With the impending crash of the economy next year

Since there is going to be a market crash next year, what does that mean for me Jow Forums? I am planning on taking out school loans for the next four years. What does this mean for my loan? What does it mean for me?

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Get a few ounces of gold. And after the currency crisis and deflationary collapse you'll be sitting pretty. Silver too

What does that have to do with my student loans?

It's really as simple as gold and silver. Dollar denominated assets are going to get fuxked to high hell. 1 ounce of gold will end up paying off all your loans easily after the debt bomb explodes

That's how you'll lay your loans off when Shtf. You need sound money. How much is your net worth right now?

Do you guys honestly think I can buy gold if I'm getting student loans.

Because taking out loans is a bad thing. When Shtf you'll be fucked even more even tho there might be a debt forgiveness cuz everyone will be fucked. The way out is having some sound money

You should buy gold user

Ok well how much do you have to your name? And will you have access to get cash with those student loans?

assuming your in US just go to your cheapest community college and get straight As. Work on the side to pay for it, no loans. Then after two years of straight As you can get free ride at at any public university to finish up. Same degree as everyone else but you'll have zero debt.

get a job you lazy fucking useless nigger faggot. Fucking student loans.

Don't listen to him. OP you are right... a crash is coming. Take out the loans and take 10-15% of those loans and buy gold with it. Then do your studies and if SHTF your hedged perfectly and will even make a bunch.

Also get a job to get more silver and gold and to get back the 10-15% in loans you put into gold

I have zero dollars to my name. My parents pay as much as they can for school.
I already went to community college. I'm taking out loans because I'm in professional school now - pharmacy school. I can't work on the side, I have to study a lot.
yall are dumb as hell gold is another risky investment especially if the crash doesnt come. youll only get me in debt more. none of you have sound advice yet you all orbit this fucking pathetic excuse for a board. You're all like vultures honestly.

>tfw zero interest student loans. maxing out that bitch and simply waiting for hyperinflation.

comfy

LISten you zoomer faggot. Gold isn't speculative you fucking braindead retard. It's been money for thousands of years because it's the opposite of speculative.

Take those loans out..... put 15% of that loan into gold... and then go to school and do as you are planning on doing

You are literally fucking scared to take out loans because you fear an economic collapse. When the debt bomb explodes you'll be able to pay off all your student loans with less than 1 oz of gold.

If you want to be a fucking non thinking faggot who doesn't take sound advice then go fuck yourself.

The collapse that's coming is going to be a currency crisis. Owners of sound money will be able to pay off their fucking house mortgages for as little as 100 ounces of silver or an ounce or two of gold.

You want to go to school but your worried about loans because of the economic collapse that's coming. Literally nobody is thinking about this so you are ahead of 99% of the population.... and literally nobody buys gold. The only solution for the fuckery that's about to hit us that you have correctly identified.

Stupid know it all 19 year old faggots don't know how to listen think and take sound advice.

Bingo you need gold tho too

Son of a bitch these muh can't work bullshit. I worked 30 hours a week all through pharmacy school. Learned a lot working in pharmacy while in school too.

You are retarded. Gold will crash too (in the short term) in a deflationary recession. Look at 2008, gold crashed like 40% from its peak. Didn't recover for years. The only way you really make money during a big recession is shorting, which means you have to time it perfectly. Everything will go down. And if you're worried about inflation, holding gold just means you lose less vs holding, it doesn't do anything.

If you want to prepare for a crash, just hold enough cash so you can primarily survive the crash, hold what you have through the recession, but also buy the bottom. You'll make much more money, and its much easier, than trying to perfectly time a market crash or buying gold (useless asset) and praying.

i think (ID: +gX7bqn4) is just having fun with his buy gold meme

your right

all these idiots think the rich will let go of all that fiat so easily

>I already went to community college. I'm taking out loans because I'm in professional school now - pharmacy school. I can't work on the side, I have to study a lot.

Honestly, I don't think if ever makes sense to go to the graduate school if you're paying for it yourself. But your reasoning should be, from a financial perspective, does the ROI of pharmacy school worth the cost. If you are worried about a recession, then the cost of the loan might outweigh the benefit. But if you are going to pharmacy school because that's what you want to do, then you don't really have a choice, you're going to lose money the question is whether its worth it to pursue your preferred career.

are you seriously asking if pharmacy school has a good ROI?

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I have no clue what pharmacists make or how much it cost to go to pharmacists school. But that should be your basis on whether you think its worth it to take out a loan right before what you think is a recession. If there is deflation / credit squeeze, your expected income could be much lower. A ton of people had your same attitude before going to graduate school then graduated in 2008.

Dollar price of gold doesn't matter you fucking idiot. The entire point that people buy gold is because they fear the dollar will die.

It is the fucking gold that gave value to the dollar to begin with so why the fuck would you be valuing gold in terms of worthless paper?

THe dollar is going to die in the crash you retarded nigger.

Your fundamental problem is you don't understand that gold is money and dollars are worthless fiat.

Your fuckingg stupid. It's not about making a return you dumbass it's about protecting what you have because fiat is failing and the world is swimming in debt

When debt bubbles pop that causes deflation, so prices of most assets, including gold go down. If you are right, then why did gold crash in 2008? If you held gold before 2008 you would have lost like a third of your dollars.

>why the fuck would you be valuing gold in terms of worthless paper?

Doesn't matter what the dollar is worth, if gold is going down in terms of dollars you would have been better off just holding dollars.

People buy gold just like any other speculative asset when they have spare cash, and in a recession people don't have spare cash to buy gold when they have to pay their rent/mortage, feed their kids, when their income might be lower and job on shaky ground. Not as many people buying gold. Doesn't matter if gold's inflation (around 3% more mined a year) is less than dollars in the long run, gold still goes down in a recession.

It’s the best time to take out loans (if the market actually crashes)
The government will step in, lower interest rates etc. If it’s the big one as many people think it is, student loans will be forgiven

Bruh, if those loans are forgiven, it will be the biggest stimulus package in human history with impact that doesn't match the money. Too many people majoring in shit like psychology, business administration, criminal justice, biology and other junk majors. Maybe prioritize the the loans to be forgiven. Like if you got into med school and are becoming a doctor, you should have some debt forgiven. Motherfuckers in like music major or shit like sociology should be paying off every goddamn cent of it.

Honestly I see that happening very soon in the US. Socialists like Bernie Sanders are aleady openly calling for it. The impact is much greater on music and sociology majors since these folks are stuck working minimum wage jobs for the rest of their lives to. Sometimes you gotta buy the peace. In a major economic recession, these people will be in the streets burning cars and causing you much more trouble.

Student debt is exaggerated, only about $1.3 trillion. For the cost of the GOP tax cut you could have paid that off many times over. The cost of the GOP's corporate repatriation tax holiday alone cost more than that. Total private debt is like $60 trillion in comparison. The governments debt is about a third of that. So if the us went from 20T to 21T in debt to pay off all student loans it wouldn't be much different.

If interest rates lower, it becomes a better time to take out loans, and a worse time to take them out now when they are higher. However interest rates are expected to increase.

Additionally, in a recession deflation would occur so the value of the dollar would increase, temporarily, as a credit squeeze took place, loans are harder to get, the money supply contracts. Your income probably will decrease, or your job prospects get worse, so its may be harder to pay back a loan you think would be manageable today.

The people who lose the most in recessions are the ones who go in debt and lose all their assets before they recover. When in debt during a rescission you can't invest at the bottom, which is where most of the money is made, not in the decline but in the recovery. For example if you bought stocks in 2009, few were able, you made a killing. But if you were in debt you were still in debt and made nothing. Or worse, went bankrupt and lost everything.