Discussion in 'Gold' started by 2nd_Hand_Gold_Man, Mar 24, 2020.
Bailing banks $8B
Bailing small businesses?????
BOOM BOOM BOOM!!!
From my reading, norovirus contributes 60% of that.. definitely a majority so I kind of stand corrected!
however, last time a child was hit by a car I don’t think the hospital bed was occupied by a gastro patient. You can list off any disease currently known by mankind and our health care system has mostly reached equilibrium to it unless in exceptional disasters.
The experts are giving us 2-4 weeks to establish how they can achieve this with the new kid on the block...
We are out of work AGAIN after working a few days this week and all of last week.
My boss just texted to apply for unemployment so that's my tomorrow chore, as well as hit the stores around town and see what I can scrounge off the barren shelves.
I've been texting with him that this is all overblown bs and we cant just stop working.
He said we could get $1000 fine or 12 months in jail?
I said that's effing bullchit and we should call their bluff. We can all go to work heavily armed and they can come arrest us if they think they can
We can post that on Facebook and get this effin shit started right now.
He is not down for that and I'm flaming effin pissed off about all this.
America is being blindsided by the black swan and they are blind.
This entire shutdown is illegal and nowhere in the constitution does it grant them this power.
I stopped texting him for tonight but tomorrow I might again.
We should call their bluff and get back to work. They cant arrest us if we dont allow it.
If we post it to them on facebook they wont even have to show up at all. Just stay away.
I'm the second oldest guy on our crew at 48 and I say phuk that virus. If I get sick I'll deal with it and then I'll get back to work like always.
I won't rule it out in these never before seen troubled times.
MY pondering question is how much is a US dollar going to be really worth if they print another 14 to 46 trillion of them?
I doubt that lockdowns will last long in the US (or Australia), after a couple of weeks everyone will see the unfolding economic carnage and just decide to go to work to save their jobs and businesses. And fortunately for you you have a president that actually does want to save the economy unlike the feckless tyrants in the Southern hemisphere.
$2450 USD gold by Jan 2021
It doesn't matter what it is,when you are dead...
That would imply a substantial drop in the USD.
It also means an almost vertical climb from now until Jan 2021.
I think we will see $1360 USD before we see $2450 USD gold.
I pray that your prediction comes true with a rise in AUD. Can stop buying $100/gram Fractionals
For a number of reasons, I don't believe this will happen.I believe the US will get smashed by this, and that China is waiting for the demand side to pick up before going hard with the stimulus, which we ( Australia ) will benefit from.
Why is China sitting on the sideline otherwise ( regarding stimulus ) ?. I believe China is waiting for us ( the west ) to stimulate demand, with excessive fiscal / monetary policy. Remember, we demand and they supply
Of course, Central Banks could completely f... Up my thesis.
Might be waiting for a bargain like they did in 2008 when they tried to buy Rio
Then as you say, having scooped up some assets, wait for Australia to do a KRudd and throw taxpayers money everywhere, watch whatever government at the time put Australia up to the eyeballs in debt then BAM flood the market with Chinese stimulus.
Two points here for OP...
1. No, gold won’t hit $3K in 2 weeks. A few months maybe, not weeks. As much as I’d like it too, it’s not going to happen.
2. F**k the Boston Bruins from a Blues fan
I'm expecting a rise in gold above US$2100 by around June /July. At the same time I'm expecting the AUD to continue down to around 49c.
If both coincide then we would see Gold above AUD$4000
Yes, language has mattered in understanding each other since we came out of the trees. Perhaps some would suit going back up there.
You know, a few months ago I wouldn’t give a shit about the distinction of disease vs symptom in most casual conversations. There are clear reasons right now where the distortion of information being passed around has a real impact on our continuity of life. I feel that maintaining a high standard of honest information and accountability is a big part of the preventative measures of spreading disease. I guess none of that matters when YOU’RE dead.
Maybe a bit overly alarmist tone - but probably not bullish for AUD either, I'm afraid
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