GFC 2?

Discussion in 'Silver' started by RetardedMonkey, Apr 16, 2013.

  1. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,062
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    So for people who were in the precious metals game at pre-GFC, is this similar to what happened then?

    [​IMG]
     
    RetardedMonkey, Apr 16, 2013
    #1
  2. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

    Joined:
    Feb 23, 2011
    Messages:
    5,465
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    The Land of Guilty by Default
    somebody just called me about investing in equities...

    :lol:

    These muppets just have no clue as to what's going on!

    2007 all over again!
     
    Yippe-Ki-Ya, Apr 16, 2013
    #2
  3. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

    Joined:
    Feb 23, 2011
    Messages:
    5,465
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    The Land of Guilty by Default
    listening to the financial commentary on the MSM is providing me with much comic relief...

    talk of gold correcting toward its true value of maybe around $500/Oz, end of the bull run for gold etc..

    The most amusing comments are around how the politicians and central bankers have done such a great job at preventing another GFC and how the markets are so bullet proof now etc..

    I've never heard so much horse shit in my entire life!

    These muppets DESERVE to be raped by the coming GFC
     
    Yippe-Ki-Ya, Apr 16, 2013
    #3
  4. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,653
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    Events in Aus were very different to your chart

    Gold went up to $1400 in Aud during the panic bc the Aussie dollar collapsed

    That is one thing I don't understand this time - if traders are selling off commodities in this fashion, they should also be dumping the currencies of commodity countries


    There is one thing the same as the gfc - the phrase:

    "What the f**k is going on?"

    I was saying that to myself watching stocks plunge to their cash value back in 2008

    I was saying that again yesterday with the gold/silver price
     
    trew, Apr 16, 2013
    #4
  5. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

    Joined:
    Feb 23, 2011
    Messages:
    5,465
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    The Land of Guilty by Default
    It's not that hard to understand...

    The Federal Reserve is using free printed money to naked short gold in order to crash the gold price.

    We all know why they want to do that.

    Ironically this is going to quicken the demise of the USD as well as all other fiat currencies.
     
    Yippe-Ki-Ya, Apr 16, 2013
    #5
  6. Ghost Story

    Ghost Story Active Member

    Joined:
    Oct 4, 2011
    Messages:
    1,520
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    here but not there
    be worried this is not normal
     
    Ghost Story, Apr 16, 2013
    #6
  7. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,653
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    Yes it is not normal

    the worry part is up to the individual
     
    trew, Apr 16, 2013
    #7
  8. thatguy

    thatguy Active Member

    Joined:
    Jan 18, 2011
    Messages:
    5,805
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Brisbane
    QE5 must be just around the corner
     
    thatguy, Apr 16, 2013
    #8
  9. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,653
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    This reminds more more of the silver price rout during 2008 rather than gold...

    ... in USD dropped from $20 to $9

    Take a look at a silver chart
     
    trew, Apr 16, 2013
    #9
  10. Ghost Story

    Ghost Story Active Member

    Joined:
    Oct 4, 2011
    Messages:
    1,520
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    here but not there
    I am not so worried about my stack but the other stuff that's going to start happening like the cost of living etc.. fuel, bla bla ....

    the scary part is there is not even a peep on the news like its no biggie

    what the ?
     
    Ghost Story, Apr 16, 2013
    #10
  11. Ghost Story

    Ghost Story Active Member

    Joined:
    Oct 4, 2011
    Messages:
    1,520
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    here but not there
    what is happening is the $ are being taken from the many to the few and that's not good for economies though I am sure the few are happy the many will not be, this is whats start civil wars the many up-rise against the few.
     
    Ghost Story, Apr 16, 2013
    #11
  12. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,982
    Likes Received:
    6,662
    Trophy Points:
    113
    Location:
    Sydney
    If gold is at $500/oz, we can expect a GSR of 15 so silver will be at $33/oz. Makes sense to me. Then if the AUD drops to 75 cents then silver is at $45/oz, double today's market.

    I'll have fries with that!
     
    sammysilver, Apr 16, 2013
    #12

Share This Page