My personal opinion is that you should save up enough cash to be able to pay your debts for what you don't want to lose. Then with any additional savings you should put it into something tangible that you will need and will use like food, toilet paper, anything that is needing to be repaired like your roof, car tires, etc.
Why do I say this? I think we would see a short, temporary deflationary period followed by inflation, or a devalued currency. So the deflationary period would be like 1929 in which you want cash on hand. If you can't pay your debts you will lose your home. Look back in pictures of 1929 people were selling cars for cheap. Cash was king in that time.
But then if they spin up the printing press or give us a new devalued currency, having all the tangible assets and repairs you need already will help with rising prices and costs after. So my plan covers you for both scenarios.
Don't go too crazy though like those preppers who buy shit as though the world is going to be hell on earth. Don't buy food you wouldn't actually enjoy eating, and ridiculous stuff that would only be useful in Armageddon. Think of the most likely situations first.
Yeah, I bought the cheapest home I could and with the low interest rates my payments are lower than most apartments. I feel good knowing that I can work at jobs that I enjoy and have a good work-life balance for taking care of kids. Hoping to be able to work part time and start a business with the rest of my time. It's a great plan to downsize expenses and opens up a lot more options for a lifestyle that you want.
And I only think we'd see the temporary deflationary crash if Biden gets in. If Trump somehow wins this legal battle and retains the White House, I don't think they will let it crash. However they seem very desperate now to get him out and get this reset moving forward quickly.
I thought it was hilarious how they couldn't crash the markets when Trump got in, so he started bragging about how high stocks were going. He knew they had to keep it propped up while he was in office.
For storing value, some people recommend precious metals which have shown to be a pretty good store of value in the long term, but I think people are wrong to treat it as an investment. Plus, you can't actually eat it or use it, which is why I prefer putting all that savings toward real necessities and repairs first. There are a lot of people out there that swear by precious metals though, so whatever works for you. Use your own judgment and intuition so that if it's a bad investment you weren't going against your own judgment. For anticipating inflation, I like anything that people will always need like a home, or land with water, a business, etc. Water is always good to have with land. Then you get to actually use it while you're holding it instead of it sitting in a vault somewhere.
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