china
New Contributor
Re: Due Diligence: Here's what's happening to US Financial Market
All of the markets are falling now: Asia, USA, Europe.
I would suggest holding cash or metals (not ETFs but bullion coin metals or even jewelry).
I'm an oddball but I would also suggest holding prime art and antiques that appeal to those outside of the USA (Middle East in particular). A prime antique would be something incredibly rare (one of a kind). Persian carpets are good -- but you need to really study up on them and you need to market them to the middle east. Huge natural diamonds are good, along with exotic colored diamonds. Again, you need to be an expert.
There are a lot of valuable things in the USA. The problems are that most of them require cash to buy. You also need to be plugged into a network that can sell what you buy or that you can sell into. It's great if you can find the items you want to find but you need the connections to make good money on the items after you find them.
Anyway, bad times are GOOD! You simply need to take advantage of the things that are there to take advantage of.
I started my business back in the early 1990s when the USA was having a recession. I did very well. I expect to do well now too since I know what I'm doing this time around. (Last time, I did well by chance.)
All of the markets are falling now: Asia, USA, Europe.
I would suggest holding cash or metals (not ETFs but bullion coin metals or even jewelry).
I'm an oddball but I would also suggest holding prime art and antiques that appeal to those outside of the USA (Middle East in particular). A prime antique would be something incredibly rare (one of a kind). Persian carpets are good -- but you need to really study up on them and you need to market them to the middle east. Huge natural diamonds are good, along with exotic colored diamonds. Again, you need to be an expert.
There are a lot of valuable things in the USA. The problems are that most of them require cash to buy. You also need to be plugged into a network that can sell what you buy or that you can sell into. It's great if you can find the items you want to find but you need the connections to make good money on the items after you find them.
Anyway, bad times are GOOD! You simply need to take advantage of the things that are there to take advantage of.
I started my business back in the early 1990s when the USA was having a recession. I did very well. I expect to do well now too since I know what I'm doing this time around. (Last time, I did well by chance.)