Looking for advice from the more experienced members on what to do with cash in an economy like this.
In the last few years, we have sold everything we owned, moved overseas and have had all our living expenses are paid for; resulting in significant pile of cash. It has also resulted in us owning nothing. We don't have a house, cars or really anything else that doesn't fit in a suitcase.
With the current economic state, I'm wondering if it wouldn't be prudent to use some of that cash pile to "tool up" earlier than planned? I guess the fear is that, if there is hyper-inflation and our savings aren't worth spit, at least we'll have a paid-for place to live when we move back.
Any opinions? I'm open to the fact that I may be freaking out from watching too much news; since we only have 5 English TV channels and 2 of those are news.
In the last few years, we have sold everything we owned, moved overseas and have had all our living expenses are paid for; resulting in significant pile of cash. It has also resulted in us owning nothing. We don't have a house, cars or really anything else that doesn't fit in a suitcase.
With the current economic state, I'm wondering if it wouldn't be prudent to use some of that cash pile to "tool up" earlier than planned? I guess the fear is that, if there is hyper-inflation and our savings aren't worth spit, at least we'll have a paid-for place to live when we move back.
Any opinions? I'm open to the fact that I may be freaking out from watching too much news; since we only have 5 English TV channels and 2 of those are news.