Loading ...Gold @ 3200
Id like to address Pedro & Chartmaster on the subject of what we put our money into from selling our mining stocks.
Short term like a year… asking you for a road map.
Holding in cash doesnt seem too bright.
Im thinking fertilizer … & what else?
Thanks in advance.
If you choose to sell mining stocks (or any equities for that matter) there is only one place to escape the (fiat)system. This also holds true for bonds of any kind including treasuries. The only answer is real money. Gold and silver. I have stated a few times in the past one should hold minimal funds in banks for monthly expenses. Some cash in your possession for short term needs and the bulk in physical metal in your possession. Other than some minimal real estate, and or equity in a profitable business, what else would you want to be in?
Completely agree with this advice! Those are the steps we have already taken. The only thing I could add is make friends with your local farmers and ranchers; volunteer your time to help them, which we do twice weekly. We have never asked for payment for our help but we enjoy all the fruits, nuts, veggies, eggs and meats we can eat, along with the friendship of some very wonderful, hard working, honest, and industrious people we know we can count on in the future when, not if, the world continues to deteriorate. Also, as I have mentioned once before, you will be amazed how your health will improve from all the physical activity. www
Depends entirely on your chart reading and tactical skills (there is no fixed road map .. its always adjust and adapt).
We are still not nearing the final top. That always comes with a neg. div. in the NYSE Cum. A/D line. Always.
Premise — The Everything Bubble, supported by low rates, is still being supported by central bank balance sheet expansion (PRC especially, once again). When that ends, and it will, we flip the dial to “Margin Call”. That Sell Everything (like it or not, to pay off debt) phase will be a process (like topping). But this has been building for decades. So one year (to keep powder dry) will not suffice … I would expect an expanded version of the 1929-32 decline with successive bumps and failures.
If you can find an undervalued asset that pays a steady income/dividend, that would be my rec to those who don’t chart so much.
The other consideration is … will you be allowed to retrieve anything financial if the system implodes (the banks?).
And for CM, if the system fails, will you SAFELY be able to trade gold or silver for what you need? Or does word get around that you are a HODLR and they come for YOU!?
If the system fails, which becomes a higher probability event the longer this goes on, nothing is guaranteed to be a safe way to exit. The best place to hold capital is gold and silver which was my answer to the specific question. What is your answer? T/A and chart skills depend upon completely free and uncontrolled and unmanipulated markets. If and when the powers that be decide or are forced to pull the plug on the system it is unlikely your or anyone else’s theoretical models, algos or any other type of analysis and timing will get you out beforehand. What worked in the past isn’t going to work when the SHTF.
TOILET PAPER !!
jim sinclair said many yrs ago… after gold peaks.. Biotech.
I realize gold hasn’t peaked…. but, at 3200 there may be a good correction .
The miners have not proved to be any positive investment for many yrs. Unless one is a superb trader.
Gold balloon….
Besides toilet paper and fertilizer….. alcohol beverages….
any ideas,,?
Don’t waste capital on toilet paper. When the end comes you will have all the tp you need in the form of useless Federal Reserve notes. They have already been sized perfectly for that specific use.