GFC 2?

RetardedMonkey

RetardedMonkey

Active Member
Silver Stacker
So for people who were in the precious metals game at pre-GFC, is this similar to what happened then?

au2008.gif
 
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!
 
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
 
RetardedMonkey said:
So for people who were in the precious metals game at pre-GFC, is this similar to what happened then?
Click to expand...

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
 
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.
 
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
 
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 ?
 
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.
 
Yippe-Ki-Ya said:
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
Click to expand...

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!
 
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