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Arman · 12 answers · 4y

How would you protect your money in a financial crisis?

A lot of rich people in Spain and Greece converted their life savings into Bitcoin as a hedge against inflation in 2008. I don't trust cryptos AT ALL but it seems like a viable option in the short term.

Im tempted to start investing in stocks but I'll have to do my research first

I'd invest in timeless treasures such as personal education, precious metals and materials, real estate if you're really loaded.

Buy a bunch of gold in small pieces. That I physically have. In a safe. But then, if I lose my house I may wish I had that bank account..

Honestly, we should be spending a little more than normal where we can at the moment - it'll help restart the economy. Obviously no need to by shit, but you shouldn't be frightened to spend in a recession - it'll only make it last longer.

Doing this when a crisis is there is almost impossible. You can plan ahead of any crisis and try to invest it wisely into various things. There is no real safety but that increases chances for some of that money to stay with you.

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