2020 Collapse

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

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Gold barely holding the 1,800 $ level. What did I say earlier? :D

    It will dip. See if it can hold above 1,700 $...
     
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  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I’ve been watching gold stocks past week, but the price haven’t fallen much. Need to wait for the stock market correction and hopefully gold spot doesn’t rise when that happens.
     
  3. TreasureHunter

    TreasureHunter Well-Known Member

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    They are going to pump the vaccines now, through spring, summer next year. Already there is a competition between multiple vaccines.

    I think one of the best fiat currencies now is the CHF (safe haven due to the Swiss economy, while I see both the EUR and USD "shaky" due to the poor economic performances).

    Now, what I am guessing will happen following mass-vaccination: a boom-like heavy consumption ignition. Everyone will set off to travel, people will consume rabidly, more people will go to bars than there are places.

    People will go a wild rabid shopping-spree.

    This boom-like increase will lead to inflation. It's the national by-product of increased economic activity.

    I think many countries in the world could pick-up economic activity in 2021, 2022 and this will create seemingly impossible GDP growth rates: +20% will be frequent, especially on a quarter level. But this only means we're
    gradually getting closer to where we were. Although, it will create the illusion of 'real growth'.

    Economies could 'overheat', just like China's economy was overheating in the first decade of the 2000's. This will weaken the economies.

    I see massive consumption, but at the same time weaker industrial production. People will consume services and consumer products, tourism services etc. I don't think the car industry will recover fast, nor the airline industry.

    The keyword here: we could be on the road to inflation.

    If there will indeed be recovery, then people will have to consume, economies will need to grow. Interest rates will have to grow, gold will have to go down. But once inflation hits too high a level, investors will turn to gold again.

    (a POSSIBLE SCENATIO that could follow with the 'vaccination craze' next year)
     
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  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I dont know what it's like where you are but the US is still losing almost a million jobs a week.
    Theres no recovery in sight here, were still adding to the misery.
    Hotels I stay at for work are ghost towns and weve recently been having issues with getting our gas cans stolen out of our work trucks, depends on where we are.
    My daughter is lucky enough to manage a liquor store but all of her friends are out of work and on unemployment that will end eventually.
    My son works with me and we are lucky to be working as well.
    Much worse times ahead for the US. People are starting to really feel it now.
    The second round of shutdowns are just beginning here and it will be devastating.
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The economy for the working class in the US is going to get worst without Trump. The green new deal is going to ensure rising energy prices. It’s going to suck for the 90% of Americans until there’s an American Spring. Trump offered you jobs, but Americans choose to listen to MSM lies.

    Now the smurfs are crying, no more free ice cream. No jobs either.
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I looked at the 50 year gold chart, the trend is a gradual slope upwards. Gold could even drop to $1600 or it could rise back to $2000. I'm not bothered with spot. As I mentioned, it's the number of ounces that you can hold onto. Spot price doesn't matter.

    For speculation, I can play stocks, some of my stocks are up 50-100% in just the last 3 weeks. Some here play horses, bitcoins, and other vaporware.
     
    Last edited: Nov 25, 2020
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    There are lower bottoms at the 1500's and 1300's. If it falls much lower, it could land at around 1300 $ - there seems to be a more established bottom around this level.
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    In Mid-March, gold fell to around $1480 and silver was at $11+. Could the stock market collapse again just like in March? Possible. But if everything falls down like in March, I'll deploy my remaining cash into gold stocks and tech related to crypto.

    p/s: I've been reading up a lot on real interest rates and gold price, some writers are talking about this, but no one talked about why gold tripled from 2003 to 2007 when real interest rates was flat during this period?
     
    Last edited: Nov 25, 2020
  9. TreasureHunter

    TreasureHunter Well-Known Member

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    Diego Maradona is dead. A tremendous loss.
     
  10. TreasureHunter

    TreasureHunter Well-Known Member

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    What 2020 brought:
    Australian bush fires, Corona pandemic, oil price crash, Nagorno-Karabakh war, Diego Maradona death, the US social unrest, Kobe Bryant death (helicopter crash), 2020 stock market crash, the massive Beirut explosion, US west coast forest fires, Eddie Van Halen's death... but the most shocking of them all: Biden's win of the US presidency

    Rumors:
    Melania Trump to divorce following Trump's loss of presidency
     
  11. shinymetal

    shinymetal Well-Known Member

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    Biden didn't win anything.
    Cheaters never win.
    This is just the start, hold onto your hats.

     
  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Biden? Looks to me a 3rd Obama presidency. Americans fooled again for the 3rd time.
     
  13. shinymetal

    shinymetal Well-Known Member

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    They weren't fooled, they overwhelming voted for Trump.
    Nobody with their head screwed on is falling for this fraudulent Biden "Victory"
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The biggest shock of 2020 is yet to come. ;)
     
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  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Doesn't matter how it is won. Biden is winning the election, just as Belarus Lukashenko and Kim Jong Un "won" their election.

    Victorious dictators write "their own version of history", until they are deposed of course.
     
  16. TreasureHunter

    TreasureHunter Well-Known Member

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    Obama was a soft puppet. This guy is a toxic perv whose face looks sooo creepy.
     
  17. TreasureHunter

    TreasureHunter Well-Known Member

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    Can we guess what you're guessing it will be? ;)
     
  18. shinymetal

    shinymetal Well-Known Member

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    "until they're deposed" the US isn't one dictator like generally happens, it's a system that just hands power to the next.
    Biden isn't isn't winning Anything but a rope trip half way to the ground. :p
    https://www.defendingtherepublic.org/
    The evidence is all coming public, no way in hell they get away with it this time.
     
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don't think evidence matters now as everyone knows the election is a scam. The only way Trump can "win" is the make it impossible to go back to the Obama era policy. When that happens, there's no way Obama will have a 3rd term since there's no purpose for him to be there.
     
  20. shinymetal

    shinymetal Well-Known Member

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    The evidence does matter. Biden hasn't won anything yet, and the evidence being public and going through courts makes it virtually impossible for him to.
    And we've only just seen the start of it.
     

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