to put this as simple as possible. Is the economy going to dump more and then eventually go back up, indicating a buying opportunity in stocks, real estate, etc. Or is all going to zero? Would I be safe if I invest in good companies or is it not worth it all,because the USDollar may go to zero? What are your thoughts? Should I take this as a buying opportunity or embrace the possibility of a complete financial collapse where my money is now toilet paper?
Im just a broke trade school student unsure about this whole shitty clown show, and dont want all of my money to go down the drain.
To go off topic a bit, Would trump even let that happen, because if you introduce a new financial system, what are you going to do if millions of hard working middle class Americans lose all their wealth from the old system?
The dollar may not go to zero, but DOW 16,000 is a real possibility. Basel 3, 4 kick in on Jan 3rd and the manipulation of the gold and silver market will come to and end. Those holding paper silver and paper gold will be holding the shitty end of the stick soon. Real assets are the hedge against the coming inflation and the coming market crash. Just my opinion. The only stocks I would be buying right now would be those in the Death Care industry. There is a whole lotta dying going on for some reason.
Thanks, I didn't realize that Basil 3/4 was habbening now. I thought it was already implemented.
Pls help me understand why the manipulation will end, and any other interdasting insights you may have. Thx fren.
It's my understanding that Basel 3/4 requires banks to have actual assets in their possession in order to make a transaction against that asset (collateral). This prohibits one bank from creating "leased" contracts for gold/silver to other banks who in turn, use their leased assets to sell the public paper SLV/GLD.
https://www.bis.org/bcbs/basel3.htm