Comment on Is there any way the average American can insulate themselves from the AI bubble bursting?

mitexleo@lemmy.buddyverse.net ⁨2⁩ ⁨months⁩ ago

• relianceschool@lemmy.world ⁨2⁩ ⁨months⁩ ago

  You’re catching downvotes, but according to Google Trends, searches for “gold price” and “ai bubble” are positively correlated, and there’s plenty of historic precedent for people flocking to “safe haven” assets when the markets nosedive. Gold went up by 30% from Jan-Sep 2020 (COVID), and nearly doubled in value between 2007 and 2009 (housing crisis), although it did take a dip before rebounding during the dotcom bubble (2000-2003).

  That said, I would recommend keeping a significant portion of your money in an HYSA as precious metals are subject to large fluctuations in price and markets don’t always behave rationally.

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