I have $200,000 USD in cash, am I retarded or genius for holding it in cash while the economic shit storm happens...

I’m old enough to remember 2008 as I was an adult when it happened, there are so many parallels happening I can’t ignore. Gas prices also were ATH the summer right before the financial crisis kicked off and by the end of the year oil was like $20 a barrel. It might be a good play but it almost feels like investing in oil is like investing in BTC at $60,000

To add to this point I remember summer 2008 people were hoarding gasoline in big plastic trash cans thinking that gas would only keep going up, that Always Sunny episode was literally what some people were doing, and I recall someone burning their house down with all these trash cans of gasoline they stored in their garage, by the end of the year oil was $20 a barrel

based.
just remember to sell the top

Pump prices may be at 2008 levels, but barrel prices are 25% lower because there were a lot less taxes back then. It's a risky play but i feel like 150+ a barrel is going to happen soon and I'm not worried ifnit magically drops to normal price because i bought when oil was negative

There's a huge difference. Inflation is rampant now. You can't QE and buy MBS to lower interest rates while trying to push inflation down.
It's going to be ten times worse than 2008.

So what’s the winning play here for someone in my position?

Gold and silver. If we get 2008 redux they might go down short term as people get liquidated or need to get cash fast, but so will anything else you can easily invest in.
The Jews and their government flunkies will make sure they get some sort of exit strategy that'll make them richer no matter what, but guessing which one it'll be is pretty hard.

Damn used to see this smug guys face in billboards on Parramatta Road all the time.

>So what’s the winning play
Continue doing what you've been doing. Credit is being eroded and eventually everyone will be reaching for cash, of which you already have.

During a true recession almost nobody makes money, you play defensive and try to lose as little as possible. Certain types of businesses which can adjust may do fine or thrive. When you are just an individual trying to allocate capital nothing is guaranteed to save you, not metals, stocks, crypto, property. You make sure you are not at risk of losing your job or your place of residence and you diversify

Also, my own view is that precious metal wont see significant gains until early next year. Might be wrong though, but holding onto cash isnt half bad either and less risky.

My view is that cash (USD) will go up first before PM just like what happened in ‘08, wanted to ask my Any Forums bros just in case I’m actually retarded

Well duh, but if you keep your powder dry and make the right move someone in my position stands to get rich over the long haul if you buy the bottom and ride the re-inflation

No, you're right. This has all the hallmarks of 08, only worse.

My goal is to be able to afford a small, decent house in a flyover state with cash. Anything else would be an added bonus. No idea what will happen to the housing market though.

>housing market
I imagine that it'll bottom out in late 2023 early 2024, but who really knows.