Pivot Cash @ Bank to ????
So: the Central Banks are pumping liquidity for all it’s worth, yet here in my Country (Aus) large institutions have pulled their bond offerings (including the major banks) and the treasury officers in these companies are worried.
On top of that:
These are both “small” in the grand scheme of things are already had problems but I suspect there will be more.
– Banks to Limit Cash Withdrawals
– “…there’s absolutely going to be a major bankruptcy in the institutional banking space”
So…..as interest rate fall, and the risk with Banks rising, keeping Cash @ Bank looks like a poor investment. If so, what asset class do you pivot to next?
– More Gold?
– Actual Cash?
– Pokemon Figurines? 🙂
Depends on your situation
Do you already own farm land? If not, that would be strong possibility. Dont know farming? Buy orchard or or food forest.
The future holds much disruption. Think supplies and means of production.
Beans, bandaids. Soil, silver, seeds.
Also evaluate your team. Might be a good time to buy into a preparedness / self sustaining community
In the short term, I think actual cash is a requirement — at least enough to get through 2-3 months of living expenses. The answer Durable gave is more about longer term strategies, and there is a *lot* of good information on this web site about that. Start at the “Learn” tab (above), and go through The Crash Course. That will give you the frame to start thinking about resiliency for the longer term.
Good luck to us all!