Should I be worried about money currently sitting in money market funds (VUSXX)?
1) it’s an event that can’t happen unless a lot of powerful folks take a bath. Odds are good that energy will be directed to prevent it - or failing the ability to muster energy, you won’t care.
2) If the dollar collapses, what asset would you want to hold? Would it make sense to hold that asset absent a crash?
“Dollar collapse” means a collapse of the US government.
In that case, holding land becomes very literal, you must physically occupy and defend it; your deed to some property may not be worth much.
You would require a failure of the federal, state, and county government for this to occur
In a situation where the federal government ceased to be - I don’t think it’s fair to make any assumptions on what successor states would look like. Nor what boundaries thise successor states would keep.
A collapsing dollar may not happen abruptly (which would happen in a war on US soil), but could happen slowly. In that case, holding US land (and plant&equipment etc) does still make sense, as these things will continue to function and provide goods.
Land: hard to hold when the government collapses.
Also, the first thing a failing govt is going to do is raise taxes on things that can't be moved about, like land.
Alternately, in the event of a dollar default - the world may not be conducive to the capex+energy expenditure required to mine crypto. If interest rates went to 20-30%, I’m not sure that crypto mining would be a viable concern - causing instability throughout the crypto world.
That being said, whether crypto is a good hedge or not really depends on whether it’s worth putting money in today - regardless of the potential for US default. Particularly in comparison to Yen, euro, and yuan assets.
Says you, and without even the hint of an argument to back your position.
Chat gpt is trained on the internet. The ratio of bad advice to good advice on the internet is about a million to one.