WARNING!!!!Gold is now getting smashed

[betterinvestmentthanshare]

16/03/20
7:50pm
WA time
$2365

Check the charts

 

[stackmans]

Silver and BTC are getting hammered too.

 

[Vezpit]

Japan has done a few huge dumps pushing the yellow metal down.

 

[66rounds]

Point to one things that's not getting sold right now.

Hint: Everything must go

 

[Krakked789]

Somebody knows something...

 

[66rounds]

Somebody knows something...

Just fuming the missus didn't let me sell our car so I can stack more pet rocks

 

[Vezpit]

Cash will be king for a short while.

 

[jultorsk]

Reckon it's the corporate debt liquidity crisis, everyone outside USA is scrambling to pay their $US denominated debt.
https://edition.cnn.com/2020/03/14/investing/corporate-debt-coronavirus/index.html

 

[Oddjob]

Silver making a fight back into the $12's....

 

[Timmy88]

I believe that short while has come for many.

Good dip buying now if you are liquid

Timmy

 

[Krakked789]

Just fuming the missus didn't let me sell our car so I can stack more pet rocks

LOL. The guy next door was trying to persuade me to buy a new car on finance a few months back. That would have been a disaster...

 

[PM]

Just bought a truck and backing it up.

 

[Vezpit]

Look for the US to integrate SDR as a lock for the USD. Current debt is becoming unstable.

 

[Krakked789]

Silver making a fight back into the $12's....

View attachment 35172

I am definitely watching for a buying opportunity. But the physical price isn't really following suit, apart from the big bars.

 

[Jason1]

LOL. The guy next door was trying to persuade me to buy a new car on finance a few months back. That would have been a disaster...

yer he may as well of told you it was a good idea to grab ya nuts and slam it in the door. lol

 

[forgedinfire]

Just fuming the missus didn't let me sell our car so I can stack more pet rocks

'Todd, why did you ride a bike to work today?'

 

[66rounds]

Look for the US to integrate SDR as a lock for the USD. Current debt is becoming unstable.

This is the most reasonable hypothesis I've heard. SDR definitely on the table.

 

[Krakked789]

Gotta go, despite this being fascinating to watch.

 

[Krakked789]

yer he may as well of told you it was a good idea to grab ya nuts and slam it in the door. lol

That was good for a laugh.

 

[Oddjob]

and just think the majority of the people out there have NFI what's happening right now....all watching Married at First Blight or some other god damn awful reality crapola.