The average person that's not financially or economically savvy...

The average person that's not financially or economically savvy think they are doing well when they're savings dollars in the bank only to find it eroded away by inflation and tax. A large proportion of the world population don't invest and don't acquire assets other than their own home.

The ones who are uneducated and unhappy with earning 1% interest in the bank decide to invest, usually by looking around at what everyone else is doing and copying them or entrusting their money to fund managers. This is usually the wrong time to invest in those asset classes, they might get some good short term gains and get a false sense of security potentially sinking more savings into their investment.

Now let's have a look at the sophisticated investors, when do you think they are buying and selling? They're buying low when no one else is and selling when everyone is buying.

Right now a lot of advisors or investment managers are saying you need to position yourself in cash before the recession so you can take advantage of undervalued stocks, best time to buy is when blood is in the street. Now this to me is bad advice, because we now what happens to cash during a recession. Inflation is taking it's toll on the dollar. A much better idea imo is to position in gold/silver then when you see a good undervalued investment sell some gold and invest, likely making a nice profit along the way. And if hyperinflation did take hold then you'd also be positioned well for that too.