highly volatile assets simply means you get rekt in an emergency.
- luciusdomitius 5y agoAlright, let's look at historical data - who was more successful at fleeing Nazi Germany? The ones who had jewelry in their pockets, or the ones holding a fat bag of reichsmarken? It is THIS obvious.
- deleted 5y ago[deleted]
- bb123 5y agoAn emergency fund is for paying your mortgage if you lose your job, or settling a large car repair bill. No one here is seriously asking how to protect their investments while fleeing on foot from a genocidal regime in total war.