STOCK MARKET COLLAPSE INEVITABLE, ALL TECHNICAL INDICATORS FLASHING RED
50 DAY 200 DAY MOVING AVERAGE "DEATH CROSS" CONFIRMED
NEGATIVE BREADTH
ONLY 25% OF STOCKS ABOVE 50 DAY MOVING AVERAGE, VIX SKYROCKETING
CONSUMER STOCKS FLAT EVEN THOUGH IT'S CHRISTMAS SHOPPING SEASON
LONG TERM BONDS RISE, DEFENSIVE STOCKS LEAD, GOLD RALLYING
Nobody cares boomer take your retarded ponzi scam somewhere else we're trying to make money here buying actual assets.
Boomers litterly can't cashout
Gonna drag everything else down with it though.
>trump is gonna fix the economy
This just proves that less taxes for the rich never works
Good thing I'm in gold mining stocks.
it's tanking because the economy is doing well brainlet
Fed is raising rates and people are cashing out and moving into safer investments like bonds because they can actually beat inflation now
Part of it is them intentionally trying to crash the economy with no survivors so Trump won't get reelected
>not hedging into crypto
lel
Market down 15% from highs at the lows today. Boomers btfo
Are you stupid? Nobody paid taxes for the first 150 years of this country. Everyone should be paying little to no taxes.
How does the rich paying more taxes to the corrupt govt make the economy better lulz
Don't get me wrong, I would be very pleasantly surprised to see liquidity flow into the crypto markets as a hedge. But I think it has to stick around for another half decade before that's seen as a viable solution.
>the fed is intentionally crashing the economy because muh drumpf
Imagine actually wanting inflation.
He thinks bonds is a safe investment and not gold lol
>stock market is crashing ‘cuz Trump’s economy so good nobody wants to buy shares of companies
>Wealthiest puppet masters whose wealth is tied to stocks and bonds are destroying their own fortunes so Orange Goblin won’t be re-elected in 2 years.
My God, the brainlet faggotry! Imagine being this fucktard-pilled!
>gold
>mining
>stocks
just buy gold you dumbass
How does money in stocks helping benefit the economy flowing to crypto which are just currencies benefit things?
It's crashing because buy back money ran out. Our economy has been in the shitter for the majority of the country for a bit. It's been completely propped up with buy backs. If they don't raise rates, and preferably REALLY quickly, they will have no rates to cut to spur growth during the recession.
Why doesnt Trumpy have any control over this? LOL! Sad!
>but muh rich people
Please kys, nanny state plebs deserve the rope.
gold funds are more tax inefficient
I'm talking in the context of crypto and how it would be good for it, not the economy.
Um... the economy crashing will mean deflation. Which is a good thing. Especially for those with real money. Gold
You are stupid. The entire point of buying gold is so you can "make it" when the currency crisis hits.
If you have dollars in gold stocks and a currency crisis hits you don't have the actual gold to make it.
When you invest in a stock... gold mining or other..... you are trying to make more fiat. But if you don't have the actual gold in a currency crisis then you are fucked
You're an idiot. The best asset to hold during deflation is cash.
Well if the economy is fucked beyond repair it won't do any good to have your wealth in crypto
It won't do any good to have it in gold either. At that point invest in weapons and ammo.
Believe it or not, most of us don't put all our eggs in one basket. I have some physical gold and silver. I also have tax advantaged funds where I hold (currently) gold mining stocks because it's the safest place for my money right now.
Cash - federal reserve (debt) notes aren't an asset you fucking idiot. It's just fucking paper from a tree
Gold is an asset. FRN's are worthless fucking paper
just zoom out op
It will when it eventually bounces back in a year or two while I wait on the sidelines with some nice stacks to jump in when it does crash.
Gold goes down in a deflationary recession just like any other asset. Just like how it went down in 2008, it went down about 30%.
It's impossible to lose owning gold.
You idiots don't understand there's a difference between investing and savings.
When shit is hitting the fan the priority is wealth preservation not investing necessarily
t. boomer
Some of us have actual businesses to run. We can't just sit on money all day and then drink ourselves to sleep because the grandkids won't visit.
When I can go buy a loaf of bread or pay my electric bill in gold, then the “fiat is worthless” meme has some truth.
>ALL TECHNICAL INDICATORS FLASHING RED
>he doesn't know about the M for MAGA pattern
Deflation isn't good. Look what happened to Japan after their krach in the early 90s.
Wtf I'm going all in now.
t-bonds are certainly less volatile then gold, yes.
A gold ounce 900 years ago is that same ounce of gold today. Doesn't fucking matter if the dollar exists or not brainlet. So I don't know why the fuck you are valuing gold in terms of worthless dollars.
If the dollar vanishes from planet earth tomorrow morning. Your wealth in gold isn't affected at all! That's the entire fucking point in buying gold you idiot.
There's a reason 1 single ounce of silver buys you 4 months of food on the black market after the bolivar hyperinflates. 1 ounce of silver in American dollars is 13$. 13$ barely buys you lunch at Taco Bell but when fiat fails that silver ounce buys you a shit ton of food. Which makes sense since foremost of human history a days wage equaled a silver piece the size of a silver dime. And 1 silver dime equals 1 ounce of silver.
So you had to work 2 weeks to earn a silver ounce for most of human history. So if you worked 2 weeks straight right now and put it all into good you could easily get 3-4 months of food saved up.
Go check the cost of eggs in bolivars right now and then go check the price of 1 ounce of silver in bolivars.
You know I just realized that as annoying as BTCfags have been over the past year, they are still far less irritating than goldbugs. Thanks. Really put it in perspective.
>I don't know why the fuck you are valuing gold in terms of worthless dollars.
Because if you sold gold before the 2008 recession and rebought you could have 30% more gold.
Gold went down in the immediate aftermath of 2008 but still climbed to double it's value by 2011.
It is possible to loose if you bought in 2011 highs.
Ya all these gold bugs start to stutter like idiots when you ask them how much paper gold is traded and how much it accounts for the price. Sure its a stable asset but just look at the 30 year chart
goldprice.org
that is one ugly fucking chart beginning in 2001. Cryptofags forgot the timescales that regular assets move on so they have no idea what a bubble looks like over a long period of time. Gold will get fucking slaughtered when its time comes. And don't post wojaks when the loudest gold evangelists who doomed you into buying from them are laughing all the way to the bank.
seekingalpha.com
> reeeeeeee
So you think in your Jew infected brain that without paper shit dollars it's impossible to exchange?
It isn't about buying shit in silver necessarily. It's about the fucking currency having value you fucking retarded nigger.
Why the fuck you think your invested in crypto in the first place? Because the fucking dollar is dying unironically because it isn't backed by gold
Gold's value in terms of it's exchange rate with other commodities does indeed change over time, regardless of the unit of account.
whoops
> t.guy who lost 15k when he bought silver at the peak in 2010-11ish
That was a shitty fucking lesson.
Uh I just need to say taco bell is the only fast food place who still has a real dollar menu. You can get a huge meal for $3 or $4.
Wait.. so you're really going to argue that you're buying Gold to "make it", talk about it being a safe investment, and then say that deflation will be a good thing for real money (gold) and then post some copy pasta talking about how it isn't an investment?
No shit during a currency crisis the currency loses value. If you have your money in literally ANY commodity or foreign currency you're doing just fine.
But the point is once the fucking dollar starts hyperinflating or a reset happens. If you don't have it the exact moment that happens you'll be fucked.
I mean maybe the dollar price of gold will go down to 800$ in the next year. Obviously I'd wait to buy more gold if I had a fucking crystal ball. But if a reset happens sometime next year and I don't have the gold because I was waiting for it to go lower.... then I'm fucked
Wtf are you going to do? You have 500k net worth. You have inside info that a currency crisis is coming in 3 weeks.
Your going to go out 500k into ammo and canned food? And not put any into gold? Are you really that fucked in the head and brainwashed?
Sure, nobody is saying that buying fcking preps is a bad idea but what are you going to to? Put your entire net worth in red wheat?
Commodities are perishables. Gold is money
Gold isn't money, it's a commodity.
As far as your specific scenario? I'm buying land, food, guns and ammo to defend it, and manual farming equipment.
Then I'll walk to your house and take your gold.
Yes... every hear the story of the hotel bellcap in Weimar Republic Germany? Had 25 ounces of gold saved of from wage cucking. Not a ton of gold but a nice NEET amount. And after hyperinflation he was able to buy a fucking city block with a mere 25 ounces of gold.
Look at that pic related. 1,500 bolivars for a single carton of eggs.
Guess how many bolivars equals 1 ounce of gold? 300 fucking million bolivars equal an ounce of gold.
Imagine buying just 8 ounces of gold and 200 ounces of silver 6 years ago before the bolivar collapsed. Youd be sitting fucking pretty right now in Venezuela
That's the point in buying gold fuckhead. You but that land for pennies on the dollar.
What are you going to do? Buy a home and land now for 20% down.... then the currency hyperinflates and then you don't have any money to make payments.
"Gold is money, everything else is credit." (JP Morgan testimony to congress 1912 before he died.)
Why the fuck do you think people walk into coin shops and buy gold??? When you drive pass a coin shop and see someone walking into buy gold what do you think? Do you think he might as well be throwing his money down the toilet?
>after hyperinflation he was able to buy a fucking city block with a mere 25 ounces of gold.
If he was a Jow Forumstch he prolly bought east of the Oder
Fucking christ, a commodities paper market didn't exist that was orders of magnitude larger than the actual supply when he said that. Fuck you are dumb. You don't even get a brainlet picture, it would be wasted on you.
Because youand everyone else bought into the ultimate Jew scam that a shiny rock has value past it's industrial use. Similar to how people feel about diamonds. It's all marketing.
Actually, if hyperinflation sets and you have a fixed interest rate it's far easier to pay off your loan.
Yeah and? Fake paper market is somehow a good thing? Everything is literally about to collapse because of it.
Interest rates are supposed to be determined by SAVINGS not creation of fake moneyb credit by an illegal central bank
Then why is the dollar dying? So gold is the Jew scam? Yet the federal reserve note is the one dying?
So keep my wealth in paper dollars and not gold? Afterall it's the fucking Jews who put that gold in the earths crust right?
It's fascinating psychologically that a bunch faggots investing in shitcoins because the dollar is dying.... unironically because gold doesn't back the dollar anymore........ hate gold
Gold is fucking savings you idiot. In 1912 when JP Morgan said that a gold ounce equaled a good weekly salary.
That same gold ounce today in 2018 is still equal to a good weekly salary
It's literally all a fucking scam. The Jews also control the gold. Know who's going to make the most money if gold becomes the de facto currency? It's still the Jews.
You shouldn't keep wealth in paper dollars, you should keep it in financial instruments that will beat inflation or store the value in land.
If the dollar goes south no foreign currency will save you, they will all go down with it because no country will let their competitivity go down the drain.
So don't keep your wealth in paper dollars just in investments denominated in paper dollars. So then when the dollar collapses it won't be the dollar ls you own that collapse it'll just be the dollar value of your investments (which is all the same thing)
The funny thing is....... your literally saying keep your money in investments that can beat inflation. So you are literally saying that inflation is bad. Because you need to invest in to beat it.
But if we were on a gold standard you wouldn't NEED to invest to stay above water by beating inflation.
>yeah but if civilization collapses I can buy entire city blocks with 1 ounce of gold
The absolute state of goldfags
It's a simple math reset
Neat, stocks fixing to go on sale
Nope dollar collapse coming
Spent the last 10 years buying gold jewelry from nigs and white trash it's been p good
Sold all my indexed funds today
feels good man
> a corporation prints the amount of money they decide on for private reasons
I'm sure it's the presidents fault though.
Economy has been dead for 10 years. It was propped up so they could play hero
> thinking the rich actually pay any taxes
> not knowing amount the myriad of legal ways to minimize or completely eliminate your tax exposure
oh you sweet, sweet summer child of innocence
>selling the bottom
Never change, Jow Forums
It’s not the bottom stock market going to 0 and every rich faggot is hedging with bitcoin OTC that’s why we don’t see any big price movement
If things get to SHTF scenario when the economy crashes people are only gonna care about food, water, and ammunition for their guns to kill other people for their food and water.
Please, for once in your lobotomized life try to keep at least a handful of your decaying neurons warm for 5 seconds and fucking think.
Why the fuck would anyone give a half of a dogshit about gold? For fucks sake nobodies going to give a flying fuck about some dumb soft ass metal they can't build anything with you retarded ass boomer
And what do you think happens when an economy crashes and or dollar implodes?
Do you think everything becomes free? Free food, free water and free ammunition? People with some silver and gold in Venezuela are fucking sitting pretty you fucking idiot. Venezuela has starving fucking people. So you are right people care about fucking food in a currency collapse and guess what fuckhead? If you have gold and silver you can fuckinf eat.
Go check the gold to bolivar conversion rate you faggot. 300 million bolivars for 1 single ounce of gold.
It isn't necessarily about a Shtf scenario. The world is swimming in debT. Gold getting revalued overnight to 20-30k per ounce is a real possibility to purge the debt from the system. Followed by a deflationary collapse of all asset prices. That's where gold shines
THATS BECAUSE THE USD IS """BACKED""" BY GOLD
IF THE USD ITSELF CRASHES GOLD WILL BE WORTHLESS BECAUSE USD IS WORTHLESS YOU DROOLING RETARD
HOW ARE YOU NOT ABLE TO PUT TWO AND TWO TOGETHER??? HOW CAN ONE PERSON BE THIS DELUDED?
please be b8
So why the fuck so people buy gold the ?
Let's be honest for a second, if there's a worldwide collapse I'm not selling you my excess food for useless gold.
So why the fuck so people buy gold then???????
What's the fucking purpose of buying gold?
Fucking coin shops exist in every town where people go in and spend their fiat on silver and gold. So what the fuck are they doing that for?
I couldn't be more serious
>So why the fuck so people buy gold the ?
lol wut
Thank you, I was beginning to feel fucking crazy here
because they're idiots like you who fall for the pm meme. there's demand, so someone fullfills the demand.
Wtf are you going to do? Put your entire fucking net worth into canned/freeze dried food?
Let's say you are paranoid the economy will collapse or you have inside knowledge the economy will collapse. And let's say the temporary societal breakdown lasts 0-60 days. Maybe it will be as simple as a gold revaluation and things go on with a new currency immediately or you have shit going haywire for a month or two before the dust settles
Your going to put your entire net worth into perishable food? Are you fucnjng retarded?
No asshole. That's. Or a sufficient answer. When someone goes to buy a gold ounce for $1,200 why are they doing that?
I said why the fuck are people buying gold then? What's the purpose of buying gold then if it doesn't preserve your wealth for when the
Let me say it slower for you so your mongoloid brain can understand.
US Dollar biggest currency in world
US Dollar backed by gold
Countries with shit economy and currency want gold/silver so they can exchange it for US Dollars
US Dollar crashes
Precious metal backing a currency that just crashed will also crash, obviously.
The usd WAS backed by gold. And now that it isn't anymore that's literally the entire reason youbare investing in shitcoins.
The USD used to equal gold. If the USD dies gold is still fucking gold and valuable.
please be b8
>Your going to put your entire net worth into perishable food? Are you fucnjng retarded?
In land, buildings,real estate you absolute fucktard. Non perishable-food or equipment to make food non-perishable (salt, a boiler etc.).
In case of a societal collapse you need to invest in the bottom of Maslow Pyramid, not fucking jewels.
The fucking usd equaled gold. Without gold there was no USD to get off the ground. Gold has been money and valuable since before Christ was alive. So wtf are you even talking about. Do you have a fucking lick of logic?
The entire fucking point of buying gold is because fiat is a scam and you are worried it will hyperinflate.
I have zero stake in the economy, I dont give a fuck.
yes faggot it's tautological. precious metals bugs on tv, radio, youtube, etc manage to convince enough idiots to go buy the shiny rocks so the store that inevitably pops up in every town serves that demand.
>Currency crashes, economy implodes, everyone either loses their jobs or the money they receive for the work they do isn't enough to live off of
>Boom boom has an idea
>"I know what people who are struggling to feed themselves and their families need!"
food?
>"NO, THEY NEED GOLD, THAT WAY WITH THIS USELESS METAL THEY CAN FEED THEIR KIDS'
at this point you are confirmed retarded or b8
You put it into land real estate and shut after the currency crisis and deflationary collapse. That's the entire point. So you can get land and shit for pennies on the dollar.
If I think the economy and dollar is going to collapse in 1 year why in the fuck would I put down 20% on a 300k house or whatever just to see its usd value get clobbered when the dollar dies and then not be able to afford the payments since the dollar will be worthless as fuck.
1 ounce of silver traded for bolivars right now is like 300k bolivars. Eggs are 1,500 bolivars. 1 ounce of silver buys you a shit ton of dozens of eggs in a country where people are starving.
Do you fucking get it now?
I love Jow Forums chicken littles.
Because Venezuela is not a self-contained system. People know they can sell their silver outside of Venezuela, so they accept payment in silver.
In case of a collapse, I'm not selling you my land food or anything for silver. I'm letting you starve.
Tell me how many bolivars a gold ounce will get you.
The economy is fine.
Oh, wait, are you one of those retards who think the stock market is the economy?
We are in no danger of needing ammo and guns instead of money. If you think so, you're a fucking spastic whackaloon.
Dude it's literally 8th grade math to do a reset. Fiat is failing worldwide. It's not like the dollar collapses and we live in some sort of closed loop barter system till the end of time exchanging your chickens for blowjobs.
There will be a new standard of value. China India and Russia have been accumulating gold in record tonnage for over a decade now. You think they are doing that for fun?