IMF - this is like "quantitative easing": https://www.imf.org/en/News/Article...ilable-50-billion-to-help-address-coronavirus I wonder where the funds come from. Any information available on that? Like this, with a good pretext, the Fed can print a lot of money "to help the poor suffering people". Many banks in Asia and the Fed as well have recently sliced interest rates. My first thought was: indeed like so many analysts have predicted. But as Peter Schiff said, they will have to raise them eventually, because the economies won't be able to handle the situation. My second thought was: lower interest rates could lead to negative interest rates even faster; lower interest rates favor gold, so I expect gold and silver to get a boost!
It's basically funded by the member nations. https://www.imf.org/en/About/Factsheets/Where-the-IMF-Gets-Its-Money This book offers an interesting insight into the workings. If I was being cynical, I'd say it exists to help protect the investments of rich western nations https://www.amazon.com.au/Money-Rol...the+money+kept+rolling&qid=1583440811&sr=8-1#
^ My first thought was, it comes from the member states (of course). If the IMF gave just 10 times less to Venezuela: 5 billion USD in food and medicine, then that could have saved countless lives. Oddly, no-one wants to help them. Where is the IMF when you need them?
It has nothing to do with debt. Gold has risen because of the coronavirus and the fed is printing to stop the virus. The markets have only been dropping because of the virus too. It's in every news headline so who could question that.
Regarding Venezuela, I have heard anecdotes of families in the US sending across a few ounces of silver regularly to their family in Venezuela which proved sufficient for them to buy food and other necessities, likely via barter.
Sounds interesting. Any further information, references on that? I am also curious about what they could buy with 1 oz of silver in Venezuela.
Lufthansa has just canceled 7,000+ of their flights! Flybe went bankrupt (according to various sources, it was the Corona virus' influence). Airlines and transportation companies, tourism will be heavily affected - EVEN if this madness ends by let's say April or May. It will push many countries into recession. SLOWDOWN due to Corona virus. Brings us closer to the global collapse.
AHEM, well here we are on the right Thread: https://www.zerohedge.com/markets/p...-locked-limit-down-treasuries-soar-limit-amid
The question is will the U.S, Stock Exchange open in less than 8 HOURS, or will it remain shut? https://www.tradinghours.com/exchanges/nyse/trading-hours
what does this article mean when it states sp500 was locked at a limit down and 10y futures at a limit up? Do they place a limit on trading in the middle of trading sessions??
Why would you think the US Stock Exchange wouldn't open @JOHNLGALT ? If you think it wont open Im happy to place a wager (name your amount) you are wrong....or are you just rambling bs yet again?
Yes, there are limits that STAWKS & other Markets(?) can go down in a session which triggers a stop in trading for a while, then, after a certain period they will open for trading again. They can then be stopped again if a further % is triggered. Remember, "He Who PANICS First, PANICS BEST". These limits were put in place to stop the sudden CRASH like happened in 1987. Research that event & be glad you weren't in the market back then like I was, & lost thousands.
I am trying to guess the trends before they happen: - will gold crash now together with oil (it's 35 $, never been so low since the Gulf War) - silver is going down (could be a signal of gold's next dip) - interest rates are cut, so we're going to see more negative interest rates at the banks and gold soaring? - will the dollar and euro both start crashing? - stock market crash (most likely)? I think we're hearing the first roars of the storm. Guess the best things to do now: buy gold? buy silver? buy dollars/sell dollars and buy what...? buy food 'n' start prepping for disaster? sell property or buy property?
i think metals are much more likely to go higher before any sort of correction. If the FED pumps in enough money and starts buying assets to stave off the crash then im sure we will see $1500 gold for a while.
I see, so much for a FREE market. They want to make a profit without any risk of loss. That is the very essence of evil and greed.
I think it's too late to sell property. Liquidity is king now. The worst is debt. Time to cut expenses if you have not. Previously, I mentioned 12 months cash excluding gold. Now I'll recommend 24 months (may include gold). This is bad, bad, bad! Worst than SARS, worst than 1997, worst than dot com bust. I've not seen anything like this before.
