2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. alor

    alor Well-Known Member Silver Stacker

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  2. TreasureHunter

    TreasureHunter Well-Known Member

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    This is SHTF. It HAPPENED!

    I can't believe it...
     
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  3. TreasureHunter

    TreasureHunter Well-Known Member

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    And gold, silver are going down, but the USD and EUR are staying strong.

    Silence before the storm? Buy PM's now or keep your last cash to buy food and medicine, hygiene products?
     
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  4. openeyes

    openeyes Well-Known Member Silver Stacker

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    Definitely hold a few thousand in cash. PMs have got further to fall and we don’t know how this is going to play out.
     
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  5. heartastack

    heartastack Well-Known Member Silver Stacker

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    Oats are a good replacement for fresh veg for a short amount of time (few weeks). Shelf stable, cheap and nutritious. Combine with a few kilos of protein powder and you’re set for some core meals
     
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  6. TreasureHunter

    TreasureHunter Well-Known Member

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    Peter Schiff calls the Corona virus pandemic "a pin". He says everyone sees only the "pin", indeed - people aren't aware of the fact that the economy's weakness is not just due to the Corona pandemic, there are deep rooted causes.

     
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Sold out in my area :(
     
  8. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Where hasn’t been in the news is Africa and South America. I shudder to think of the devastation once it hits.
     
  9. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    but but aprantly PM's are what EVERYONE wants when teh SHTF


    baahahahahahahahahahahaha

    nope

    as I ahve said over and over cash is king
     
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  10. heartastack

    heartastack Well-Known Member Silver Stacker

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    shit hasn’t hit the fan, buddy. We haven’t seen metals decouple from the paper market, which is totally linked to the general market and all margin and speculation money will have to wash out in a deflation. Then we can all eat our words
     
  11. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    which we wil never see unless there is a complete and totally unrecoverable breakdown of society as we currently know it

    silver is nothing but a lump of speculation
     
  12. heartastack

    heartastack Well-Known Member Silver Stacker

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    We might get close. I’d say the patronising cryptonerdologists have more to answer for right now
     
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  13. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Silver is speculation? But it's not down thousands in a week. Good luck with your paper!
     
  14. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    it has dropped and is still dropping as for "thousands" well as far as im aware silver has never been in the tripple digits let alone the 000's
     
  15. openeyes

    openeyes Well-Known Member Silver Stacker

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    The Court Jester makes some valid points. But no one needs to speculate any more. You are going to watch it all unfold over the next few months. Probably not a Venezuela scenario but certainly serious. Take your position you feel comfortable with and we will see how the penny drops- so to speak.
     
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  16. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Fixed
     
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  17. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    I sold all shares in early January and only have like 5kg of silver so im sitting back and hoping it ( the sharemarket) goes much much lower

    I might pick me up some bargains -- I 100% know I wont be buying any more silver as I will potentially make 2.5- 3 x on my money on some of these shares once the mania is over

    good luck with silver on getting that return I would say.
     
  18. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    down down prices are down

    might even book another holiday for next year

    $99 flights from Gold Coast to Cambodia/Vietnam/Malaysia
     
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I just checked this morning, the AUD has collapsed. What’s happening?
     
  20. pmbug

    pmbug Active Member

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    Until there is a currency crisis. Credit market implosion is on tap. Currency crisis waiting on deck.
     
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