2020 Collapse

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

  1. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Judging by the last 3 months or so, should lead to Dow 30,000
     
  2. OneDay

    OneDay Active Member Silver Stacker

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    Zimbabwee style? Dow 3000,000?
     
  3. Davros10

    Davros10 Well-Known Member Silver Stacker

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    When it comes to the ability to print money, the power imbalance between the States and the Federation (or Union) become pretty stark. I wouldn't want to be a heavily indebted State labor government relying on a Liberal Federal government (or vice-versa) to start the printing presses to resolve my issues.
     
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  4. TreasureHunter

    TreasureHunter Well-Known Member

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    I wonder what the dollar will do next week and whether that will reflect immediately in gold's price.

    At this pace, I think we might easily score 2,500 $ gold in August (and that would be way too modest) if things go on like this. Regardless, I expect higher, above 2,000 $ gold price next week.

    Perfect stepping stone towards hyperinflation:
    - a -32.9 % Q2 GDP drop
    - heavy easing
    - slowing economic activity
    - increasing unemployment
    - some industry branches are completely wiped out or almost entirely eroded (e.g. air travel, tourism, office rentals, real estate, automotive industry...)
    - no end in sight due to Corona
     
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  5. TreasureHunter

    TreasureHunter Well-Known Member

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  6. heartastack

    heartastack Well-Known Member Silver Stacker

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    Still waiting on stimulus approval in the US I thought I would have been through last week. Maybe in the next two weeks. It’ll be +trillion for sure.
     
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  7. alor

    alor Well-Known Member Silver Stacker

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  8. TreasureHunter

    TreasureHunter Well-Known Member

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    You're gettin' a 1,200 $ cheque? :D

    BUY GOLD (are you allowed?)
     
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  9. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Everyone waiting on their crumbs and their little piece of freedom given by the masters.

    Were you a good little socialist today?
     
  10. alor

    alor Well-Known Member Silver Stacker

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    they do that in a Free America ???
    thought only Commies do such a thing
     
  11. alor

    alor Well-Known Member Silver Stacker

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  12. alor

    alor Well-Known Member Silver Stacker

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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Many people don’t know the difference between left wing socialism and “right wing communism”. They are completely different.
     
  14. TreasureHunter

    TreasureHunter Well-Known Member

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    Let us not forget: gold is full of paper too, in fact, most of gold's price is determined by paper contracts.

    They brought gold's price down 7 years ago. Why couldn't that happen again? :oops:
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  16. TreasureHunter

    TreasureHunter Well-Known Member

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  17. alor

    alor Well-Known Member Silver Stacker

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  18. TreasureHunter

    TreasureHunter Well-Known Member

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    $15,000 gold price? Jim Rickards and Peter Schiff give forecasts (Part 1/3)


    A very interesting fresh video, worth watching.
     
  19. alor

    alor Well-Known Member Silver Stacker

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    the bull market is expected to top out around 2030

    15,000 gold price is about 5X from 3k
    and ASE would be 500, about 10X the price today
     
    Last edited: Aug 4, 2020
  20. heartastack

    heartastack Well-Known Member Silver Stacker

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    Those guys had nearly ten years to come out and tell the same story lmao
     
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