Stocks crashing, silver crashing, gold crashing, everything crashing. I always knew that when the s**t hit the fan, margin calls would result in everything getting liquidated. That includes silver and gold. And here it is.
Many of us who believe in precious metals understand that one day, there would be a wash out and it might be more than just a 20% correction down, it would be a total melt down of the fiat currency system. What would the world look like when trillions upon trillions of dollars of debt gets defaulted on?
Are we at that point now? Does the Federal Reserve take any action? And if they do, will it matter? That would be the real shocker, if the Fed cut rates dramatically, as some are expecting, but it did not phase the market. Until now, stock market players (notice I don't call them "investors") have been conditioned to expect the Fed to come in to save the markets. Why have they not stepped in yet? Is the game over?
I feel a sense of excitement deep down inside. I have a really good, secure job but am now at retirement age. I've always said that I'm not going to retire until I see the big reset when all of the debt is defaulted on, the government debt turns to junk, what will the world look like then? I don't think that I would want to not have a job as my social security, retirement savings and other fiat-based assets turn to dust.
I have not bought into the stock market since 2008 as the core problems have not been fixed. I am heavy in cash and precious metals. But now I am adding some stock positions as I see yields exceeding 6%. Thinking of buying BHP today having bought XOM and others recently. But I also want to bulk up on the silver position both in physicals and here in the paper contract. It's still a long term proposition but if the reset does occur in the months to come, one might expect real physical assets to become scarce or more controlled as we are seeing in Germany.
Don't let the negative moves in silver and gold scare you. It is merely a reflection of margin call liquidations that sweep across assets. In reality, the true value of real hard assets, real money, may soon become apparent to everyone.
Many of us who believe in precious metals understand that one day, there would be a wash out and it might be more than just a 20% correction down, it would be a total melt down of the fiat currency system. What would the world look like when trillions upon trillions of dollars of debt gets defaulted on?
Are we at that point now? Does the Federal Reserve take any action? And if they do, will it matter? That would be the real shocker, if the Fed cut rates dramatically, as some are expecting, but it did not phase the market. Until now, stock market players (notice I don't call them "investors") have been conditioned to expect the Fed to come in to save the markets. Why have they not stepped in yet? Is the game over?
I feel a sense of excitement deep down inside. I have a really good, secure job but am now at retirement age. I've always said that I'm not going to retire until I see the big reset when all of the debt is defaulted on, the government debt turns to junk, what will the world look like then? I don't think that I would want to not have a job as my social security, retirement savings and other fiat-based assets turn to dust.
I have not bought into the stock market since 2008 as the core problems have not been fixed. I am heavy in cash and precious metals. But now I am adding some stock positions as I see yields exceeding 6%. Thinking of buying BHP today having bought XOM and others recently. But I also want to bulk up on the silver position both in physicals and here in the paper contract. It's still a long term proposition but if the reset does occur in the months to come, one might expect real physical assets to become scarce or more controlled as we are seeing in Germany.
Don't let the negative moves in silver and gold scare you. It is merely a reflection of margin call liquidations that sweep across assets. In reality, the true value of real hard assets, real money, may soon become apparent to everyone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.