2020 Collapse

^
Regarding that Zerohedge article:

Summary:

  • South Korea reports 123 new cases, 1 new death
  • 75 new cases in South Korea linked to a church
  • Italy announces 79 cases, declares "national emergency"; Nothern Italy put on lockdown.
  • many cases in Italy cannot be linked to Asia, nor to contact with people from- (or traveling from-) Asia
  • Japan cases triple in a week to 121
  • Japan confirms "seriously ill" patient in Tokyo
  • Hubei reports daily numbers
  • Chinese scientists find virus in urine
  • Experts propose 27 day quarantine, say 14 days likely not long enough
  • Cases outside China go exponential
  • 32 UK and European citizens arrive back in UK on evac flight
  • Outbreak reported in South Korean psychiatric ward
  • WHO team visits Wuhan; will give Monday press conference
  • Iran reports 10 new cases, deaths climb to 6
  • San Diego says 200 under 'medical observation'
  • Young woman infected five relatives without ever showing symptoms
  • South Korea cases surge 8-fold in 4 days to 433; country reports third death

Instead of following the overall official TOTAL FIGURES, watch how Corona virus spreads in each country: it can go by 50-100 % each day. This is what worries me.

It's the number of cases and new locations and the percentage by which it grows THERE. Not in China.

While everyone's eyeing China, the Corona virus is slipping out of hand and spreading faster, elsewhere.

Few countries in the world have the capacity or discipline to quarantine/isolate populations and infected people as China is able to. Iran? No way... Vietnam? India? Thailand? African countries? If THIS spreads there, we're doomed.
 
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TreasureHunter said:
Few countries in the world have the capacity or discipline to quarantine/isolate populations and infected people as China is able to.
Click to expand...

Obviously not. Add to that, unlimited money and manpower for building hospitals, supplies and medicine. All treatment for the virus is free of charge. Don't think Italy, Greece or Cyprus can do that.

TreasureHunter said:
Locally, I can find masks for 2x the price they had 2 weeks ago. But, even that is a "lucky" scenario. Sometimes they cost more or, they're out of stock!
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2x is cheap. This only happens when no one is buying, this means the panick hasn't hit your location. Once the panick hits, they will disappear faster than you can get back to the shop.
 
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Update: many food stores have empty shelves in Milano. It's also a major international air travel hub, so the disease can easily spread to other parts of Europe.

Note the EMPTY SHELVES
 
Events are being shown to us like a slideshow...

Australian bush fires, Iran, Corona virus... I wonder what's next?

And it's odd how Iran and the trade war against China, the anti-Russia propaganda, Brexit have all faded away. It's as if nothing would have happened.
 
TreasureHunter said:
And it's odd how Iran and the trade war against China, the anti-Russia propaganda, Brexit have all faded away. It's as if nothing would have happened.
Click to expand...

+ Trump has disappeared from media attention.

The situation changes too rapidly. Like what Ray Dalio says a diversified portfolio is the best because you don't know what will happen.
 
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TreasureHunter said:
Update: many food stores have empty shelves in Milano. It's also a major international air travel hub, so the disease can easily spread to other parts of Europe.

Note the EMPTY SHELVES
Click to expand...
important to have 3x50 mask for each. few bottle of alchohol etc
food supply
 
Regular programming to resume shortly. We will once again marvel at everything except productivity going up - and I mean everything from bread to houses to gold to stocks with no revenue - and not question why is it so.
 
TreasureHunter said:
Update: many food stores have empty shelves in Milano. It's also a major international air travel hub, so the disease can easily spread to other parts of Europe.

Note the EMPTY SHELVES
Click to expand...

It's the first time I'm quoting myself on the forum :) But, with a reason: 3 days later the food runs have started in my city as well.
At first, I couldn't believe my eyes.

We actually have floods of people running to supermarkets.

Mask's prices have gone up 6-7 times, hand sanitizers' price 7-8 times etc. But that's just the price, because you can't find ANY.

Luckily I bought a few before this happened :)

3 days ago I went out just to buy some stuff in order to prevent and event like this. But the masses were well ahead of me.

So, I've found myself surrounded with empty boxes and empty shelves! Just like in the movies. It loooks like I'm in a Venezuela or Hurricane Katrina scenario.

It is happening now in my area: supermarket runs

I advise you not to wait, just stock up.

People are also hoarding toilet paper and medicine, dishwashers, etc.
I suppose the next thing is going to be bank runs. Already, there are longer than usual lines at the banks.

The media is scaring people and people are scaring other people. It is actually happening now and I feel like I'm in a "prepper documentary".

I still don't have some basic items and need to make multiple runs to shops and I don't always find what I'm looking for.

Getting ready for the next wave: bank runs!
 
There are plenty of food stuffs available in Sydney. I live across two homes so I’ve started stocking up at my partner’s home. She won’t eat tuna so I’m buying salmon for her. At the supermarket yesterday, no sign of panic buying so I’ll do a daily shop until I have three months supply at her home as well as mine.

Topped up the fuel yesterday and thought to myself, what if there is plenty of fuel but all servos are closed? Might be time to fill up a Jerry can or two.

I’m also starting to pull surplus cash from my accounts.

Not panicking but not complacent either. Major concern not mentioned is that China will recover first whilst the rest of the world is peaking. Why not invade Taiwan? North Korea into the South?
 
From the reaction to recent events, it looks like gold and silver are no longer safehaven assets. The artificial markets have stripped the PMs of their function as a hedge against these situations.

Or maybe it's about the timing. First food and supplies, then cash, next gold and silver...

Run for the hills! Unless there are bushfires there, in which case...
 
Krakked789 said:
From the reaction to recent events, it looks like gold and silver are no longer safehaven assets. The artificial markets have stripped the PMs of their function as a hedge against these situations.

Or maybe it's about the timing. First food and supplies, then cash, next gold and silver...

Run for the hills! Unless there are bushfires there, in which case...
Click to expand...

You left out the most important - face masks.

Metals are still safe haven. Look at Lebanon, the cash in the bank, you can't use it. As for pensions, they can be nationalised.
 
"From the reaction to recent events, it looks like gold and silver are no longer safehaven assets. The artificial markets have stripped the PMs of their function as a hedge against these situations.".

Say, what??
Your AVATAR gives you away as a SHILL for the BANK$TER$ & THE Government.
Please proceed directly to GO
Please collect your FIAT
Then suffer for the rest of your life for being an IDJIT.
 
Crypto is lacking friends too in this market.....not the asset for nervous investors either.

7JnRl9P6


xXo5JEN6
 
Krakked789 said:
From the reaction to recent events, it looks like gold and silver are no longer safehaven assets. The artificial markets have stripped the PMs of their function as a hedge against these situations.

Or maybe it's about the timing. First food and supplies, then cash, next gold and silver...

Run for the hills! Unless there are bushfires there, in which case...
Click to expand...

I think Gold and Silver can be regarded as safe havens to a certain degree only, but only in scenarios like: currency hyperinflation/inflation, major economic crisis (which affects currency as well, like the 2008 crisis, but is not necessarily a hyperinflation), major calamities and wars (which ruins economies, inflations), bank runs.

You can also regards PM's as assets to "freeze" your wealth for later years. For pension or to leave inheritance.

This is not necessarily a situation when PM's can "save" you. Masks, food, water, medicine is another story.

This is not an economic problem. NOT YET. China is the manufacturing powerhouse of the World and we will certainly feel the effects of these events LATER. Prices will go up, etc.

In fact: gold and silver did climb as Corona virus fears were spread. I think it's dipping now because a profit-taking phase was due anyway. Could climb higher.

Gold and silver don't move in a straight line. It's like an EKG. They climb/fall in zig-zig. Who knows, perhaps we'll hit 1,700 $ gold before summer.
 
Markets look to be in free fall over night. Everything is down......WHO has now upgraded the COVID19 virus out break from high to very high rating.
 
JOHNLGALT said:
"From the reaction to recent events, it looks like gold and silver are no longer safehaven assets. The artificial markets have stripped the PMs of their function as a hedge against these situations.".

Say, what??
Your AVATAR gives you away as a SHILL for the BANK$TER$ & THE Government.
Please proceed directly to GO
Please collect your FIAT
Then suffer for the rest of your life for being an IDJIT.
Click to expand...
You're the idiot. Look closely at the avatar, moron.
 
JOHNLGALT said:
"From the reaction to recent events, it looks like gold and silver are no longer safehaven assets. The artificial markets have stripped the PMs of their function as a hedge against these situations.".

Say, what??
Your AVATAR gives you away as a SHILL for the BANK$TER$ & THE Government.
Please proceed directly to GO
Please collect your FIAT
Then suffer for the rest of your life for being an IDJIT.
Click to expand...

By the way, what is it with these stupid ransom-note posts? You must be psychologically defective.
 
TreasureHunter said:
I think Gold and Silver can be regarded as safe havens to a certain degree only, but only in scenarios like: currency hyperinflation/inflation, major economic crisis (which affects currency as well, like the 2008 crisis, but is not necessarily a hyperinflation), major calamities and wars (which ruins economies, inflations), bank runs.

You can also regards PM's as assets to "freeze" your wealth for later years. For pension or to leave inheritance.

This is not necessarily a situation when PM's can "save" you. Masks, food, water, medicine is another story.

This is not an economic problem. NOT YET. China is the manufacturing powerhouse of the World and we will certainly feel the effects of these events LATER. Prices will go up, etc.

In fact: gold and silver did climb as Corona virus fears were spread. I think it's dipping now because a profit-taking phase was due anyway. Could climb higher.

Gold and silver don't move in a straight line. It's like an EKG. They climb/fall in zig-zig. Who knows, perhaps we'll hit 1,700 $ gold before summer.
Click to expand...

Yeah, I agree. I think the dip might be a knee-jerk reaction to these events and a rush to liquidity. Or perhaps it's just the inevitable pullback that was needed after some quite substantial gains.

I have a feeling we may be at the beginning of a big explosion in the price of the precious metals. We might have to wait a little while, however.
 
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