656
US stock market loses $5 trillion in value as Trump plows ahead on tariffs
(www.straitstimes.com)
this post was submitted on 10 Mar 2025
656 points (99.2% liked)
politics
21568 readers
4274 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I thought about precious metal securities. I wonder if you can buy rare earth securities yet? I'm honestly thinking about getting the physical stuff and hiding it. Insane. I wouldn't have believed I'd be thinking like this half a year ago.
It's all about what level of collapse are you trying to shield yourself from. Like if you're talking worldwide mad max, no electronic claims to wealth will be honored, only physical substances, like actual gold, water, guns.
But if it's just a economic recession or depression and we aren't seriously talking about countries going away... Yeah I'm thinking gold securities, lithium probably. The guy in The Big Short started started buying up water next, for what that's worth.
In a Mad Max scenario gold will be worthless compared to fuel, water, food, medical supplies, weapons, and drugs.
Hey, even in medieval times gold was currency! I don't know why, except for is shiny.
It was rare. That's it. Also easily made into coins.
Things like that would be useless in full collapse.
So you think that the world will collapse in such a uniform manner that it will collectively decide that something we used as currency for thousands of years will no longer be used?
I'm not saying guns, ammo, good, and water will not be worth a ton. But that's doesn't necessarily mean gold wouldn't return to being currency. Especially if the price of gold rises as the world collapses and it is used to purchase those other necessities. Like those other things are bulky. If say a gold coin can get me many gallons of water, the coin becomes valuable as a relatively easy to transport token of value. Isn't that all currency has ever been?
Yeah but with no empire to back its value, gold is worthless except as jewelry or a very good but brittle conductor.