2020 Collapse

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

  1. Joe King 79

    Joe King 79 Member

    Joined:
    Sep 25, 2020
    Messages:
    77
    Likes Received:
    38
    Trophy Points:
    18
    Location:
    Northern NSW
    I guess there has been a push away from this, is why I say this.
     
  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,676
    Likes Received:
    4,436
    Trophy Points:
    113
    Initially the POG will also crash as investors and traders seek the safe haven of USD.
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    Stock market crashes, crypto crashes... easy to imagine, but gold crashes too? Vs. what?

    If something crashes, it crashes versus "something else". And that could be the US dollar, so we can expect a stronger dollar? :D
     
  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,676
    Likes Received:
    4,436
    Trophy Points:
    113
    Against the same thing that stocks and crypto would crash in a liquidity crisis.

    I think the USD will rise anyway, regardless of whether there's a liquidity crisis in the markets or not because there is a paucity of quality assets for holding on balance sheets.
     
  5. Joe King 79

    Joe King 79 Member

    Joined:
    Sep 25, 2020
    Messages:
    77
    Likes Received:
    38
    Trophy Points:
    18
    Location:
    Northern NSW
    I mean isn't this just typical speculation by those with vested interests? Last year the gold bugs were telling us that gold was going to $2500 last year.
     
  6. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    So, I am right: the USD will keep rising, so for crypto investors the best choice is to move their funds into stable coins (which are equal to the USD).
     
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,676
    Likes Received:
    4,436
    Trophy Points:
    113
    That depends upon whether those investors think a crash is imminent.

    I don't, therefore moving funds into stable coins is not a sensible option IMO at this stage.
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    I doubt gold will fall if crypto falls, but if the stock market crashes, gold is going to fall, especially with the sluggish demand. Unless stocks crash due to war. But there's currently no indication that stocks will crash.
     
    TreasureHunter likes this.
  9. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    it was 1971 when the link of gold to usd was broken
    2022 will see gold moving in the not so usual way
    the future is always unbelievable
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    1971 there are no computers.
     
  11. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    Aren't there any "stop loss" or "hedging" options for shares as well? Because when forex markets experience drops, then the investors tend to take their money out with a loss and move the remaining funds into something else.

    I think money can circulate between the stock market - forex - cryptocurrencies - PM market (yes, some might say gold and silver are also on the forex market).

    So, cryptocurrencies might fall together with the stocks. But something has to grow. Either the dollar or gold. Because something falls vs something. According to which asset will the stocks and cryptos fall?

    The DOLLAR.

    And because cryptos tend to move opposite to gold (my humble observations, I know it's never always like this). So, I can see Gold move up as a hedge if cryptos and the stock market falls.

    It never falls suddenly. Even if it falls in a few hours, it is a gradual process. So, some of that money gets transferred into safe haven assets. Like Gold.
     
  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,598
    Likes Received:
    3,446
    Trophy Points:
    113
    Location:
    Colorado USA
    They can keep it all propped up the same as theyve been doing. Eventually there will be a crash but it will be at the time of their choosing.
    There could be another 10 or 20 trillion printed by then and all time highs still.
    The more foreign currencies that fail or struggle only make the dollar stronger.
     
  13. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
  14. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
  15. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    Interesting trend - I've head of Omicron crypto before, but gosh!
    https://www.rt.com/business/541712-omicron-crypto-surge-covid/


    RT: "Omicron crypto skyrockets thanks to Covid"

    "A relatively new crypto coin, omicron, which bears the same name as the new Covid-19 variant, has seen a massive spike recently, outperforming major cryptos bitcoin and ethereum.
    The token OMIC surged over 900% since Saturday to reach an all-time high of $689. Its market cap has soared to over $400 million. The cryptocurrency was trading at $379.61 as of 08:40 GMT on Tuesday.

    CoinDesk described the rise of the obscure token as an example of “peak irrationality,” since the cryptocurrency rallied owing to its name. The B.1.1.529 coronavirus strain (Omicron) was named after the 15th letter of the Greek alphabet by the World Health Organization on Friday. Experts say that OMIC is far from being a safe haven asset..."
     
  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
  17. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    nasa snake tongue logo
     
  18. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    when you see the logo, you cannot see the snake, it is hidden in plain sight. when you see it far away, there you have it
    so in the know will put the snake picture beside it, to be certain
     
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Are you referring to snake people? :D
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,892
    Likes Received:
    1,963
    Trophy Points:
    113
    Location:
    Singapore
    Fed tapering. Bankers won again. Double whammy on property bubble.

    The one that dictate global rates and money printing wins.

    Nothing more to see. :rolleyes:
     

Share This Page