2020 Collapse

Slimey said:
I got rid of my cash and converted to gold so when the price drops I will buy more gold and I will pay.......using gold?
Hmmmmm, I wonder if they will take Visa?
Click to expand...

I can imagine how you feel. But I think in a later phase, you'll be happy to own some gold.

Cash, and objects of vital necessity will stay important right now.

But, gold is already climbing now. Perhaps it's just breathing. I still don't exclude a shoot-up above 2,000 $ this year.
After all, PM's also need to "breather".
 
sgbuyer said:
I’ve considered buying stocks, added some and regretted. Only 5% in stocks but left 3% as most dumped 40%. Only 2% gone but it still sucks. I won’t dare to buy more until all settles down.

At this moment, I think silver is still a way better bet than stocks as silver can’t go bankrupt or be diluted. I mean it’s already below production cost for many miners so it won’t stay this Low for long even if the price may temporarily drop to $9 or lower.
Click to expand...
that is the crazy talking SILVER IS MINED AS A BIMETAL TO OTHER PRIMARY METALS FOR THE MAJORTY OF SILVER -- THE PRICE CURRENTLY IS FAR FAR FAR HIGHER THAN THESE COSTS

silver is not where you want to put your money trust me this is a once ina decade buying opp in the share market you dont want to miss
 
Well, I agree with what you're saying but I'm not skillful enough nor do I have insider information to trade in this current market. I made a small buy over a week ago and it has gone down 40% in less than 10 days. As I trade through a broker, I think my broker is already laughing at me.

I can't even DCA downwards, because how to know if the stock won't be diluted or get bailed out? It's not like silver or gold, where I can DCA as it falls, and it will come back in the future. Stocks don't work that way. It can fall all the way to zero.

I think I would wait till the government bailouts begin and buy the surviving stocks that haven't gone bankrupt. In the meantime, buying silver is just for fun and to pass time. I mean, this is why we're on this forum in the first place?

Forgot to add that I bought silver and gold to hedge against the possibility of bank failures and capital controls, however remote it is, is not zero.
 
Last edited:
Not sure how closely you peeps follow financial news in the USA, but it's starting to feel like 2008 again for me. Burgeoning liquidity crisis threatening credit markets and money market funds. Demand shock in physical gold/silver markets (dealers running out of inventory). The Fed shooting bazookas almost daily now. I've got to wonder how many fingers the Fed can plug into the dam before it breaks.
 
CRUDE OIL SLUMPS TOWARDS LOWEST PRICE SINCE 2003, FUELING FEARS OF GLOBAL RECESSION
 
alor said:
CRUDE OIL SLUMPS TOWARDS LOWEST PRICE SINCE 2003, FUELING FEARS OF GLOBAL RECESSION
Click to expand...

Oil is at 22.50 $. Just a few hours ago it was above 26 $ and I thought 25 $ would be a record.

Gold correcting upwards. As recession/crisis kicks in, gold will climb.

Many gold dealers are experiencing high buying. Or, they're lying because it's in their disadvantage to sell gold for less than they bought already.

I am watching the trends: many European countries are forcing "all businesses, shops" to close down except pharmacies and food stores.


What this means - my ideas:

- Banks:
1) banks will close,
2) then the recession hits,
3) negative interest rates/bail ins/money blocked in banks etc.,
4) people become wild dogs as they can't take their money out,
5) cash ban: even if you took it out, you'll be constrained to somehow get rid of it, because "money is contagious" <<< so well thought out, right?

If you didn't take your money out of the banks, then it's kind-of late in some countries. In others, you still have days, probably a week or so left.


- Oil:
1) oil dips,
2) this slams the US' enemies: Russia, Iran, Syria, Venezuela, China, but also the US (petrodollar) and Saudi Arabia
3) multiple economies collapse (Saudis, Russia) and the petrodollar system collapses too (unless trade holds the US dollar together, it too will collapse) and many big cities and entire countries become Detroits
4) riots, anarchy, total chaos, war? (regional or within countries... either way, uncontrollable, not even the UN or NATO will have a say, because it will become an "everyone for himself scenario" and there will be too many conflicts around the world, while the major powers will all be in deep crisis)

Gold did take a dip, but it will climb as everything else falls. I think. Probably some countries will indeed create a new gold standard.


What I think could save us from the grim scenarios:
- if the Corona spread reaches its peak until April and starts dipping until May: less infected, less dead and at least the developed world starts to "breathe" again (probably not Africa and India, but hopefully they too)
- industries, transportation, tourism re-start (with many bankruptcies leaving space to the companies that survived) >>> most economies survive, but in recession and with severe financial/social problems, others become Venezuelas
- there will be no full recovery, but a slow agonizing survival without war, without extreme crises and without millions of dead.
 
Terrible truth about how dangerous the Corona pandemic really is - just check the Italian facts (Wikipedia):

35,700 infected and 2,978 dead
Death rate: 8%!

That means, every 12th person who caught it died!

Not to mention the suffering of most others who barely made it.
 
You would have to think they are only testing properly those that are presenting very ill atm to have a toll that high.. who knows anything right now, eh
 
TreasureHunter said:
Terrible truth about how dangerous the Corona pandemic really is - just check the Italian facts (Wikipedia):

35,700 infected and 2,978 dead
Death rate: 8%!

That means, every 12th person who caught it died!

Not to mention the suffering of most others who barely made it.
Click to expand...
Italy have the 2nd oldest population in the world their death rate was going to be higher than the rest
 
Court Jester said:
Italy have the 2nd oldest population in the world their death rate was going to be higher than the rest
Click to expand...

That is one explanation I've heard in mainstream media. But they should have an excellent medical system.

Eastern Europe and Central Europe will be heavily hit, if this spreads.
 
TreasureHunter said:
That is one explanation I've heard in mainstream media. But they should have an excellent medical system.

Eastern Europe and Central Europe will be heavily hit, if this spreads.
Click to expand...
It's a plausible explication though south Korea with a similar level of quality on the medical system has a lower death toll % wise
 
Court Jester said:
It's a plausible explication though south Korea with a similar level of quality on the medical system has a lower death toll % wise
Click to expand...

Death rate in Singapore is still 0% if it is to be believed. But I wouldn't focus too much on death. Critical is 5%. Some of the 5% may well be in coma.

By the way, it's very difficult to get tested here. They won't test you if you have only flu symptom or fever for less than 5 days.

Case Summary in Singapore (as of 18 Mar 2020, 1200h)
ACTIVE CASES
196
Hospitalised (Stable) Hospitalised (Critical)
181 15
Death Discharged
0 117
 
TreasureHunter said:
Oil is at 22.50 $. Just a few hours ago it was above 26 $ and I thought 25 $ would be a record.

Gold correcting upwards. As recession/crisis kicks in, gold will climb.

Many gold dealers are experiencing high buying. Or, they're lying because it's in their disadvantage to sell gold for less than they bought already.
Click to expand...

Still no shortage of gold in Singapore. Yes, a dozen or two kilobars and hundreds of 100g bars sold daily, but new supply keeps coming in from Switzerland every couple of days. I've been watching the kilobar and 100g bar inventory movement SINCE mid-January.

However, Silver, IS ALMOST GONE! Not much left. Maybe 10% of stock left in entire Singapore if you search the smaller dealers. Don't see any sign of new supply arriving. This 10% , which is being sold at a crazy 20-40% premium for kilobars, won't last until next week.

I've always believed that there is less above ground silver than gold and now we are starting to see it happening before our eyes how little silver there is in the world.

Some simple calculation:

Gold - above ground 190 tons, 48 million per kilo - 9 trillion usd.
Silver - above ground 110 tons (bullion/coins), $400 per kilo - 44 billion usd.
 
Last edited:
I'm stunned. Tried ordering meals online and all websites are either postponing delivery by at least 14 days due to overflowing online orders. Many sites are stopped. Many products are sold-out: vitamins, food, hygiene products etc.

Can't order anything online. ZERO. Except from abroad (which I haven't tried).

Shops are half-empty. Even canned food is getting scarce.
 
TreasureHunter said:
I'm stunned. Tried ordering meals online and all websites are either postponing delivery by at least 14 days due to overflowing online orders. Many sites are stopped. Many products are sold-out: vitamins, food, hygiene products etc.

Can't order anything online. ZERO. Except from abroad (which I haven't tried).

Shops are half-empty. Even canned food is getting scarce.
Click to expand...
what country are you in?
 
unnamed.jpg
 
Peter Schiff: QE4 is going to be bigger than the first three combined, but it's going to be worse this time

PM's will start climbing upon the launch of QE4. This is going to be a good window of opportunity to buy more. I think. Despite what people currently say. Still: focus on gold, not silver.
 
You must log in or register to reply here.
Back
Top