Economy crash =/= stock market crash?

masonic

Type_45 said:

masonic said:

Type_45 said:

masonic said:

Type_45 said:

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

I did notice that the Sri Lankan rupee has fallen in value by nearly the magic 80%. Not a good time to be caught out holding a lot of cash...

The USD will also collapse. Other currencies too.  

The pound is already being regarded as an emerging market currency in some quarters. When are you planning to move your war chest of cash into gold or some other real asset?

I'm ~30% cash right now.  I plan on buying gold/silver when they crash along with everything else.  They won't necessarily crash, but they have before and I want to be positioned to profit from it should it happen this time.

I already have big positions in gold and silver.

This seems to be a rather flawed plan when in other countries the currency goes down before the economy (the final part of the LKR collapse occurred back in March-May 2022), leaving precious metals relatively untouched. This type of currency collapse would precipitate an apparent melt-up in other assets.

The UK is looking a lot weaker than the US and will probably be a much earlier domino.

Type_45

Sea_Shell said:

Type_45 said:

masonic said:

Type_45 said:

masonic said:

Type_45 said:

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

I did notice that the Sri Lankan rupee has fallen in value by nearly the magic 80%. Not a good time to be caught out holding a lot of cash...

The USD will also collapse. Other currencies too.  

The pound is already being regarded as an emerging market currency in some quarters. When are you planning to move your war chest of cash into gold or some other real asset?

I'm ~30% cash right now.  I plan on buying gold/silver when they crash along with everything else.  They won't necessarily crash, but they have before and I want to be positioned to profit from it should it happen this time.

I already have big positions in gold and silver.

So exactly what is your plan for your gold and silver when the s**t hits, and the UK  (whole world) is on its knees and the rioting and looting starts.   

How do you plan to put food on the table with your assets?   But at least you'd have some fancy cutlery.   

I've got 3 months supply of food stored.  People with gold and silver can buy things with it.  DYOR on hyper-inflation in the Weimar Republic, how gold performed, and what you could buy with a few ounces of gold.

Type_45

masonic said:

Type_45 said:

masonic said:

Type_45 said:

masonic said:

Type_45 said:

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

I did notice that the Sri Lankan rupee has fallen in value by nearly the magic 80%. Not a good time to be caught out holding a lot of cash...

The USD will also collapse. Other currencies too.  

The pound is already being regarded as an emerging market currency in some quarters. When are you planning to move your war chest of cash into gold or some other real asset?

I'm ~30% cash right now.  I plan on buying gold/silver when they crash along with everything else.  They won't necessarily crash, but they have before and I want to be positioned to profit from it should it happen this time.

I already have big positions in gold and silver.

This seems to be a rather flawed plan when in other countries the currency goes down before the economy (the final part of the LKR collapse occurred back in March-May 2022), leaving precious metals relatively untouched. This type of currency collapse would precipitate an apparent melt-up in other assets.

The UK is looking a lot weaker than the US and will probably be a much earlier domino.

That might be true.  And what also might be true is that gold and silver don't crash at all.  And that is why I have an existing position in gold and silver, rather than waiting for them to crash first.

Sea_Shell

Type_45 said:

Sea_Shell said:

Type_45 said:

masonic said:

Type_45 said:

masonic said:

Type_45 said:

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

I did notice that the Sri Lankan rupee has fallen in value by nearly the magic 80%. Not a good time to be caught out holding a lot of cash...

The USD will also collapse. Other currencies too.  

The pound is already being regarded as an emerging market currency in some quarters. When are you planning to move your war chest of cash into gold or some other real asset?

I'm ~30% cash right now.  I plan on buying gold/silver when they crash along with everything else.  They won't necessarily crash, but they have before and I want to be positioned to profit from it should it happen this time.

I already have big positions in gold and silver.

So exactly what is your plan for your gold and silver when the s**t hits, and the UK  (whole world) is on its knees and the rioting and looting starts.   

How do you plan to put food on the table with your assets?   But at least you'd have some fancy cutlery.   

I've got 3 months supply of food stored.  People with gold and silver can buy things with it.  DYOR on hyper-inflation in the Weimar Republic, how gold performed, and what you could buy with a few ounces of gold.

Do you physically have your gold and silver at home in small denominations then?

Do you have a safe, and the means to defend it?  (Along with your food stash)

Grenage

Given the 'Mad Max' prophecies of doom, surely the one should be spending their time at the gym and their money on weapons.

Type_45

Sea_Shell said:

Type_45 said:

Sea_Shell said:

Type_45 said:

masonic said:

Type_45 said:

masonic said:

Type_45 said:

Sri Lanka's economy collapsed this week.  And now so has the economy of Ecuador.

Like dominos.

Are you paying attention yet?

I did notice that the Sri Lankan rupee has fallen in value by nearly the magic 80%. Not a good time to be caught out holding a lot of cash...

The USD will also collapse. Other currencies too.  

The pound is already being regarded as an emerging market currency in some quarters. When are you planning to move your war chest of cash into gold or some other real asset?

I'm ~30% cash right now.  I plan on buying gold/silver when they crash along with everything else.  They won't necessarily crash, but they have before and I want to be positioned to profit from it should it happen this time.

I already have big positions in gold and silver.

So exactly what is your plan for your gold and silver when the s**t hits, and the UK  (whole world) is on its knees and the rioting and looting starts.   

How do you plan to put food on the table with your assets?   But at least you'd have some fancy cutlery.   

I've got 3 months supply of food stored.  People with gold and silver can buy things with it.  DYOR on hyper-inflation in the Weimar Republic, how gold performed, and what you could buy with a few ounces of gold.

Do you physically have your gold and silver at home in small denominations then?

Do you have a safe, and the means to defend it?  (Along with your food stash)

So your solution to prevent getting robbed of food in a global food shortage is to not have any food to begin with?

Type_45

Grenage said:

Given the 'Mad Max' prophecies of doom, surely the one should be spending their time at the gym and their money on weapons.

Have you seen what's going on in Sri Lanka and Ecuador?

anonmoose

So we all know type 45s predictions, but what are other people thinking? Is the general consensus that this is the bottom?

I have a chunk of cash to put in but I am not convinced now is the time. I am not sure this optimism has solid ground. So I am just continuing with my normal drip feeding for now.

I did put a small chunk in a little while ago but I am not comfortable doing more than that now.

Alistair31

Believes financial systems are going to completely collapse yet holds his gold and silver in ETC’s. 

Believes cash is going to be subject to hyper inflation and we are just a domino in a line that has already started to fall, yet has significant cash position. 

Believes equities will be subject to 80% decline so holds none. Presumably thinks the world will not continue to produce, purchase, innovate, consume so holds no income paying assets. 

But is somehow going to navigate in and out of all of this chaos via market timing, from his basement with his 3 month supply of food. 

Right…

GSP

Alistair31 said:

Believes financial systems are going to completely collapse yet holds his gold and silver in ETC’s. 

Believes cash is going to be subject to hyper inflation and we are just a domino in a line that has already started to fall, yet has significant cash position. 

Believes equities will be subject to 80% decline so holds none. Presumably thinks the world will not continue to produce, purchase, innovate, consume so holds no income paying assets. 

But is somehow going to navigate in and out of all of this chaos via market timing, from his basement with his 3 month supply of food. 

Right…

And what happen’s after 3 months of food has run out after ‘all hell has been let loose’, and there’s nothing left anyway?

We are all in this together matey!