I don't advice people but i put mosy of my money in physical gold. Ask your mother what happened in late 70's. I think this is going to repeat but this time the dollar will be destroyed
late 70's is a period of stagflation
- oil shock of the 70's due to problem in Iran. oil price rose from $15 a barrel to $25 a barrel. As a result inflation rate rose from around 5% to almost 14% in 1980. Gold price rose from $200 in 79 to $850 in 1980.
- To fight inflation, the FEB kept rising interest rate to a peak of 19.1%. Mortgage rate was over 20%. Gold price tanked in 1980 after the FEB kept interest rate at 19.1%. Money flew back from the gold market to US Tresaury debt.
- Stock price remained flat due to rising cost of production.
Today is a also a period of stagflation with high and rising inflation and stagnant economic growth. At the 70's, America is the larger creditor. Today it's the largest debtor of the world. 1/3 of the federal budget is for interest payment on it's 16Trillion national debt. That means there is no room for the FEB to rise interest rate to double digits. it has to keep interest rate low otherwise US govenment will be bankrupt. it has to keep printing money or the big banks will fail.
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