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> Investors don’t want to put money in a place where saying the wrong thing or associating with the wrong person could negatively impact your ability to transac
by matwood 1y ago
> Investors don’t want to put money in a place where saying the wrong thing or associating with the wrong person could negatively impact your ability to transact in that country
I don't think people understand how fortunate the US is to be reasonably uncorrupt/have a solid rule of law, have the world reserve currency, and for the most part be where any company in the world would prefer to be incorporated. That type of branding is impossible to put a value on.
Unfortunately the US is currently speed running to remove these advantages. Luckily it takes time for large money outflows to occur, and hopefully US law can hold in the meantime.
- Esophagus4 1y agoYou’ve articulated one of my biggest, cash-under-the-mattress, doomsday fears: that if the US continues this path of removing those corruption / rule-of-law guardrails, there is a lot at stake for us to lose. Maybe I’m just paranoid, and I know it doesn’t happen overnight, but my goodness… that keeps me up at night.
- sokoloff 1y agoPrecious metals under the mattress is probably a better idea than cash against these risks.
- Esophagus4 1y agoOr maybe this is one of those where the crypto guys can finally say to me, "I told you so" :)
- fragmede 1y agoGLD has been bringing in decent returns.