Are we in the beginnings of a Doom Loop?

[bambino]

Originally Posted by eyecu2

There are a lot of ppl talking on CNBC about the current state and even one of the Hosts wrote a book on it- comparing it to 1929 type of comparisons. I guess the bigger question is where do you park your money if you think that the "end is near". I'd say either gov.t bonds, real estate or gold, but even gold is really high priced based on statistics etc. right now. And real estate will devalue if a depression hits- as sellers will flood the market and buyers will dry up- till it's bargain basement prices again.

anybody doing any foreign currency trades etc? That's one thing I've not done despite having 5% in crypto just to keep a toe in the proverbial water. I don't believe in it much- but clearly there are some who do.

Silver. In your possession. Gold and silver are the only things that are constitutional money. Silver is still cheap. Although a pre 1965 dime will run you $5. Let that sink in. 1oz Silver Eagles are around $58 presently. I bought more yesterday.


Reminder.

Only 0.5 % (Less than 1%) of the population hold any physical silver savings at all!

[HDGristle]

Ammo, eye. Lead can help me secure silver, gold, bottlecaps or waffles in a variety of ways.

[eyecu2]

I've got lots of pew pews, and all that. I would think that heavy metals are difficult to keep and carry so I'm not so sure about that. I keep minimal cash on hand vs in my various savings and investment locations. But I am gonna think about purchasing maybe 80k in gold here as it's much easier to transport than 80k in silver. Lol.

[bambino]

Originally Posted by eyecu2

I've got lots of pew pews, and all that. I would think that heavy metals are difficult to keep and carry so I'm not so sure about that. I keep minimal cash on hand vs in my various savings and investment locations. But I am gonna think about purchasing maybe 80k in gold here as it's much easier to transport than 80k in silver. Lol.

The Gold to Silver ratio is around 80/1. Historically high. Normally it’s around 15/1. You can buy a hell of a lot more silver. When the GS ratio tightens up, and it will, you can trade your silver for gold and have 6 times as much gold. I don’t know your living arrangements, but if you live in a house, you can easily store 2000 ounces of silver safely. It would cost a little north of 80k depending on what you buy. Real assets in your possession with no 3rd party risk.Then I would suggest you buying a firearm and some ammo. To protect your bottle caps and waffles.

[bambino]

Once the final dollar crunch hits and the Fed is forced to print, it’s over. That’s it.

Start the final countdown.

[bambino]

$4,200 gold isn’t an investment decision.
It’s a currency crisis warning.
Central banks don’t rush to gold because they think it’ll go up.
They rush to gold because they know their currency is going down.
And if central banks are scared?
You should be TERRIFIED.

[eyecu2]

Dollar has been shitting the bed lately. Ugh

[bambino]

JPMORGAN CEO JAMIE DIMON:

“Gold could easily go to $5,000, even $10,000 in environments like this.”
“This is one of the few times in my life it’s semi-rational to own some.”

When the world’s top banker starts recommending gold… you know the revaluation has begun. ��

[bambino]

Originally Posted by eyecu2

Dollar has been shitting the bed lately. Ugh

The Fed pumps another $4.75 billion into the banking system.

The self-correcting facility is being used more often, revealing real-time cracks in the banking system.

If you actually have 80k sitting in a bank, time to get it out and buy real assets like silver, gold or platinum.

[bambino]

�� BANKS ARE F*CKED!!!

There is a huge liquidity crisis during this shutdown that has caused the banks to go into free-fall.

What could possibly happen to bring the liquidity back into the banking system?? A major monetary event….

I wonder what that could possibly be?? ��

[bambino]

Gold rose over $100 today, now trading above $4,315. Silver rose over $1 and is trading above $54. Gold is up 64% and silver 87% so far this year. Many mining stocks have tripled or more. If you don’t think this portends an imminent dollar and financial crisis, you’re in denial.

[bambino]

BANK CRASH

There has been NO News today on why regional banks have entered a correction with a majority of banks down -10% to 20% since the Fed heads cut rates at the end of Sept.

**Overnight Repo Ops have been rising as we been reporting

[bambino]

Proof that the US Treasury market is a Ponzi scheme. This is an actual line from Bloomberg, word for word.

"The Fed researchers said their figures showed the Cayman Islands is the largest foreign owner of US government securities, ranking ahead of China, Japan and the UK."

[Unique_Carpenter]

Buy dirt.
Seriously.
We downsized to 80 acres several months ago, pasture, creek and woods. We may buy the next door 80.
More expensive per acre than the Kansas we sold, but it's a limited resource as God isn't making any more land

[bambino]

Originally Posted by Unique_Carpenter

Buy dirt.
Seriously.
We downsized to 80 acres several months ago, pasture, creek and woods. We may buy the next door 80.
More expensive per acre than the Kansas we sold, but it's a limited resource as God isn't making any more land

True. However most people don’t have the resources to buy a large tract of land. Silvers cheap. Buy a bunch. You’ll be able to buy land after the crash. On the cheap.