this is definitely not the big one, the big one will be when the US bond market collapses, the US dollar collapses and loses its reserve currency status and then inflation will be very high. that will pretty much ensure the world goes into global depression and then factor in the dismantling of the Euro at the same time and you have your endgame
The patterns look similar to 2008, everyone selling out of everything. So far my hunch is: GFC ----- Chapter 1: Bank crisis (2008) Chapter 2: Sovereign nation crisis (now) Chapter 3: Currency collapse (?) Chapter 4: ???
There is a great possibility that this is GFC 2.0 similar to the one we have in 2008. Gold/Silver prices are plummeting, Shares price also crashing... USD$ is RISING against other currencies...!?? Investors are clearly fleeing from investment assets back into "safe heaven" CASH... I'm getting a strange felling of deja vu.
GFC2 has been happening since July. As I mentioned back then, it wasn't gonna happen overnight, it was gonna happen gradually. The general direction is downwards, with only small upwards movements on the way. This ain't the bottom yet.
Equity markets around the globe got crushed this week and this is only the beginning because it's not like Europe has resolved anything regarding it's debts nor has the US economy suddenly become better. I think the next 'big shock' in the markets will be when Greece defaults and/or the Euro stops becoming feasible and collapses. GFC 2? Maybe. Might be worse! Lots of analysts out there are in denial and you can see them saying "nah no way there'll be a double dip recession", but we know better. Fun times.
Hey Fishball what's your take on pm prices if Greece defaults etc and we end up with the second GFC? there low now, could we see the prices slashed by 50% again? I know it's possible but could it really happen? Prices like $15 silver...
It is the time to buy not sell, obviously wait abit for everything to bottom but now is the time to be looking at property, shares and metals.
Yep. It's relative value that matters. The last two days are a blip. Case in point - we were given notice to vacate from a rental property in April, and it was put to auction with estimates of $1.1m to $1.2m. Passed in early May, put on the market at $1.15m for private sale. Dropped to $1,075,000 in July. Dropped to $975,000 in August. Just looked it up - it's back up for auction, now with estimates of $880,000 to $980,000, and it's had internal floor plan reconfiguration with a hallway added. This is in Brighton, Vic. So when silver was $45 in April, $1.1m meant it was 24,444oz. If it sold today at $880,000, it would be the same ounces if silver was $36 - which was an intraday price on Friday.
Of course it's possible, but not likely, below $15 that is. Not that pessimistic in the short term, don't see it going below $20 yet.
WoW; I live and invest in Brighton property and although there is lots of property that has dropped there is also some pretty good price outcomes over the last few months. The Newsagency in Church street went for $5,250,000 and the rental yield on that price was an insane 2.5% Kind Regards non recourse
exactly...there was a very good utube vid by some trader showing the gfc trend and how it was delayed by all the stimulus....taking out those stimuli, we got a long way to go b4 we hit bottom...
Lots of property with gold and silver hedging to 5% of the total of your portfolio Kind Regards non recourse
