/biz/ - Business & Finance

>>10205988

>>10189642

its literally because this country has been sold out for more than a hundred years at this point.
our money is worthless. $20 20 years ago could fill a shopping cart with a couple of gallons of milk, 5 dozen eggs, a couple pounds of ground beef and some beer. $20 30 years ago could have taken a 25mpg car over 500 miles at about $1/gal for fuel.
>>10005288
resident of la co and the cost of housing/living is fucking ridiculous, demographics are shit, crime is going up, more people are coming here from china and latin america, it's literally not even part of the united states

black monday when

>>9933788

>>9933764
I know it is, which means they're purposely trying to skew the data because they're fags. No one uses gold so why would they show that? They're afraid to show just how volatile the dollar is

Mid 20s brainlet looking for real estate advice.
Im looking to buy a house in a major US city for approximately 700k USD. I need a mortgage of about 500k USD. Everybody tells me to wait for the housing bubble to pop, but between the cost of renting/waiting for that to happen, plus the mortgage interest rate will probably be much higher once the market crashes, wouldn't it be more beneficial to buy the house now that interest rates are probably the lowest they'll be for a while? A modest interest rate of just a few % spread out over a 30 year mortgage means that I will pay nearly double the list price for the house.

I don't understand why anyone wouldn't just keep their savings in gold as opposed to dollars