Buying gold to prepare for the recession or financial disaster ?

masmas

masmas

New Member
Hi All,

The reason I am becoming member of this forum is to gain some knowledge in how is the best way to invest in Gold & Silver before the recession, sort of preparing the financial buffer for myself.

Therefore, after looking around for some good books to properly educate me in precious metals investment, I wonder if anyone have read this book below?
http://pro.portphillippublishing.com.au/s8rsigoldsegb/ERSIS842

Any suggestion and comments would be greatly appreciated.

Thanks.
 
Gold and silver should be just a part of your strategy.

There are stock that will do well in a recession, broadly known as defensive stocks.
looking at long term, listed nursing home providers and big pharmer will grow even bigger.

Other currencies as a hedge is a good bet too.
 
Port Phillip Publishing = Jim Rickards... No longer a fan since he sold out a while ago. Sales pitch on the sites are atrocious. Good info for a beginner but hard not to get caught up in the hype they rely on for sales.
 
Thanks IPv6 and House for the explanation and share.

Yes, I'm new in this precious metal business hence I'd like to read or know more about it by reading a book.
 
BIG fan of Vern Gowdie at PPP.

No time at all for Rickards, just a snake oil salesman.

OC
 
Vern is ok, but I don't really read him much because he sounds a bit like a broken record. He's been singing the same tune for a while now so he goes into perma-bear territory for me. A bit too much like the Aussie version of Schiff or Maloney I reckon.
 
Rickards is a smart guy no doubt and it's hard for me not to appreciate a lot of his insight, wisdom, and advice.....but like so many other smart folks who are precious metals hawks, they tend to get too sales pitchy for my tastes.

I was more or less introduced to the idea of stacking silver when a friend turned me onto Chris Duane in 2012. No doubt Duane is smart and articulate. I think he has a lot of good info to share with his video series "The Greatest Truth Never Told". But like so many in the game, he comes across to me like a sales pitch guy and after a while I just get over saturated with that.

I don't hate folks like that at all....I simply have moved on from that stage in my own precious metals education for the most part.





.
 
I quite like Maloney. I don't accept everything he says and of course he is a PM dealer, but he has a good way of explaining things and a credible style. I know virtually zero, so even the pumpers have some value to me, so long as I remain sceptical.

I take a bit from here, a bit from there....a bit from all over.... and try to stitch together my own picture.
 
House said:
Port Phillip Publishing = Jim Rickards... No longer a fan since he sold out a while ago. Sales pitch on the sites are atrocious. Good info for a beginner but hard not to get caught up in the hype they rely on for sales.
Click to expand...

absolutely reeks of scam to me. very disappointing, seems no matter how much money people have they always want more. I certainly wont be buying the new case for gold in any form.
 
Silverthorn said:
House said:
Port Phillip Publishing = Jim Rickards... No longer a fan since he sold out a while ago. Sales pitch on the sites are atrocious. Good info for a beginner but hard not to get caught up in the hype they rely on for sales.
Click to expand...

absolutely reeks of scam to me. very disappointing, seems no matter how much money people have they always want more. I certainly wont be buying the new case for gold in any form.
Click to expand...

Silverthorn,
What have they done to you mate ? Did you get burned by the wrong stock picking service or some bad financial advice / prediction ?

I'm also wanted to buy the book only and then cancel the subscription.
 
masmas said:
Old Codger said:
BIG fan of Vern Gowdie at PPP.

No time at all for Rickards, just a snake oil salesman.

OC
Click to expand...

Yes,

I've read the book "The End of Australia" too :-)
and last week, he is suggesting not to invest in stock market: http://www.dailyreckoning.com.au/pu...ally-high-priced-market-mugs-game/2016/08/17/
Click to expand...
Bloomberg reported on 11 August 2016:

'The number of officers and directors of companies purchasing their own stock tumbled 44 percent from a year ago to 316 in July, the lowest monthly total ever, according to data compiled by The Washington Service and Bloomberg that goes back to 1988. With 1,399 executives unloading stock, sellers outnumbered buyers at a rate that was exceeded only two other times.'

The insiders the ones who know the real numbers are selling.

Bloomberg offers this insight:

'The lack of interest among executives may be a warning signal for investors who just saw analyst estimates for third-quarter profits turn negative even as equity valuations swell to levels not seen since the aftermath of the dot-com bubble.'

Maybe it's different this time, but I don't think so.

An assorted bag of tricks by central bankers and executives has been used to keep this market afloat.

This is not investing; it's a rigged casino.

Putting money into this historically highly priced market is a mug's game.

Sure it could go higherand I fully expect that. But it's like chasing the market in 1999short term gain followed by long term pain.

Investors thinking they can get out before it all tumbles down are deluding themselves. Only the lucky few will exit safely.

Quote from above
 
masmas said:
Silverthorn said:
House said:
Port Phillip Publishing = Jim Rickards... No longer a fan since he sold out a while ago. Sales pitch on the sites are atrocious. Good info for a beginner but hard not to get caught up in the hype they rely on for sales.
Click to expand...

absolutely reeks of scam to me. very disappointing, seems no matter how much money people have they always want more. I certainly wont be buying the new case for gold in any form.
Click to expand...

Silverthorn,
What have they done to you mate ? Did you get burned by the wrong stock picking service or some bad financial advice / prediction ?

I'm also wanted to buy the book only and then cancel the subscription.
Click to expand...

I'm doing fine but if you read that link and not think scam you need your spidey sense adjusted. No way would I put my card details in a link like that. I use to like rickards but this stuff turned me off him.
 
I think a scenario people should consider is not SHTF or economic Armageddon but the most probable scenario....

USA and Europe continue a slow but steady recovery but China having a sneeze and Australia catches an economic death plague flu.

For people old enough and heard of Tiger economies, Japan (not really considered a tiger economy but close enough), Taiwan, Korea and Singapore all had major and multiple recessions but to us here in Australia it was just a blip it didn't really effect more than few percent of our GDP (not counting the crash of Japan stock market 1990s but they were already major economic power.

No country ever developed without having one, yes even America and Europe and I can comfortably predict that China will have a recession that too far away, not a slow down but a negative 5 or nore percent. This will wreck havoc to the Australian Economy.

Many people in Australia think BHP and RIO are big, yes there are big but they are not the biggest miners, those distinction goes to Private Chinese Government miners, in some areas they Dwarf the big Aussies. Consider China actually mines as much or more Aluminium, Copper, Iron and Coal than Australia and BRazil and few other countries does and We in Australia supply what they cant produce fast enough them self.
Note: I dont mean Chinese company owning an Australian or Brazilian mine, I actually mean Chinese mines inside mainland china.

Look at iron ore production 2014
Chinese annual Production 1500 million tons - inside china
Australian annual production 600 million tones


In a Chinese recession the Chinese government will just abruptly stop buying foreign iron ore before they close a mine in China and lays off its worked.

So imagine over a course of quarter, Australian Iron, Aluminium, Copper and Coal exports drops 80 or more percent, what will that do to the Australian Dollar - less than 50c US.
 
IPv6,

Thank you for the detailed explanation and the sharing here mate.
I now know more about the world economics from your post.

If somehow that situation happens in the future, I guess it will increase the price for precious metals.
 
masmas said:
IPv6,

Thank you for the detailed explanation and the sharing here mate.
I now know more about the world economics from your post.

If somehow that situation happens in the future, I guess it will increase the price for precious metals.
Click to expand...


I think in that scenario, Gold price in Australia dollar term will go hyperbolic.
Because China cant have a recession without effecting the world so gold spot will go up but with Australian dollar having smack down it will go high and fast.

I guess it is like the last time AUD = USD - Australia missed on the " golden shine" on the gold prices because Australian dollar tracked up higher and faster than gold in US dollars. But in my scenarios in Australian dollar terms it will be amplified in the favour of people that hold gold and silver.
 
If you want to learn about metal, aside from all the bluster it's important to know the historical price too:
kmNkIWY.png


bQUoenQ.png


Look at what silver and gold did for 20 years from 1986 to 2006, bugger all, it was a horrible place to put your money unless you timed it just right for relatively brief periods. The future could be similar, or it could not, no one knows.
 
Try and et along.

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SilverDJ said:
If you want to learn about metal, aside from all the bluster it's important to know the historical price too:
http://i.imgur.com/kmNkIWY.png

http://i.imgur.com/bQUoenQ.png

Look at what silver and gold did for 20 years from 1986 to 2006, bugger all, it was a horrible place to put your money unless you timed it just right for relatively brief periods. The future could be similar, or it could not, no one knows.
Click to expand...

Totally with you, unless the entry and exit is watched and timed, locking up all or big portion of ones wealth for a extended periods and hoping for some kind of PM miracle doesn't bode well into my kind of investing. I

I see strong chance that China will have a recession, in the next ten years after all after the boom there is a bust.
 
Ipv6Ready said:
I see strong chance that China will have a recession, in the next ten years after all after the boom there is a bust.
Click to expand...

And what will that do to the price of metal? No one knows.
Try and spot the big rise in metal prices after the big crash 1987 on the above graphs.
 
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