relianceschool

@relianceschool@lemmy.world

• ⁨Comment⁩ on ⁨Is there any way the average American can insulate themselves from the AI bubble bursting?⁩ ⁨⁨4⁩ ⁨days⁩ 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.

• ⁨Comment⁩ on ⁨Is there any way the average American can insulate themselves from the AI bubble bursting?⁩ ⁨⁨4⁩ ⁨days⁩ ago⁩:

  This is all great stuff to have on hand, but not relevant for OP’s question. They’re wondering how to prepare for the equivalent of the dotcom burst or the 2008 recession, not a grid-down scenario.

• ⁨Comment⁩ on ⁨‘Death to Spotify’: the DIY movement to get artists and fans to quit the music app⁩ ⁨⁨1⁩ ⁨week⁩ ago⁩:

  Yup. I’m old-school, but I like owning my music. Streaming platforms are notorious for dropping artists due to licensing/royalty disputes, and artists also pull their music from platforms for various reasons as well. I love my Sony NW-50, it’s got room for thousands of tracks in lossless (FLAC) format, and you don’t need an internet connection to listen (great for road trips).

• ⁨Comment⁩ on ⁨winter fans⁩ ⁨⁨1⁩ ⁨month⁩ ago⁩:

  She’s on the roof!