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Liquidate entire portfolio until virus is over?
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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.0
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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.
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JP Morgan is part of a secret elite who know the next global pandemic is going to turn us all into werewolves.
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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.4
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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...1
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"The coronavirus pandemic could trigger a global slump bigger than the Great Depression of the 1930s, a closely watched international survey suggests."BBC News:
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EdGasketTheSecond said:"The coronavirus pandemic could trigger a global slump bigger than the Great Depression of the 1930s, a closely watched international survey suggests."BBC News:
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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.
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EdGasketTheSecond said: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."Real knowledge is to know the extent of one's ignorance" - Confucius6
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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.
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