We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Liquidate entire portfolio until virus is over?

Options
17071737576127

Comments

  • EdGasketTheSecond
    EdGasketTheSecond Posts: 2,558 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 4 April 2020 at 4:53PM
    Funny you should mention that. I take it you haven't tried to buy physical gold or silver lately? It is all but impossible, mines are shut and mints are empty of popular coins; well they will take orders but there is either a long lead time or huge premium over spot price. The spot price is heavily manipulated by paper contracts. There is a lot pf requirement for dollar liquidity right now so anything that can be sold is being sold. If you check what happened in the 2008 crash you will see gold and silver fell then too initially; again for margin calls.
    Look there's too much to it to explain it all here; if you are genuinly interested why gold has not yet gone up, just google it; there is plenty of info out there.
  • BTW reference the banks, did you know that JP Morgan has quietly been hoarding physical silver while simultaneously keeping the price low with futures contracts? Google that too. Super-rich hoarding gold too. Banks in general...well they haven't a clue which is why we are in the mess we are in. Banking crisis won't be far off now.
  • kuratowski
    kuratowski Posts: 1,415 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    I've long thought we are all living in a computer simulation that JP Morgan has to run in order to calculate their capital requirements.  Kind of like The Matrix, but much less cool.
  • worldtraveller
    worldtraveller Posts: 14,013 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 4 April 2020 at 5:29PM
    Ah yes! Don't remind me! JP Morgan, the 'father' of credit derivatives, which, largely, almost brought down the financial system in 2008! >:)
    There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
  • "The coronavirus pandemic could trigger a global slump bigger than the Great Depression of the 1930s, a closely watched international survey suggests."
    BBC News:

  • Prism
    Prism Posts: 3,847 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    "The coronavirus pandemic could trigger a global slump bigger than the Great Depression of the 1930s, a closely watched international survey suggests."
    BBC News:

    Yes it 'could' happen - most people seem to agree that the future is uncertain and therefore are taking a balanced approach. However you seem fairly committed to 'will' happen and can't seem to see past your own viewpoint.
  • EdGasketTheSecond
    EdGasketTheSecond Posts: 2,558 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 4 April 2020 at 5:40PM
    I have a view yes, anything wrong with that? I acknowledge the other arguments like rebalancing, time in the market, buy on the dips but doesn't mean I also have to agree with those viewpoints does it? You don't like my view I can tell  but sorry this is a discussion board.
  • EdGasketTheSecond
    EdGasketTheSecond Posts: 2,558 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 4 April 2020 at 7:25PM
    I have not called anyone a fool as far as I know and apologise if I have given that impression. The thread has had 733 replies to date so I don't think you are correct to say it is not interesting as many people do find it interesting. Some people also agree with me so 'we all think you're a fruit loop' apart from being insulting is evidently also incorrect.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.