I'm sure many of you have heard that the white house has said that a recession isn't inevitable, which makes me think that it is, in fact, inevitable.

I've purged unneeded subscriptions, eating out, and now I only travel by car when necessary, which is fairly often unfortunately. what else can be done to soften the blow?

  • daviepluton [she/her]
    ·
    2 years ago

    Unironically buy gold as it's an inflation hedge. Keep in mind the value is just what wholesalers fixed it to be during the day. Will still go down because America tanks the world economy too. Silver has been recommended but I don't because it's volatile. If you have a lot of money you can figure out what part of the business cycle you are in to cash in on the cheap stocks for a rebound. Other than that might as well stock up on beans and rice since the leeches will raise the prices.